Funding you earn now, next payment 22:00 UTC−0.0781%/8h= −85.5% APRnext payment −$0.98 per $10,000 · paid last 24h +0.067%
Price spread now: Hyperliquid against Kraken Futures+0.170%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$530.535% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 3 days (all we have)−0.687%−$69 · spread now +0.170%, 7d avg +0.064%
=Together, before fees−0.656%+ Points / potential airdropHyperliquid: Season 2 · farm board−$66 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.106% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of +0.064%): +$11 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.98 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_WLDUSD | 0.4564 | 0.1093 | pay 0.0137% / 1h | 49m 35s | $918K | $2.5M | 50x |
| Short | Hyperliquid WLD | 0.4572 | 0.0312 | get 0.0039% / 1h | 49m 35s | $47.5M | $40.4M | 10x |
Kraken Futures PF_WLDUSD
Hyperliquid WLDFunding 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
- −$163.98
- Price spread: +0.170% → +0.064%
- $10.59
- Slippage, 4 orders
- −$34.46
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$206.84
- Costs to cover
- 0.535%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Hyperliquid: live order book, 4 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, 4 min ago | 4.35 bp | 19.7 bp −$20 | 45.4 bp −$454 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.11 bp | 5.9 bp −$6 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0452% | 8h | 0.4572 | +0.179% | $33K | $3.8M | 1.7x | as long as short |
| Variational Omni WLD | −0.0055% | 8h | 0.4588 | +0.519% | $2.1M | $1.7M | — | as long as short |
| Orderly PERP_WLD_USDC | −0.0028% | 8h | 0.4569 | +0.113% | $28K | $920K | 10x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4561 | −0.062% | $156K | $6K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4569 | +0.113% | $154K | $785K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4567 | +0.067% | $57K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0014% | 8h | 0.4563 | −0.018% | $7.0M | $10.7M | 50x | as long as short |
| ApeX Omni WLDUSDT | +0.0017% | 1h | 0.4600 | +0.792% | $55K | $226K | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0041% | 8h | 0.4556 | −0.172% | $34.5M | $136.9M | 50x | as long as short |
| Phoenix WLD | +0.0052% | 1h | 0.4597 | +0.735% | $5K | $52K | 10x | as long as short |
Kalshi KXWLDPERP
Variational Omni WLD
Orderly PERP_WLD_USDC
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
ApeX Omni WLDUSDT
OKX WLD-USDT-SWAP
Phoenix WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0072% | 8h | 0.4559 | −0.106% | $67.0M | $78.6M | 50x | as long as short |
| Nado WLD-PERP | +0.0074% | 1h | 0.4575 | +0.256% | $273K | $168K | 5x | as long as short |
| MEXC WLD_USDT | +0.0090% | 8h | 0.4559 | −0.106% | $53.0M | $46.6M | 300x | as long as short |
| Binance WLDUSDT | +0.0094% | 8h | 0.4560 | −0.091% | $87.1M | $290.0M | 75x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4569 | +0.105% | $209K | $977K | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4561 | −0.062% | $53K | $473K | 5x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4557 | −0.150% | $7.4M | $34.1M | 75x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4555 | −0.194% | $30.1M | $25.1M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4557 | −0.150% | — | $67.9M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4569 | +0.109% | $128K | $283K | 10x | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4599 | +0.773% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4607 | +0.945% | $624K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4582 | +0.394% | $56K | $1.7M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4580 | +0.354% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4562 | −0.040% | $197 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4568 | +0.091% | $860K | $1.7M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4562 | −0.040% | $1.9M | $3.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4557 | −0.146% | $133K | $745K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4568 | +0.093% | $31K | $5K | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4574 | +0.225% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0211% | 8h | 0.4579 | +0.332% | $5.0M | $879K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0222% / S −0.1831% | 1h | 0.4566 | +0.048% | $9K | — | 100x | as long as short |
| Hyperliquid WLDshort | +0.0312% | 1h | 0.4572 | +0.170% | $47.5M | $40.4M | 10x | |
| Injective WLD/USDC PERP | +0.0374% | 1h | 0.4622 | +1.274% | $6K | $139K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0400% | 1h | 0.4569 | +0.113% | $275K | $1.6M | 50x | as long as short |
| 01 Exchange WLDUSD | +0.0768% | 1h | 0.4586 | +0.477% | $328 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.1093% | 1h | 0.4564 | long leg | $918K | $2.5M | 50x | |
| Lighter WLD | +0.1128% | 1h | 0.4569 | +0.115% | $5.1M | $2.0M | 10x | as long as short |
Bybit WLDUSDT
Nado WLD-PERP
MEXC WLD_USDT
Binance WLDUSDT
Aster WLDUSDT
Pacifica WLD
Gate WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
edgeX WLDUSDC
GRVT WLD_USDT_Perp
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
01 Exchange WLDUSD
Lighter WLD