Funding you earn now, next payment 00:00 UTC−0.0495%/8h= −54.2% APRnext payment −$0.62 per $10,000 · paid last 24h −0.048%
Price spread now: Kraken Futures against Hyperliquid+0.037%7-day average −0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$490.487% of the position
Funding, last 7 days−0.368%−$37 on $10k
+Price spread, last 3 days (all we have)−0.169%−$17 · spread now +0.037%, 7d avg −0.115%
=Together, before fees−0.537%+ Points / potential airdropHyperliquid: Season 2 · farm board−$54 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.152% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.115%): +$15 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.368% in total) that is about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9842 | 0.0100 | pay 0.0013% / 1h | 6m 48s | $8.5M | $9.5M | 5x |
| Short | Kraken Futures PF_FILUSD | 0.9846 | −0.0395 | pay 0.0049% / 1h | 6m 48s | $1.3M | $2.4M | 50x |
Hyperliquid FIL
Kraken Futures PF_FILUSDFunding 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
- −$103.99
- Price spread: +0.037% → −0.115%
- $15.16
- Slippage, 4 orders
- −$29.7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$137.52
- Costs to cover
- 0.487%
- 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 | 0.05 bp | 5.6 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 2.03 bp | 18.6 bp −$19 | 35.6 bp −$356 | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.0866% | 1h | 0.9847 | +0.049% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSDshort | −0.0395% | 1h | 0.9846 | +0.037% | $1.3M | $2.4M | 50x | |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9853 | +0.110% | $317K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | +0.130% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0036% | 8h | 0.9843 | +0.008% | $7.4M | $7.1M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0011% | 8h | 0.9839 | −0.033% | $18.0M | $98.8M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9842 | 0.000% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9848 | +0.054% | $57K | $2K | 10x | as long as short |
| Binance FILUSDT | +0.0039% | 8h | 0.9841 | −0.012% | $57.1M | $179.6M | 75x | as long as short |
| Bitget FILUSDT | +0.0039% | 8h | 0.9841 | −0.012% | $10.8M | $21.6M | 75x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
KuCoin FILUSDTM
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Binance FILUSDT
Bitget FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FIL-USD | +0.0040% | 1h | 0.9837 | −0.050% | $689K | $2.3M | 10x | as long as short |
| Bybit FILUSDT | +0.0046% | 8h | 0.9842 | −0.002% | $15.4M | $18.4M | 25x | as long as short |
| BingX FIL-USDT | +0.0047% | 8h | 0.9842 | −0.002% | — | $11.9M | — | as long as short |
| MEXC FIL_USDC | +0.0049% | 8h | 0.9839 | −0.033% | $247K | $106K | 50x | as long as short |
| Gate FIL_USDT | +0.0072% | 8h | 0.9846 | +0.039% | $8.1M | $16.5M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9833 | −0.088% | $158K | $348K | 5x | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9842 | long leg | $8.5M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9840 | −0.020% | $492K | $546K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9835 | −0.072% | $439K | $278K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9847 | +0.046% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9850 | +0.083% | $294K | $805K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9860 | +0.181% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9845 | +0.029% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9830 | −0.124% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9839 | −0.033% | $480 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9844 | +0.018% | $625K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9840 | −0.022% | $1.1M | $2.4M | 50x | as long as short |
| BloFin FIL-USDT | +0.0155% | 8h | 0.9835 | −0.073% | $2.7M | $567K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0570% / S −0.0666% | 1h | 0.9841 | −0.015% | $195K | — | 100x | as long as short |
Extended FIL-USD
Bybit FILUSDT
BingX FIL-USDT
MEXC FIL_USDC
Gate FIL_USDT
Lighter FIL
Aster FILUSDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]