Funding you earn now, next payment 04:00 UTC−0.0779%/8h= −85.3% APRnext payment −$0.97 per $10,000 · paid last 24h −0.054%
Price spread now: Hyperliquid against Kraken Futures−0.039%7-day average −0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1401.398% of the position
Funding, last 7 days−0.400%−$40 on $10k
+Price spread, last 4 days (all we have)−0.157%−$16 · spread now −0.039%, 7d avg −0.159%
=Together, before fees−0.557%+ Points / potential airdropHyperliquid: Season 2 · farm board−$56 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.120% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.159%): +$12 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.400% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.400% in total (about -20.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.97 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 | Kraken Futures PF_FLOKIUSD | 0.00002920 | 0.0879 | pay 0.0110% / 1h | 31m 06s | $99K | $120K | 50x |
| Short | Hyperliquid kFLOKI | 0.00002918 | 0.0100 | get 0.0013% / 1h | 31m 06s | $485K | $306K | 5x |
Kraken Futures PF_FLOKIUSD
Hyperliquid kFLOKIFunding 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
- −$163.61
- Price spread: −0.039% → −0.159%
- $11.97
- Slippage, 4 orders
- −$120.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$291.44
- Costs to cover
- 1.398%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 26 min ago; Hyperliquid: live order book, 59 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, 26 min ago | 19.19 bp | 74.2 bp −$74 | 163.7 bp −$1,637 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 59 min ago | 0.87 bp | 12.7 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) FLOKI/USD | L +0.0005% / S −0.0004% | 1h | 0.00002915 | −0.146% | — | — | 150x | as long as short |
| Injective FLOKI/USDC PERP | +0.0033% | 1h | 0.00002777 | −4.896% | $22 | $565 | 5.5x | as long as short |
| Lighter 1000FLOKI | +0.0096% | 1h | 0.00002919 | −0.008% | $42K | $14K | 5x | as long as short |
| Hyperliquid kFLOKIshort | +0.0100% | 1h | 0.00002918 | −0.039% | $485K | $306K | 5x | |
| Aster 1000FLOKIUSDT | +0.0100% | 8h | 0.00002916 | −0.119% | $11K | $50K | 10x | as long as short |
| Binance 1000FLOKIUSDT | +0.0100% | 8h | 0.00002920 | +0.015% | $4.7M | $23.8M | 75x | as long as short |
| Bybit 1000FLOKIUSDT | +0.0100% | 8h | 0.00002921 | +0.050% | $2.7M | $4.4M | 50x | as long as short |
| OKX FLOKI-USDT-SWAP | +0.0100% | 8h | 0.00002921 | +0.050% | $1.1M | $5.4M | 20x | as long as short |
| Gate FLOKI_USDT | +0.0100% | 8h | 0.00002914 | −0.189% | $483K | $1.6M | 50x | as long as short |
| MEXC FLOKI_USDT | +0.0100% | 8h | 0.00002915 | −0.155% | $7.5M | $5.9M | 200x | as long as short |
gTrade (Gains Network) FLOKI/USD
Injective FLOKI/USDC PERP
Lighter 1000FLOKI
Aster 1000FLOKIUSDT
Binance 1000FLOKIUSDT
Bybit 1000FLOKIUSDT
OKX FLOKI-USDT-SWAP
Gate FLOKI_USDT
MEXC FLOKI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin FLOKIUSDTM | +0.0100% | 8h | 0.00002918 | −0.049% | $1.7M | $1.1M | 75x | as long as short |
| Bitget FLOKIUSDT | +0.0100% | 8h | 0.00002917 | −0.087% | $1.9M | $2.7M | 75x | as long as short |
| BingX FLOKI-USDT | +0.0100% | 8h | 0.00002920 | +0.016% | — | $10.8M | — | as long as short |
| Variational Omni 1000FLOKI | +0.0100% | 8h | 0.00002916 | −0.104% | $63K | $58K | — | as long as short |
| HTX FLOKI-USDT | +0.0100% | 8h | 0.00002909 | −0.361% | $109K | $114K | 75x | as long as short |
| Extended kFLOKI-USD | +0.0104% | 1h | 0.00002914 | −0.183% | $5K | — | 10x | as long as short |
| GMX FLOKI/USD [WBTC.b-USDC] | L +0.0213% / S −0.0445% | 1h | 0.00002900 | −0.669% | $822 | — | 100x | as long as short |
| BloFin 1000FLOKI-USDT | +0.0220% | 8h | 0.00002911 | −0.292% | $436K | $834K | 75x | as long as short |
| Kraken Futures PF_FLOKIUSDlong | +0.0879% | 1h | 0.00002920 | long leg | $99K | $120K | 50x |
KuCoin FLOKIUSDTM
Bitget FLOKIUSDT
BingX FLOKI-USDT
Variational Omni 1000FLOKI
HTX FLOKI-USDT
Extended kFLOKI-USD
GMX FLOKI/USD [WBTC.b-USDC]
BloFin 1000FLOKI-USDT