Funding you earn now, next payment 22:00 UTC−0.1542%/8h= −168.8% APRnext payment −$1.93 per $10,000 · paid last 24h −0.088%
Price spread now: Kraken Futures against Hyperliquid−0.116%7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1141.144% of the position
Funding, last 7 days+0.349%+$35 on $10k
+Price spread, last 3 days (all we have)+1.890%+$189 · spread now −0.116%, 7d avg +0.066%
=Together, before fees+2.239%+ Points / potential airdropHyperliquid: Season 2 · farm board+$224 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and Kraken Futures is 0.182% cheaper against Hyperliquid than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.066%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.349%, 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 0.349% in total (about 18.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.93 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 STX | 0.3473 | 0.0197 | pay 0.0025% / 1h | 56m 50s | $1.5M | $1.0M | 5x |
| Short | Kraken Futures PF_STXUSD | 0.3469 | −0.1345 | pay 0.0168% / 1h | 56m 50s | $78K | $163K | 20x |
Hyperliquid STX
Kraken Futures PF_STXUSDFunding 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
- −$323.81
- Price spread: −0.116% → +0.066%
- −$18.24
- Slippage, 4 orders
- −$95.41
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$456.46
- Costs to cover
- 1.144%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Kraken Futures: live order book, 30 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, 4 min ago | 2.01 bp | 18.7 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 30 min ago | 31.67 bp | 43.0 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
STX on 18 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_STXUSDshort | −0.1345% | 1h | 0.3469 | −0.116% | $78K | $163K | 20x | |
| Variational Omni STX | −0.0647% | 8h | 0.3474 | +0.010% | $826K | $321K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3473 | −0.006% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3349 | −3.576% | $4K | $111K | 12x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3474 | +0.034% | $130K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3473 | −0.013% | $8.1M | $20.4M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3466 | −0.207% | $8.9M | $7.6M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3469 | −0.121% | $2.5M | $6.8M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3470 | −0.092% | $615K | $432K | 50x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3474 | +0.023% | $6.4M | $1.5M | 50x | as long as short |
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAP
Gate STX_USDT
MEXC STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3472 | −0.035% | $2.5M | $1.8M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3466 | −0.207% | $5.0M | $1.9M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3471 | −0.063% | — | $15.8M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3487 | +0.397% | $58K | $677K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3474 | +0.024% | $183K | $585K | 10x | as long as short |
| BloFin STX-USDT | +0.0110% | 8h | 0.3472 | −0.035% | $439K | $250K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3475 | +0.056% | $5K | — | 100x | as long as short |
| Hyperliquid STXlong | +0.0197% | 1h | 0.3473 | long leg | $1.5M | $1.0M | 5x |
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
BloFin STX-USDT
GMX STX/USD [WBTC.b-USDC]