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: Hyperliquid against Kraken Futures−0.057%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as 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 for this trade now. Funding pays +$29 a day on $10k at the current rate, and Hyperliquid is 0.028% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.086%.
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 | Kraken Futures PF_COMPUSD | 22.465 | −0.0861 | get 0.0108% / 1h | 32m 50s | $236K | $62K | 20x |
| Short | Hyperliquid COMP | 22.452 | 0.0100 | get 0.0013% / 1h | 32m 50s | $843K | $494K | 5x |
Kraken Futures PF_COMPUSD
Hyperliquid COMPFunding 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
- $201.74
- Price spread: −0.057% → −0.086%
- $2.84
- Slippage, 4 orders
- −$101.44
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $84.13
- Costs to cover
- 1.204%
- Break-even
- 4.1 days
Slippage from Kraken Futures: live order book, 50 min ago; Hyperliquid: live order book, 47 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, 50 min ago | 13.98 bp | 39.9 bp −$40 | 464.0 bp −$4,640 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 47 min ago | 1.78 bp | 29.6 bp −$30 | doesn't fit | 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_COMPUSDlong | −0.0861% | 1h | 22.465 | long leg | $236K | $62K | 20x | |
| Deribit COMP_USDC-PERPETUAL | −0.0641% | 1h | 22.430 | −0.155% | $327 | $327 | 50x | as long as short |
| Injective COMP/USDC PERP | −0.0449% | 1h | 22.340 | −0.556% | $2K | $13K | 12x | as long as short |
| dYdX COMP-USD | 0.0000% | 1h | 22.417 | −0.212% | $68K | — | 5x | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0040% | 1h | 22.460 | −0.022% | $18K | $53K | 25x | as long as short |
| Hyperliquid COMPshort | +0.0100% | 1h | 22.452 | −0.057% | $843K | $494K | 5x | |
| Binance COMPUSDT | +0.0100% | 8h | 22.412 | −0.237% | $4.2M | $7.4M | 75x | as long as short |
| Bybit COMPUSDT | +0.0100% | 8h | 22.420 | −0.200% | $3.8M | $2.0M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.420 | −0.200% | $1.6M | $2.2M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.420 | −0.200% | $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 | −0.066% | $2.7M | $843K | 20x | as long as short |
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.450 | −0.066% | $453K | $94K | 30x | as long as short |
| Bitget COMPUSDT | +0.0100% | 8h | 22.420 | −0.200% | $1.9M | $673K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.420 | −0.200% | — | $36.4M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.402 | −0.278% | $15K | $37K | — | as long as short |
| BloFin COMP-USDT | +0.0111% | 8h | 22.440 | −0.111% | $236K | $149K | 20x | as long as short |
MEXC COMP_USDT
KuCoin COMPUSDTM
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
BloFin COMP-USDT