Funding you earn now, next payment 23:00 UTC+0.0003%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.032%
Price spread now: Hyperliquid against Kraken Futures−0.031%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$980.976% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 3 days (all we have)−0.306%−$31 · spread now −0.031%, 7d avg −0.023%
=Together, before fees−0.256%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SUSHIUSD | 0.2538 | 0.0097 | pay 0.0012% / 1h | 22m 02s | $762K | $75K | 20x |
| Short | Hyperliquid SUSHI | 0.2537 | 0.0100 | get 0.0013% / 1h | 22m 02s | $355K | $405K | 3x |
Kraken Futures PF_SUSHIUSD
Hyperliquid SUSHIFunding 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
- $0.72
- Price spread: −0.031% → −0.023%
- −$0.8
- Slippage, 4 orders
- −$78.57
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$97.66
- Costs to cover
- 0.976%
- Break-even
- 955.3 days
Slippage from Kraken Futures: live order book, 61 min ago; Hyperliquid: live order book, 48 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, 61 min ago | 15.72 bp | 34.6 bp −$35 | 2637.7 bp −$26.4K | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 48 min ago | 2.38 bp | 19.9 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
SUSHI on 15 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 SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +0.268% | $16 | $18K | 5.5x | as long as short |
| Bitget SUSHIUSDT | +0.0057% | 8h | 0.2537 | −0.047% | $993K | $701K | 50x | as long as short |
| Kraken Futures PF_SUSHIUSDlong | +0.0097% | 1h | 0.2538 | long leg | $762K | $75K | 20x | |
| Hyperliquid SUSHIshort | +0.0100% | 1h | 0.2537 | −0.031% | $355K | $405K | 3x | |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2536 | −0.103% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2536 | −0.083% | $3.9M | $9.1M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2535 | −0.142% | $2.6M | $2.5M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2539 | +0.032% | $1.6M | $3.1M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2536 | −0.087% | $564K | $298K | 50x | as long as short |
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2536 | −0.087% | $1.3M | $353K | 75x | as long as short |
Injective SUSHI/USDC PERP
Bitget SUSHIUSDT
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDT
MEXC SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2536 | −0.087% | $1.2M | $236K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2535 | −0.126% | — | $2.5M | — | as long as short |
| Variational Omni SUSHI | +0.0100% | 8h | 0.2529 | −0.375% | $41K | $14K | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2539 | +0.032% | $85K | $59K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0117% | 8h | 0.2532 | −0.244% | $213K | $65K | 75x | as long as short |
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
Variational Omni SUSHI
HTX SUSHI-USDT
BloFin SUSHI-USDT