Funding you earn now, next payment 07:00 UTC−0.0659%/8h= −72.2% APRpaid last 24h −0.104%
Price spread now: Kalshi against Hyperliquid+0.015%7-day average −0.203% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$420.416% of the position
Funding, last 7 days−0.365%−$37 on $10k
+Price spread, last 7 days−0.182%−$18 · spread now +0.015%, 7d avg −0.203%
=Together, before fees−0.548%+ Points / potential airdropHyperliquid: Season 2 · farm board−$55 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kalshi is 0.219% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.015% now, against its 7-day average of −0.203%): +$22 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 27 hours. At the pace of the last 7 days (−0.365% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.365% in total (about -19.1% a year). A funding rate is set anew for every payment. 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 WLD | 0.4526 | 0.0659 | pay 0.0082% / 1h | 38m 59s | $49.6M | $44.2M | 10x |
| Short | Kalshi KXWLDPERP | 0.4527 | 0 | get 0.0000% / 8h | 5h 38m | $55K | $4.8M | 1.7x |
Hyperliquid WLD
Kalshi KXWLDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- −$138.38
- Price spread: +0.015% → −0.203%
- $21.87
- Slippage, 4 orders
- −$22.56
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$158.07
- Costs to cover
- 0.416%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Kalshi: live order book, 5 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 | 0.66 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 5 min ago | 5.51 bp | 13.4 bp −$13 | 20.1 bp −$201 | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX WLD-USD | 0.0000% | 1h | 0.4521 | −0.115% | $154K | $33K | 10x | as long as short |
| Kalshi KXWLDPERPshort | 0.0000% | 8h | 0.4527 | +0.015% | $55K | $4.8M | 1.7x | |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4524 | −0.051% | $150K | $1.0M | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4521 | −0.119% | $65K | — | 150x | as long as short |
| Nado WLD-PERP | +0.0018% | 1h | 0.4521 | −0.106% | $238K | $170K | 5x | as long as short |
| KuCoin WLDUSDTM | +0.0080% | 8h | 0.4521 | −0.117% | $6.7M | $11.9M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0099% | 8h | 0.4521 | −0.117% | $27K | $787K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4523 | −0.072% | $226K | $1.1M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4519 | −0.166% | $50K | $541K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4523 | −0.073% | $86.3M | $340.3M | 75x | as long as short |
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Nado WLD-PERP
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4520 | −0.139% | $64.6M | $91.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4521 | −0.117% | $34.2M | $154.6M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4520 | −0.139% | $7.1M | $36.2M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4522 | −0.095% | $40.0M | $56.9M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4521 | −0.117% | $29.8M | $31.4M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4521 | −0.117% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4522 | −0.095% | $134K | $300K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4533 | +0.142% | $2.1M | $1.6M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4537 | +0.229% | $27K | $319K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4534 | +0.179% | $599K | $2.0M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4539 | +0.281% | $48K | $240K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4522 | −0.102% | $56K | $2.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4528 | +0.038% | $22K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4523 | −0.073% | $213 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4518 | −0.183% | $826K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4526 | −0.007% | $1.8M | $3.6M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4521 | −0.120% | $208K | $1.0M | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4523 | −0.062% | $31K | $500 | 3x | as long as short |
| Lighter WLD | +0.0128% | 1h | 0.4530 | +0.077% | $4.9M | $2.9M | 10x | as long as short |
| Injective WLD/USDC PERP | +0.0132% | 1h | 0.4581 | +1.208% | $6K | $185K | 5.5x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4521 | −0.122% | — | — | 20x | as long as short |
| 01 Exchange WLDUSD | +0.0136% | 1h | 0.4524 | −0.057% | $324 | $55 | 5x | as long as short |
| Phoenix WLD | +0.0158% | 1h | 0.4535 | +0.181% | $5K | $44K | 10x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0219% / S −0.0967% | 1h | 0.4523 | −0.083% | $4K | — | 100x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4521 | −0.117% | $4.8M | $933K | 75x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0488% | 1h | 0.4541 | +0.325% | $274K | $1.7M | 50x | as long as short |
| Hyperliquid WLDlong | +0.0659% | 1h | 0.4526 | long leg | $49.6M | $44.2M | 10x | |
| Kraken Futures PF_WLDUSD | +0.1046% | 1h | 0.4525 | −0.028% | $869K | $2.9M | 50x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Lighter WLD
Injective WLD/USDC PERP
Reya WLDRUSDPERP
01 Exchange WLDUSD
Phoenix WLD
GMX WLD/USD [ETH-USDC]
BloFin WLD-USDT
Coinbase International WLD-PERP-INTX
Kraken Futures PF_WLDUSD