Funding you earn now, next payment 02:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h +0.434%
Price spread now: Kraken Futures against Hyperliquid−0.057%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1061.061% of the position
Funding, last 7 days+0.656%+$66 on $10k
+Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.057%, 7d avg +0.039%
=Together, before fees+0.746%+ Points / potential airdropHyperliquid: Season 2 · farm board+$75 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kraken Futures is 0.096% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SNX | 0.2406 | 0.0100 | pay 0.0013% / 1h | 7m 48s | $443K | $152K | 3x |
| Short | Kraken Futures PF_SNXUSD | 0.2405 | 0.0109 | get 0.0014% / 1h | 7m 48s | $144K | $58K | 25x |
Hyperliquid SNX
Kraken Futures PF_SNXUSDFunding 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
- $1.92
- Price spread: −0.057% → +0.039%
- −$9.63
- Slippage, 4 orders
- −$87.12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$113.83
- Costs to cover
- 1.061%
- Break-even
- 422.8 days
Slippage from Hyperliquid: live order book, 32 min ago; Kraken Futures: 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 Hyperliquid live order book, 32 min ago | 3.35 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 59 min ago | 6.22 bp | 25.4 bp −$25 | 78.9 bp −$789 | doesn't fit | doesn't fit |
SNX on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SNX/USDC PERP | −0.5000% | 1h | 0.2257 | −6.208% | $23K | $29K | 12x | as long as short |
| Hyperliquid SNXlong | +0.0100% | 1h | 0.2406 | long leg | $443K | $152K | 3x | |
| Aster SNXUSDT | +0.0100% | 8h | 0.2401 | −0.242% | $4K | $3K | 5x | as long as short |
| Binance SNXUSDT | +0.0100% | 8h | 0.2402 | −0.162% | $2.9M | $4.0M | 75x | as long as short |
| Bybit SNXUSDT | +0.0100% | 8h | 0.2401 | −0.224% | $1.6M | $1.3M | 75x | as long as short |
| OKX SNX-USDT-SWAP | +0.0100% | 8h | 0.2404 | −0.100% | $784K | $1.1M | 20x | as long as short |
| Gate SNX_USDT | +0.0100% | 8h | 0.2399 | −0.308% | $240K | $96K | 25x | as long as short |
| MEXC SNX_USDT | +0.0100% | 8h | 0.2401 | −0.224% | $1.7M | $700K | 100x | as long as short |
| KuCoin SNXUSDTM | +0.0100% | 8h | 0.2402 | −0.183% | $722K | $2.1M | 30x | as long as short |
| Bitget SNXUSDT | +0.0100% | 8h | 0.2402 | −0.183% | $1.1M | $390K | 50x | as long as short |
Injective SNX/USDC PERP
Aster SNXUSDT
Binance SNXUSDT
Bybit SNXUSDT
OKX SNX-USDT-SWAP
Gate SNX_USDT
MEXC SNX_USDT
KuCoin SNXUSDTM
Bitget SNXUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SNX-USDT | +0.0100% | 8h | 0.2404 | −0.100% | — | $2.3M | — | as long as short |
| Variational Omni SNX | +0.0100% | 8h | 0.2405 | −0.076% | $12K | $4K | — | as long as short |
| SunX SNX-USDT | +0.0100% | 8h | 0.2396 | −0.432% | $2K | $1.4M | 20x | as long as short |
| Kraken Futures PF_SNXUSDshort | +0.0109% | 1h | 0.2405 | −0.057% | $144K | $58K | 25x |
BingX SNX-USDT
Variational Omni SNX
SunX SNX-USDT