Funding you earn now, next payment 23:00 UTC+0.0958%/8h= +104.9% APRnext payment +$1.20 per $10,000 · paid last 24h +0.060%
Price spread now: Hyperliquid against Kraken Futures−0.068%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1151.145% of the position
Funding, last 7 days+0.282%+$28 on $10k
+Price spread, last 3 days (all we have)−0.012%−$1 · spread now −0.068%, 7d avg −0.086%
=Together, before fees+0.270%+ Points / potential airdropHyperliquid: Season 2 · farm board+$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.086%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.282% in total (about 14.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_COMPUSD | 22.526 | −0.0858 | get 0.0107% / 1h | 2m 12s | $237K | $62K | 20x |
| Short | Hyperliquid COMP | 22.511 | 0.0100 | get 0.0013% / 1h | 2m 12s | $845K | $493K | 5x |
Kraken Futures PF_COMPUSD
Hyperliquid COMPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $201.24
- Price spread: −0.068% → −0.086%
- $1.81
- Slippage, 4 orders
- −$95.54
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $88.51
- Costs to cover
- 1.145%
- Break-even
- 3.9 days
Slippage from Kraken Futures: live order book, 15 min ago; Hyperliquid: live order book, 8 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 15 min ago | 10.24 bp | 35.2 bp −$35 | 315.9 bp −$3,159 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.11 bp | 25.7 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
COMP on 16 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COMPUSDlong | −0.0858% | 1h | 22.526 | long leg | $237K | $62K | 20x | |
| Deribit COMP_USDC-PERPETUAL | −0.0638% | 1h | 22.490 | −0.161% | $328 | $327 | 50x | as long as short |
| Injective COMP/USDC PERP | −0.0449% | 1h | 22.340 | −0.827% | $2K | $13K | 12x | as long as short |
| dYdX COMP-USD | 0.0000% | 1h | 22.527 | +0.003% | $68K | — | 5x | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0040% | 1h | 22.520 | −0.028% | $18K | $53K | 25x | as long as short |
| BloFin COMP-USDT | +0.0094% | 8h | 22.510 | −0.072% | $236K | $150K | 20x | as long as short |
| Hyperliquid COMPshort | +0.0100% | 1h | 22.511 | −0.068% | $845K | $493K | 5x | |
| Binance COMPUSDT | +0.0100% | 8h | 22.485 | −0.183% | $4.2M | $7.2M | 75x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.490 | −0.161% | $3.8M | $2.0M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.500 | −0.116% | $1.6M | $2.2M | 20x | as long as short |
Deribit COMP_USDC-PERPETUAL
Injective COMP/USDC PERP
dYdX COMP-USD
Coinbase International COMP-PERP-INTX
BloFin COMP-USDT
Binance COMPUSDT
Bybit COMPUSDT
OKX COMP-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate COMP_USDT | +0.0100% | 8h | 22.480 | −0.205% | $220K | $78K | 25x | as long as short |
| MEXC COMP_USDT | +0.0100% | 8h | 22.480 | −0.205% | $2.7M | $845K | 20x | as long as short |
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.510 | −0.072% | $455K | $94K | 30x | as long as short |
| Bitget COMPUSDT | +0.0100% | 8h | 22.500 | −0.116% | $1.9M | $670K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.500 | −0.116% | — | $36.0M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.487 | −0.174% | $15K | $37K | — | as long as short |
Gate COMP_USDT
MEXC COMP_USDT
KuCoin COMPUSDTM
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP