Funding you earn now, next payment 06:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h +0.221%
Price spread now: Hyperliquid against Kraken Futures−0.028%7-day average +0.061% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.368%−$37 on $10k
+Price spread, last 4 days (all we have)+0.236%+$24 · spread now −0.028%, 7d avg +0.061%
=Together, before fees−0.132%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.089% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.061%). If the spread goes back, that is −$9 on $10k: about 21 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.368%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USUALUSD | 0.01382 | 0.0086 | pay 0.0011% / 1h | 41m 19s | $109K | $19K | 10x |
| Short | Hyperliquid USUAL | 0.01382 | 0.0100 | get 0.0013% / 1h | 41m 19s | $394K | $190K | 3x |
Kraken Futures PF_USUALUSD
Hyperliquid USUALFunding 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
- $3.02
- Price spread: −0.028% → +0.061%
- −$8.88
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$24.87
- Costs to cover
- 0.190%
- Break-even
- 64.7 days
Slippage unknown: Kraken Futures: live order book, 6 min ago; Hyperliquid: live order book, 29 min ago. Net counts fees only.
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, 6 min ago | 38.80 bp | 43.8 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 29 min ago | 3.61 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 USUAL/USDC PERP | −0.3949% | 1h | 0.01365 | −1.258% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSDlong | +0.0086% | 1h | 0.01382 | long leg | $109K | $19K | 10x | |
| Hyperliquid USUALshort | +0.0100% | 1h | 0.01382 | −0.028% | $394K | $190K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01381 | −0.115% | $2.2M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01386 | +0.232% | $1.0M | $785K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01386 | +0.261% | $937K | $109K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01383 | +0.044% | $6.1M | $256K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01383 | +0.044% | $254K | $62K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01384 | +0.116% | $801K | $409K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01385 | +0.160% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01394 | +0.873% | $10K | $1K | — | as long as short |
Variational Omni USUAL