Funding you earn now, next payment 23:00 UTC−0.1674%/8h= −183.3% APRnext payment −$2.09 per $10,000 · paid last 24h +0.159%
Price spread now: Kraken Futures against Hyperliquid−0.113%7-day average +0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1531.531% of the position
Funding, last 7 days+0.398%+$40 on $10k
+Price spread, last 3 days (all we have)+0.405%+$40 · spread now −0.113%, 7d avg +0.157%
=Together, before fees+0.803%+ Points / potential airdropHyperliquid: Season 2 · farm board+$80 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Kraken Futures is 0.270% cheaper against Hyperliquid than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.157%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.398%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.398% in total (about 20.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.09 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 kFLOKI | 0.00002894 | 0.0100 | pay 0.0013% / 1h | 59m 39s | $432K | $236K | 5x |
| Short | Kraken Futures PF_FLOKIUSD | 0.00002891 | −0.1574 | pay 0.0197% / 1h | 59m 39s | $103K | $103K | 50x |
Hyperliquid kFLOKI
Kraken Futures PF_FLOKIUSDFunding 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
- −$351.52
- Price spread: −0.113% → +0.157%
- −$27
- Slippage, 4 orders
- −$134.08
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$531.59
- Costs to cover
- 1.531%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 70 min ago; Kraken Futures: live order book, 17 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, 70 min ago | 2.09 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 17 min ago | 43.31 bp | 60.8 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
FLOKI on 19 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_FLOKIUSDshort | −0.1574% | 1h | 0.00002891 | −0.113% | $103K | $103K | 50x | |
| gTrade (Gains Network) FLOKI/USD | L +0.0005% / S −0.0004% | 1h | 0.00002895 | +0.037% | — | — | 150x | as long as short |
| Injective FLOKI/USDC PERP | +0.0033% | 1h | 0.00002777 | −4.070% | $22 | $565 | 5.5x | as long as short |
| OKX FLOKI-USDT-SWAP | +0.0050% | 8h | 0.00002903 | +0.297% | $1.1M | $5.1M | 20x | as long as short |
| Extended kFLOKI-USD | +0.0056% | 1h | 0.00002887 | −0.254% | $5K | — | 10x | as long as short |
| MEXC FLOKI_USDT | +0.0059% | 8h | 0.00002888 | −0.221% | $7.5M | $5.7M | 200x | as long as short |
| Binance 1000FLOKIUSDT | +0.0062% | 8h | 0.00002894 | −0.014% | $4.6M | $21.6M | 75x | as long as short |
| Lighter 1000FLOKI | +0.0096% | 1h | 0.00002896 | +0.059% | $36K | $9K | 5x | as long as short |
| Hyperliquid kFLOKIlong | +0.0100% | 1h | 0.00002894 | long leg | $432K | $236K | 5x | |
| Aster 1000FLOKIUSDT | +0.0100% | 8h | 0.00002893 | −0.062% | $13K | $48K | 10x | as long as short |
gTrade (Gains Network) FLOKI/USD
Injective FLOKI/USDC PERP
OKX FLOKI-USDT-SWAP
Extended kFLOKI-USD
MEXC FLOKI_USDT
Binance 1000FLOKIUSDT
Lighter 1000FLOKI
Aster 1000FLOKIUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit 1000FLOKIUSDT | +0.0100% | 8h | 0.00002902 | +0.263% | $2.6M | $4.2M | 50x | as long as short |
| Gate FLOKI_USDT | +0.0100% | 8h | 0.00002890 | −0.152% | $461K | $1.6M | 50x | as long as short |
| KuCoin FLOKIUSDTM | +0.0100% | 8h | 0.00002896 | +0.059% | $1.6M | $1.0M | 75x | as long as short |
| Bitget FLOKIUSDT | +0.0100% | 8h | 0.00002886 | −0.290% | $1.9M | $2.5M | 75x | as long as short |
| BingX FLOKI-USDT | +0.0100% | 8h | 0.00002891 | −0.117% | — | $14.1M | — | as long as short |
| Variational Omni 1000FLOKI | +0.0100% | 8h | 0.00002885 | −0.321% | $36K | $31K | — | as long as short |
| HTX FLOKI-USDT | +0.0100% | 8h | 0.00002890 | −0.152% | $109K | $107K | 75x | as long as short |
| BloFin 1000FLOKI-USDT | +0.0177% | 8h | 0.00002891 | −0.117% | $434K | $778K | 75x | as long as short |
| GMX FLOKI/USD [WBTC.b-USDC] | L +0.0213% / S −0.0445% | 1h | 0.00002800 | −3.261% | $816 | — | 100x | as long as short |
Bybit 1000FLOKIUSDT
Gate FLOKI_USDT
KuCoin FLOKIUSDTM
Bitget FLOKIUSDT
BingX FLOKI-USDT
Variational Omni 1000FLOKI
HTX FLOKI-USDT
BloFin 1000FLOKI-USDT
GMX FLOKI/USD [WBTC.b-USDC]