Funding you earn now, next payment 04:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h −0.064%
Price spread now: Kraken Futures against Hyperliquid−0.087%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$890.889% of the position
Funding, last 7 days+0.336%+$34 on $10k
+Price spread, last 4 days (all we have)+0.351%+$35 · spread now −0.087%, 7d avg −0.028%
=Together, before fees+0.686%+ Points / potential airdropHyperliquid: Season 2 · farm board+$69 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.060% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.028%). If the spread goes back, that is −$6 on $10k: about 3.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.336% in total) that is about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TIA | 0.4401 | 0.0100 | pay 0.0013% / 1h | 50m 39s | $4.7M | $1.5M | 5x |
| Short | Kraken Futures PF_TIAUSD | 0.4397 | 0.0165 | get 0.0021% / 1h | 50m 39s | $359K | $196K | 50x |
Hyperliquid TIA
Kraken Futures PF_TIAUSDFunding 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
- $13.66
- Price spread: −0.087% → −0.028%
- −$5.95
- Slippage, 4 orders
- −$69.9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$81.19
- Costs to cover
- 0.889%
- Break-even
- 48.6 days
Slippage from Hyperliquid: live order book, 1 min ago; Kraken Futures: live order book, 7 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, 1 min ago | 0.80 bp | 14.3 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 7 min ago | 23.93 bp | 32.2 bp −$32 | 75.0 bp −$750 | doesn't fit | doesn't fit |
TIA on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TIAUSDT | −0.0131% | 4h | 0.4384 | −0.391% | $9.6M | $13.4M | 50x | as long as short |
| Variational Omni TIA | −0.0085% | 4h | 0.4388 | −0.306% | $103K | $85K | — | as long as short |
| KuCoin TIAUSDTM | −0.0006% | 4h | 0.4386 | −0.345% | $4.2M | $9.1M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4395 | −0.141% | $31K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4395 | −0.144% | $1K | — | 150x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4391 | −0.236% | $155K | $417K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0100% | 4h | 0.4393 | −0.186% | $5K | $282K | 10x | as long as short |
| Hyperliquid TIAlong | +0.0100% | 1h | 0.4401 | long leg | $4.7M | $1.5M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4398 | −0.083% | $32K | $245K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4389 | −0.277% | $14.3M | $42.9M | 75x | as long as short |
Bybit TIAUSDT
Variational Omni TIA
KuCoin TIAUSDTM
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Lighter TIA
Orderly PERP_TIA_USDC
Aster TIAUSDT
Binance TIAUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4384 | −0.391% | $2.8M | $6.2M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4390 | −0.254% | $994K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4387 | −0.323% | $12.0M | $6.5M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4386 | −0.345% | $4.5M | $3.4M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4387 | −0.323% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4394 | −0.175% | $102K | $156K | 10x | as long as short |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4412 | +0.245% | $50K | $231K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4398 | −0.073% | $59K | $73K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4384 | −0.400% | $55K | $213K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4393 | −0.181% | $7K | — | 3x | as long as short |
| Kraken Futures PF_TIAUSDshort | +0.0165% | 1h | 0.4397 | −0.087% | $359K | $196K | 50x | |
| Reya TIARUSDPERP | +0.0180% | 1h | 0.4391 | −0.230% | $6K | — | 15x | as long as short |
| dYdX TIA-USD | +0.0196% | 1h | 0.4388 | −0.294% | $52K | $199 | 10x | as long as short |
| Injective TIA/USDC PERP | +0.0237% | 1h | 0.4405 | +0.086% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4391 | −0.232% | $1.6M | $717K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0384% | 1h | 0.4415 | +0.314% | $52K | $76K | 50x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0493% / S −0.1196% | 1h | 0.4396 | −0.125% | $40K | — | 100x | as long as short |
OKX TIA-USDT-SWAP
Gate TIA_USDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
dYdX TIA-USD
Injective TIA/USDC PERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX
GMX TIA/USD [ETH-USDC]