Funding you earn now, next payment 04:00 UTC+0.1365%/8h= +149.4% APRnext payment +$1.71 per $10,000 · paid last 24h +0.941%
Price spread now: Kraken Futures against Hyperliquid−0.078%7-day average +0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1181.176% of the position
Funding, last 7 days+0.755%+$75 on $10k
+Price spread, last 4 days (all we have)+0.369%+$37 · spread now −0.078%, 7d avg +0.096%
=Together, before fees+1.124%+ Points / potential airdropHyperliquid: Season 2 · farm board+$112 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.174% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.096%). If the spread goes back, that is −$17 on $10k: about 10 hours of funding at the current rate (+$41 a day). At the pace of the last 7 days (+0.755% in total) that is about 39 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.755% in total (about 39.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.71 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 | Hyperliquid ACE | 0.1749 | 0.0100 | pay 0.0013% / 1h | 42m 20s | $373K | $426K | 3x |
| Short | Kraken Futures PF_ACEUSD | 0.1748 | 0.1465 | get 0.0183% / 1h | 42m 20s | $45K | $658K | 10x |
Hyperliquid ACE
Kraken Futures PF_ACEUSDFunding 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
- $286.55
- Price spread: −0.078% → +0.096%
- −$17.42
- Slippage, 4 orders
- −$98.63
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $151.5
- Costs to cover
- 1.176%
- Break-even
- 3.3 days
Slippage from Hyperliquid: live order book, 48 min ago; Kraken Futures: live order book, 16 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, 48 min ago | 5.74 bp | 15.8 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 16 min ago | 4.00 bp | 18.6 bp −$19 | 107.8 bp −$1,078 | doesn't fit | doesn't fit |
ACE on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ACElong | +0.0100% | 1h | 0.1749 | long leg | $373K | $426K | 3x | |
| Aster ACEUSDT | +0.0100% | 4h | 0.1746 | −0.148% | $24K | $37K | 5x | as long as short |
| Binance ACEUSDT | +0.0100% | 4h | 0.1748 | −0.039% | $8.7M | $18.7M | 20x | as long as short |
| MEXC ACE_USDT | +0.0100% | 4h | 0.1748 | −0.040% | $14.1M | $784K | 20x | as long as short |
| KuCoin ACEUSDTM | +0.0100% | 4h | 0.1747 | −0.132% | $2.0M | $537K | 20x | as long as short |
| Bitget ACEUSDT | +0.0100% | 4h | 0.1749 | 0.000% | $1.6M | $2.2M | 10x | as long as short |
| Variational Omni ACE | +0.0100% | 4h | 0.1746 | −0.147% | $117K | $44K | — | as long as short |
| HTX ACE-USDT | +0.0100% | 4h | 0.1736 | −0.743% | $16K | $95K | 20x | as long as short |
| BloFin ACE-USDT | +0.0118% | 4h | 0.1743 | −0.343% | $466K | $74K | 20x | as long as short |
| BingX ACE-USDT | +0.0344% | 4h | 0.1749 | +0.011% | — | $1.4M | — | as long as short |
Aster ACEUSDT
Binance ACEUSDT
MEXC ACE_USDT
KuCoin ACEUSDTM
Bitget ACEUSDT
Variational Omni ACE
HTX ACE-USDT
BloFin ACE-USDT
BingX ACE-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ACEUSDT | +0.0372% | 4h | 0.1751 | +0.103% | $2.6M | $2.8M | 25x | as long as short |
| Gate ACE_USDT | +0.1100% | 4h | 0.1750 | +0.057% | $1.2M | $1.8M | 25x | as long as short |
| Kraken Futures PF_ACEUSDshort | +0.1465% | 1h | 0.1748 | −0.078% | $45K | $658K | 10x |
Bybit ACEUSDT
Gate ACE_USDT