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: Hyperliquid against Kraken Futures+0.078%7-day average −0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as 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
The price spread pays, funding is against you. Hyperliquid is 0.174% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.096%): +$17 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 10 hours. 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 | Kraken Futures PF_ACEUSD | 0.1748 | 0.1465 | pay 0.0183% / 1h | 42m 06s | $45K | $658K | 10x |
| Short | Hyperliquid ACE | 0.1749 | 0.0100 | get 0.0013% / 1h | 42m 06s | $373K | $426K | 3x |
Kraken Futures PF_ACEUSD
Hyperliquid ACEFunding 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
- −$286.55
- Price spread: +0.078% → −0.096%
- $17.42
- Slippage, 4 orders
- −$98.63
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$386.76
- Costs to cover
- 1.176%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 16 min ago; Hyperliquid: live order book, 48 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, 16 min ago | 4.00 bp | 65.7 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 48 min ago | 5.74 bp | 17.5 bp −$17 | doesn't fit | 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 ACEshort | +0.0100% | 1h | 0.1749 | +0.078% | $373K | $426K | 3x | |
| Aster ACEUSDT | +0.0100% | 4h | 0.1746 | −0.069% | $24K | $37K | 5x | as long as short |
| Binance ACEUSDT | +0.0100% | 4h | 0.1749 | +0.095% | $8.7M | $18.7M | 20x | as long as short |
| MEXC ACE_USDT | +0.0100% | 4h | 0.1748 | +0.038% | $14.1M | $784K | 20x | as long as short |
| KuCoin ACEUSDTM | +0.0100% | 4h | 0.1747 | −0.059% | $2.0M | $537K | 20x | as long as short |
| Bitget ACEUSDT | +0.0100% | 4h | 0.1749 | +0.078% | $1.6M | $2.2M | 10x | as long as short |
| Variational Omni ACE | +0.0100% | 4h | 0.1746 | −0.069% | $117K | $44K | — | as long as short |
| HTX ACE-USDT | +0.0100% | 4h | 0.1736 | −0.665% | $16K | $95K | 20x | as long as short |
| BloFin ACE-USDT | +0.0118% | 4h | 0.1743 | −0.265% | $466K | $74K | 20x | as long as short |
| BingX ACE-USDT | +0.0344% | 4h | 0.1750 | +0.159% | — | $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 | +0.204% | $2.6M | $2.8M | 25x | as long as short |
| Gate ACE_USDT | +0.1100% | 4h | 0.1751 | +0.193% | $1.2M | $1.8M | 25x | as long as short |
| Kraken Futures PF_ACEUSDlong | +0.1465% | 1h | 0.1748 | long leg | $45K | $658K | 10x |
Bybit ACEUSDT
Gate ACE_USDT