Funding you earn now, next payment 23:00 UTC−0.0961%/8h= −105.2% APRnext payment −$1.20 per $10,000 · paid last 24h −0.060%
Price spread now: Kraken Futures against Hyperliquid+0.057%7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1201.204% of the position
Funding, last 7 days−0.282%−$28 on $10k
+Price spread, last 3 days (all we have)+0.022%+$2 · spread now +0.057%, 7d avg +0.086%
=Together, before fees−0.260%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Kraken Futures is 0.028% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.086%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.282% in total (about -14.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 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 COMP | 22.452 | 0.0100 | pay 0.0013% / 1h | 32m 58s | $843K | $494K | 5x |
| Short | Kraken Futures PF_COMPUSD | 22.465 | −0.0861 | pay 0.0108% / 1h | 32m 58s | $236K | $62K | 20x |
Hyperliquid COMP
Kraken Futures PF_COMPUSDFunding 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
- −$201.74
- Price spread: +0.057% → +0.086%
- −$2.84
- Slippage, 4 orders
- −$101.44
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$325.01
- Costs to cover
- 1.204%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 47 min ago; Kraken Futures: live order book, 50 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, 47 min ago | 1.78 bp | 13.9 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 50 min ago | 13.98 bp | 37.0 bp −$37 | 104.0 bp −$1,040 | doesn't fit | doesn't fit |
COMP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COMPUSDshort | −0.0861% | 1h | 22.465 | +0.057% | $236K | $62K | 20x | |
| Deribit COMP_USDC-PERPETUAL | −0.0641% | 1h | 22.430 | −0.098% | $327 | $327 | 50x | as long as short |
| Injective COMP/USDC PERP | −0.0449% | 1h | 22.340 | −0.499% | $2K | $13K | 12x | as long as short |
| dYdX COMP-USD | 0.0000% | 1h | 22.417 | −0.155% | $68K | — | 5x | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0040% | 1h | 22.460 | +0.036% | $18K | $53K | 25x | as long as short |
| Hyperliquid COMPlong | +0.0100% | 1h | 22.452 | long leg | $843K | $494K | 5x | |
| Binance COMPUSDT | +0.0100% | 8h | 22.412 | −0.180% | $4.2M | $7.4M | 75x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.420 | −0.143% | $3.8M | $2.0M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.420 | −0.143% | $1.6M | $2.2M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.420 | −0.143% | $219K | $78K | 25x | as long as short |
Deribit COMP_USDC-PERPETUAL
Injective COMP/USDC PERP
dYdX COMP-USD
Coinbase International COMP-PERP-INTX
Binance COMPUSDT
Bybit COMPUSDT
OKX COMP-USDT-SWAP
Gate COMP_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC COMP_USDT | +0.0100% | 8h | 22.450 | −0.009% | $2.7M | $843K | 20x | as long as short |
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.450 | −0.009% | $453K | $94K | 30x | as long as short |
| Bitget COMPUSDT | +0.0100% | 8h | 22.420 | −0.143% | $1.9M | $673K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.420 | −0.143% | — | $36.4M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.402 | −0.221% | $15K | $37K | — | as long as short |
| BloFin COMP-USDT | +0.0111% | 8h | 22.440 | −0.053% | $236K | $149K | 20x | as long as short |
MEXC COMP_USDT
KuCoin COMPUSDTM
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
BloFin COMP-USDT