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: Hyperliquid against Kraken Futures−0.061%50s7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as 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−$480.480% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.061%, 7d avg +0.025%
=Together, before fees−0.013%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Hyperliquid is 0.086% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.025%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
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 | Kraken Futures PF_HBARUSD | 0.09207 | 0.0383 | pay 0.0048% / 1h | 34m 33s | $1.4M | $2.4M | 50x |
| Short | Hyperliquid HBAR | 0.09201 | 0.0100 | get 0.0013% / 1h | 34m 33s | $8.8M | $2.9M | 5x |
Kraken Futures PF_HBARUSD
Hyperliquid HBARFunding 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
- −$59.45
- Price spread: −0.061% → +0.025%
- −$8.61
- Slippage, 4 orders
- −$29.04
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$116.1
- Costs to cover
- 0.480%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Hyperliquid: live order book, 8 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 | 4.91 bp | 16.6 bp −$17 | 26.2 bp −$262 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.11 bp | 11.0 bp −$11 | doesn't fit | 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 | 0.09186 | −0.224% | $7.3M | $7.9M | 75x | as long as short |
| Gate HBAR_USDT | −0.0036% | 8h | 0.09196 | −0.115% | $2.4M | $3.5M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09208 | +0.015% | $507K | $150K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09189 | −0.191% | $8K | — | 150x | as long as short |
| Backpack HBAR_USDC_PERP | +0.0038% | 1h | 0.09204 | −0.028% | $31K | $102K | 15x | as long as short |
| Variational Omni HBAR | +0.0049% | 8h | 0.09169 | −0.406% | $1.0M | $197K | — | as long as short |
| MEXC HBAR_USDT | +0.0053% | 8h | 0.09188 | −0.202% | $24.0M | $22.7M | 200x | as long as short |
| Binance HBARUSDT | +0.0054% | 8h | 0.09188 | −0.201% | $34.6M | $110.6M | 75x | as long as short |
| Extended HBAR-USD | +0.0056% | 1h | 0.09192 | −0.160% | $51K | $210K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09213 | +0.070% | $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 | −0.071% | $2K | $18K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09193 | −0.148% | $565K | $590K | 5x | as long as short |
| Hyperliquid HBARshort | +0.0100% | 1h | 0.09201 | −0.061% | $8.8M | $2.9M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09194 | −0.135% | $210K | $428K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09188 | −0.202% | $32.9M | $37.1M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09182 | −0.267% | $6.9M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09192 | −0.158% | $16.9M | $14.9M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09192 | −0.158% | — | $6.7M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09176 | −0.333% | $374K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09178 | −0.310% | $147K | $706K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09198 | −0.093% | $427 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09226 | +0.211% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09199 | −0.082% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0174% | 8h | 0.09195 | −0.126% | $1.5M | $5.6M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09211 | +0.048% | $1K | $84K | 12x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0383% | 1h | 0.09207 | long leg | $1.4M | $2.4M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0478% | 1h | 0.09188 | −0.206% | $103K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.3609% | 1h | 0.09205 | −0.015% | $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-USDC
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