Funding you earn now, next payment 23:00 UTC+0.0825%/8h= +90.3% APRnext payment +$1.03 per $10,000 · paid last 24h +0.134%
Price spread now: Hyperliquid against Kraken Futures+0.209%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$990.988% of the position
Funding, last 7 days−0.330%−$33 on $10k
+Price spread, last 3 days (all we have)−1.004%−$100 · spread now +0.209%, 7d avg −0.062%
=Together, before fees−1.334%+ Points / potential airdropHyperliquid: Season 2 · farm board−$133 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Hyperliquid is 0.271% dearer against Kraken Futures than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.062%. Mind the row above: over the last 7 days funding on this pair cost −0.330%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.330% in total (about -17.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.03 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_STXUSD | 0.3460 | −0.0725 | get 0.0091% / 1h | 39m 48s | $77K | $159K | 20x |
| Short | Hyperliquid STX | 0.3467 | 0.0100 | get 0.0013% / 1h | 39m 48s | $1.5M | $1.0M | 5x |
Kraken Futures PF_STXUSD
Hyperliquid STXFunding 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
- $173.26
- Price spread: +0.209% → −0.062%
- $27.09
- Slippage, 4 orders
- −$79.82
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $101.53
- Costs to cover
- 0.988%
- Break-even
- 2.9 days
Slippage from Kraken Futures: live order book, 43 min ago; Hyperliquid: live order book, 1 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, 43 min ago | 22.41 bp | 30.4 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 1.15 bp | 15.1 bp −$15 | 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_STXUSDlong | −0.0725% | 1h | 0.3460 | long leg | $77K | $159K | 20x | |
| Variational Omni STX | −0.0486% | 8h | 0.3455 | −0.132% | $819K | $306K | — | as long as short |
| Injective STX/USDC PERP | −0.0090% | 1h | 0.3427 | −0.944% | $4K | $227K | 12x | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3463 | +0.107% | — | — | 150x | as long as short |
| BloFin STX-USDT | +0.0099% | 8h | 0.3458 | −0.048% | $431K | $237K | 20x | as long as short |
| Hyperliquid STXshort | +0.0100% | 1h | 0.3467 | +0.209% | $1.5M | $1.0M | 5x | |
| Aster STXUSDT | +0.0100% | 8h | 0.3463 | +0.083% | $129K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3461 | +0.030% | $8.1M | $20.0M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3457 | −0.074% | $8.8M | $7.4M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3462 | +0.067% | $2.4M | $6.6M | 20x | as long as short |
Variational Omni STX
Injective STX/USDC PERP
gTrade (Gains Network) STX/USD
BloFin STX-USDT
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate STX_USDT | +0.0100% | 8h | 0.3458 | −0.048% | $605K | $441K | 50x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3462 | +0.067% | $6.4M | $1.4M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3460 | +0.010% | $2.5M | $1.7M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3458 | −0.048% | $5.0M | $1.8M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3462 | +0.067% | — | $15.8M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3460 | +0.010% | $58K | $678K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3460 | +0.020% | $182K | $585K | 10x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3467 | +0.218% | $5K | — | 100x | as long as short |
Gate STX_USDT
MEXC STX_USDT
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
GMX STX/USD [WBTC.b-USDC]