Funding you earn now, next payment 02:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h +0.053%
Price spread now: Hyperliquid against Kraken Futures−0.028%50s7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$790.785% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 3 days (all we have)+0.091%+$9 · spread now −0.028%, 7d avg +0.042%
=Together, before fees+0.196%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.070% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.042%). If the spread goes back, that is −$7 on $10k: about 2.0 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.105% in total) that is about 4.6 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ETCUSD | 8.8150 | −0.0016 | get 0.0002% / 1h | 9m 24s | $1.9M | $706K | 50x |
| Short | Hyperliquid ETC | 8.8125 | 0.0100 | get 0.0013% / 1h | 9m 24s | $2.5M | $589K | 5x |
Kraken Futures PF_ETCUSD
Hyperliquid ETCFunding 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
- $24.31
- Price spread: −0.028% → +0.042%
- −$6.96
- Slippage, 4 orders
- −$59.52
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$61.17
- Costs to cover
- 0.785%
- Break-even
- 24.6 days
Slippage from Kraken Futures: live order book, 4 min ago; Hyperliquid: 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 Kraken Futures live order book, 4 min ago | 6.23 bp | 26.2 bp −$26 | 47.4 bp −$474 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 2.37 bp | 17.6 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
ETC 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETCUSDlong | −0.0016% | 1h | 8.8150 | long leg | $1.9M | $706K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8136 | −0.016% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8194 | +0.050% | $500 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8083 | −0.076% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.681% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETCshort | +0.0100% | 1h | 8.8125 | −0.028% | $2.5M | $589K | 5x | |
| Aster ETCUSDT | +0.0100% | 8h | 8.8057 | −0.105% | $985K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8034 | −0.131% | $26.5M | $69.6M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7980 | −0.193% | $12.8M | $7.8M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7960 | −0.215% | $8.6M | $17.1M | 50x | as long as short |
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.8080 | −0.079% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8070 | −0.090% | $7.1M | $32.8M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8070 | −0.090% | $2.9M | $683K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7940 | −0.238% | $9.7M | $4.0M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8030 | −0.136% | — | $20.9M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8310 | +0.181% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8190 | +0.046% | $163 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8168 | +0.021% | $120K | $301K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8210 | +0.068% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8028 | −0.138% | $14K | $94K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0616% | 1h | 8.9440 | +1.464% | $38K | $16K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX