Funding you earn now, next payment 09:00 UTC−0.0251%/8h= −27.5% APRnext payment −$0.31 per $10,000 · paid last 24h −0.021%
Price spread now: Hyperliquid against Kraken Futures+0.001%50s7-day average +0.023% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)−0.418%−$42 · spread now +0.001%, 7d avg +0.023%
=Together, before fees−0.456%+ Points / potential airdropHyperliquid: Season 2 · farm board−$46 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Hyperliquid is 0.021% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 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_APEUSD | 0.1488 | 0.0351 | pay 0.0044% / 1h | 0m 23s | $407K | $698K | 20x |
| Short | Hyperliquid APE | 0.1488 | 0.0100 | get 0.0013% / 1h | 0m 23s | $1.3M | $362K | 5x |
Kraken Futures PF_APEUSD
Hyperliquid APEFunding 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
- −$52.7
- Price spread: +0.001% → +0.023%
- −$2.12
- 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
- −$73.82
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 33 min ago; Hyperliquid: live order book, 10 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, 33 min ago | 10.26 bp | 45.2 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.69 bp | 17.6 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
APE on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1487 | −0.060% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −17.006% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1487 | −0.073% | $1K | $23K | 25x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −7.397% | $1K | $12K | 5.5x | as long as short |
| dYdX APE-USD | +0.0060% | 1h | 0.1485 | −0.179% | $9K | — | 5x | as long as short |
| Hyperliquid APEshort | +0.0100% | 1h | 0.1488 | +0.001% | $1.3M | $362K | 5x | |
| Aster APEUSDT | +0.0100% | 8h | 0.1487 | −0.095% | $124K | $20K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1487 | −0.080% | $4.2M | $7.2M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1486 | −0.126% | $3.7M | $2.9M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1487 | −0.066% | $1.3M | $1.6M | 20x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Deribit APE_USDC-PERPETUAL
Injective APE/USDC PERP
dYdX APE-USD
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDT
OKX APE-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate APE_USDT | +0.0100% | 8h | 0.1487 | −0.093% | $642K | $313K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1486 | −0.140% | $4.3M | $770K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1487 | −0.073% | $1.9M | $4.2M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1486 | −0.140% | $2.1M | $618K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1486 | −0.140% | — | $13.0M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1484 | −0.246% | $5K | $14K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1486 | −0.168% | $4K | $211K | 10x | as long as short |
| BloFin APE-USDT | +0.0135% | 8h | 0.1486 | −0.140% | $218K | $60K | 75x | as long as short |
| Kraken Futures PF_APEUSDlong | +0.0351% | 1h | 0.1488 | long leg | $407K | $698K | 20x | |
| Coinbase International APE-PERP-INTX | +0.1104% | 1h | 0.1492 | +0.263% | $100K | $8K | 25x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
BloFin APE-USDT
Coinbase International APE-PERP-INTX