Funding you earn now, next payment 22:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h −0.047%
Price spread now: Kraken Futures against Hyperliquid−0.051%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$800.795% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 3 days (all we have)−0.289%−$29 · spread now −0.051%, 7d avg −0.041%
=Together, before fees−0.389%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETC | 8.7899 | 0.0100 | pay 0.0013% / 1h | 40m 08s | $2.2M | $423K | 5x |
| Short | Kraken Futures PF_ETCUSD | 8.7854 | 0.0180 | get 0.0023% / 1h | 40m 08s | $1.9M | $672K | 50x |
Hyperliquid ETC
Kraken Futures PF_ETCUSDFunding 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
- $16.88
- Price spread: −0.051% → −0.041%
- −$0.99
- Slippage, 4 orders
- −$60.54
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$63.65
- Costs to cover
- 0.795%
- Break-even
- 33.4 days
Slippage from Hyperliquid: live order book, 1 min ago; Kraken Futures: live order book, 3 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, 1 min ago | 2.05 bp | 18.7 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 3.42 bp | 19.0 bp −$19 | 42.8 bp −$428 | doesn't fit | doesn't fit |
ETC on 22 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 ETC/USDC PERP | −0.0037% | 1h | 8.7920 | +0.024% | $33 | $77K | 5.5x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7659 | −0.273% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.7833 | −0.075% | $498 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7824 | −0.085% | — | — | 150x | as long as short |
| Hyperliquid ETClong | +0.0100% | 1h | 8.7899 | long leg | $2.2M | $423K | 5x | |
| Aster ETCUSDT | +0.0100% | 8h | 8.7769 | −0.148% | $982K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7818 | −0.092% | $26.3M | $70.5M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7740 | −0.181% | $12.9M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7810 | −0.101% | $8.6M | $16.2M | 50x | as long as short |
| Gate ETC_USDT | +0.0100% | 8h | 8.7780 | −0.135% | $3.5M | $2.4M | 60x | as long as short |
Injective ETC/USDC PERP
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAP
Gate ETC_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ETC_USDT | +0.0100% | 8h | 8.7800 | −0.113% | $7.8M | $36.8M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7750 | −0.170% | $2.8M | $705K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7807 | −0.105% | $9.7M | $3.6M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.7800 | −0.113% | — | $20.6M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7635 | −0.300% | $124K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7820 | −0.090% | $152 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7755 | −0.164% | $131K | $272K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7780 | −0.135% | $2.0M | $2.6M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7801 | −0.111% | $4K | $181K | 25x | as long as short |
| Kraken Futures PF_ETCUSDshort | +0.0180% | 1h | 8.7854 | −0.051% | $1.9M | $672K | 50x | |
| BloFin ETC-USDT | +0.0220% | 8h | 8.7700 | −0.226% | $1.4M | $215K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0632% | 1h | 8.8200 | +0.342% | $35K | $13K | 50x | as long as short |
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX