Funding you earn now, next payment 06:00 UTC+0.0899%/8h= +98.4% APRnext payment +$1.12 per $10,000 · paid last 24h +0.121%
Price spread now: Kraken Futures against Hyperliquid−0.090%7-day average +0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.458%+$46 on $10k
+Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.090%, 7d avg +0.009%
=Together, before fees+0.719%+ Points / potential airdropHyperliquid: Season 2 · farm board+$72 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.099% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of +0.009%). If the spread goes back, that is −$10 on $10k: about 9 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.458% in total) that is about 36 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.458% in total (about 23.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.12 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 DYDX | 0.1348 | 0.0138 | pay 0.0017% / 1h | 40m 03s | $2.0M | $726K | 5x |
| Short | Kraken Futures PF_DYDXUSD | 0.1346 | 0.1037 | get 0.0130% / 1h | 40m 03s | $310K | $360K | 20x |
Hyperliquid DYDX
Kraken Futures PF_DYDXUSDFunding 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
- $188.77
- Price spread: −0.090% → +0.009%
- −$9.88
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $159.88
- Costs to cover
- 0.190%
- Break-even
- 1.1 days
Slippage unknown: Hyperliquid: live order book, 1 min ago; Kraken Futures: live order book, 8 min ago. Net counts fees only.
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, 1 min ago | 1.49 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 8 min ago | 9.95 bp | 37.1 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
DYDX on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DYDX/USDC PERP | −0.0066% | 1h | 0.1347 | −0.052% | $6K | $49K | 12x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1345 | −0.171% | $60K | $48K | 5x | as long as short |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1345 | −0.197% | $6K | $12K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1346 | −0.126% | $5.2M | $8.6M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1344 | −0.282% | $4.5M | $2.4M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1345 | −0.223% | $2.1M | $3.2M | 20x | as long as short |
| Gate DYDX_USDT | +0.0100% | 8h | 0.1344 | −0.275% | $377K | $470K | 75x | as long as short |
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1344 | −0.275% | $2.8M | $788K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1344 | −0.275% | $2.3M | $3.7M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1345 | −0.200% | $1.4M | $1.0M | 10x | as long as short |
Injective DYDX/USDC PERP
Lighter DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Gate DYDX_USDT
MEXC DYDX_USDT
KuCoin DYDXUSDTM
Bitget DYDXUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX DYDX-USDT | +0.0100% | 8h | 0.1345 | −0.200% | — | $3.0M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1345 | −0.224% | $4K | $113K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1345 | −0.200% | $49K | — | 3x | as long as short |
| BloFin DYDX-USDT | +0.0129% | 8h | 0.1347 | −0.052% | $295K | $12K | 75x | as long as short |
| Hyperliquid DYDXlong | +0.0138% | 1h | 0.1348 | long leg | $2.0M | $726K | 5x | |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0187% / S −0.0526% | 1h | 0.1345 | −0.210% | $912 | — | 100x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | +0.0493% | 1h | 0.1346 | −0.126% | — | — | 25x | as long as short |
| Arcus DYDX-USD | +0.0562% | 1h | 0.1346 | −0.126% | $52K | $20K | 5x | as long as short |
| Coinbase International DYDX-PERP-INTX | +0.0888% | 1h | 0.1364 | +1.209% | $17K | $36K | 50x | as long as short |
| Kraken Futures PF_DYDXUSDshort | +0.1037% | 1h | 0.1346 | −0.090% | $310K | $360K | 20x | |
| dYdX DYDX-USD | +0.4836% | 1h | 0.1343 | −0.349% | $76K | $2K | 5x | as long as short |
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
BloFin DYDX-USDT
GMX DYDX/USD [WBTC.b-USDC]
Deribit DYDX_USDC-PERPETUAL
Arcus DYDX-USD
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD