Funding you earn now, next payment 22:00 UTC+0.0283%/8h= +31.0% APRnext payment +$0.35 per $10,000 · paid last 24h +0.111%
Price spread now: Kraken Futures against Hyperliquid−0.003%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 3 days (all we have)−0.080%−$8 · spread now −0.003%, 7d avg −0.025%
=Together, before fees+0.077%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.022% dearer against Hyperliquid than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.025%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.157% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 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 HBAR | 0.09207 | 0.0100 | pay 0.0013% / 1h | 34m 39s | $8.8M | $2.9M | 5x |
| Short | Kraken Futures PF_HBARUSD | 0.09207 | 0.0383 | get 0.0048% / 1h | 34m 39s | $1.4M | $2.4M | 50x |
Hyperliquid HBAR
Kraken Futures PF_HBARUSDFunding 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
- $59.45
- Price spread: −0.003% → −0.025%
- $2.2
- Slippage, 4 orders
- −$29.04
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $13.62
- Costs to cover
- 0.480%
- Break-even
- 5.4 days
Slippage from Hyperliquid: live order book, 8 min ago; Kraken Futures: live order book, 4 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, 8 min ago | 0.11 bp | 8.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 4.91 bp | 12.0 bp −$12 | 19.4 bp −$194 | doesn't fit | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0042% | 8h | 0.09189 | −0.194% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0036% | 8h | 0.09196 | −0.118% | $2.4M | $3.5M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09208 | +0.012% | $507K | $150K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09208 | +0.013% | $8K | — | 150x | as long as short |
| Backpack HBAR_USDC_PERP | +0.0038% | 1h | 0.09204 | −0.031% | $31K | $102K | 15x | as long as short |
| Variational Omni HBAR | +0.0049% | 8h | 0.09169 | −0.410% | $1.0M | $197K | — | as long as short |
| MEXC HBAR_USDT | +0.0053% | 8h | 0.09193 | −0.151% | $24.0M | $22.7M | 200x | as long as short |
| Binance HBARUSDT | +0.0054% | 8h | 0.09193 | −0.147% | $34.6M | $110.6M | 75x | as long as short |
| Extended HBAR-USD | +0.0056% | 1h | 0.09192 | −0.163% | $51K | $210K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09213 | +0.066% | $221K | $2.2M | 50x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Backpack HBAR_USDC_PERP
Variational Omni HBAR
MEXC HBAR_USDT
Binance HBARUSDT
Extended HBAR-USD
Coinbase International HBAR-PERP-INTXShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09200 | −0.075% | $2K | $18K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09193 | −0.151% | $565K | $590K | 5x | as long as short |
| Hyperliquid HBARlong | +0.0100% | 1h | 0.09207 | long leg | $8.8M | $2.9M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09194 | −0.137% | $210K | $428K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09194 | −0.140% | $32.9M | $37.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09193 | −0.151% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09197 | −0.108% | $16.9M | $14.9M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09193 | −0.151% | — | $5.9M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09176 | −0.337% | $374K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09178 | −0.314% | $147K | $706K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09198 | −0.097% | $427 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09226 | +0.207% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09199 | −0.086% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0174% | 8h | 0.09195 | −0.129% | $1.5M | $5.6M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.045% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0383% | 1h | 0.09207 | −0.003% | $1.4M | $2.4M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0446% / S −0.0478% | 1h | 0.09205 | −0.015% | $103K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.3609% | 1h | 0.09205 | −0.018% | $30K | $4K | 5x | as long as short |
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD