Funding you earn now, next payment 01:00 UTC−0.0213%/8h= −23.4% APRnext payment −$0.27 per $10,000 · paid last 24h −0.026%
Price spread now: Kraken Futures against Hyperliquid−0.086%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$690.695% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.086%, 7d avg −0.054%
=Together, before fees+0.059%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.032% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.054%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.27 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 | Hyperliquid CRV | 0.3673 | 0.0301 | pay 0.0038% / 1h | 16m 46s | $22.8M | $16.5M | 10x |
| Short | Kraken Futures PF_CRVUSD | 0.3669 | 0.0088 | get 0.0011% / 1h | 16m 46s | $3.1M | $2.8M | 50x |
Hyperliquid CRV
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Hyperliquid. 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
- −$44.81
- Price spread: −0.086% → −0.054%
- −$3.18
- Slippage, 4 orders
- −$50.5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$117.49
- Costs to cover
- 0.695%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Kraken Futures: live order book, 2 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 Hyperliquid live order book, 6 min ago | 0.27 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 6.83 bp | 21.1 bp −$21 | 46.0 bp −$460 | doesn't fit | doesn't fit |
CRV on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0087% | 1h | 0.3676 | +0.093% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3670 | −0.072% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0023% | 1h | 0.3664 | −0.234% | $56K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3670 | −0.073% | $38K | $5K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | −0.071% | $79 | $384K | 12x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0088% | 1h | 0.3669 | −0.086% | $3.1M | $2.8M | 50x | |
| Lighter CRV | +0.0096% | 1h | 0.3670 | −0.076% | $410K | $727K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3665 | −0.207% | $24K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3668 | −0.112% | $130K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3672 | −0.019% | $374K | $211K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3675 | +0.060% | $25.7M | $55.9M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3673 | +0.011% | $28.0M | $17.6M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3672 | −0.016% | $8.8M | $21.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3666 | −0.180% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3666 | −0.180% | $15.1M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3669 | −0.098% | $6.6M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3669 | −0.098% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3666 | −0.180% | — | $23.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3668 | −0.128% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3669 | −0.101% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3670 | −0.082% | $518K | $417K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3670 | −0.071% | $53K | $698K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3709 | +0.991% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3667 | −0.161% | $247K | $893K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3664 | −0.222% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3665 | −0.207% | $1.4M | $4.3M | 75x | as long as short |
| Hyperliquid CRVlong | +0.0301% | 1h | 0.3673 | long leg | $22.8M | $16.5M | 10x | |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3670 | −0.071% | $383K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0417% / S −0.0174% | 1h | 0.3665 | −0.206% | $218K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0537% | 1h | 0.3667 | −0.161% | $99K | $295K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP