Funding you earn now, next payment 09:00 UTC+0.0571%/8h= +62.6% APRnext payment +$0.71 per $10,000 · paid last 24h +0.001%
Price spread now: Kraken Futures against Hyperliquid+0.011%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$570.565% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.011%, 7d avg −0.053%
=Together, before fees+0.109%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.064% dearer against Hyperliquid than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.053%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.71 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 CRV | 0.3559 | 0.0100 | pay 0.0013% / 1h | 30m 53s | $20.9M | $16.8M | 10x |
| Short | Kraken Futures PF_CRVUSD | 0.3559 | 0.0671 | get 0.0084% / 1h | 30m 53s | $3.0M | $2.8M | 50x |
Hyperliquid CRV
Kraken Futures PF_CRVUSDFunding 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
- $120
- Price spread: +0.011% → −0.053%
- $6.41
- Slippage, 4 orders
- −$37.54
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $69.87
- Costs to cover
- 0.565%
- Break-even
- 2.9 days
Slippage from Hyperliquid: live order book, 12 min ago; Kraken Futures: live order book, 3 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, 12 min ago | 0.98 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 4.21 bp | 21.3 bp −$21 | 43.6 bp −$436 | doesn't fit | doesn't fit |
CRV on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | −0.0359% | 8h | 0.3549 | −0.270% | $26.7M | $19.7M | 75x | as long as short |
| Backpack CRV_USDC_PERP | −0.0070% | 1h | 0.3557 | −0.051% | $90K | $257K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3554 | −0.131% | $15 | — | 15x | as long as short |
| Variational Omni CRV | −0.0024% | 8h | 0.3567 | +0.234% | $1.1M | $94K | — | as long as short |
| Phoenix CRV | −0.0022% | 1h | 0.3570 | +0.323% | $25K | $190K | 10x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3554 | −0.117% | $40K | $13K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3555 | −0.101% | $53K | $46K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +3.130% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3555 | −0.110% | $373K | $682K | 10x | as long as short |
| Hyperliquid CRVlong | +0.0100% | 1h | 0.3559 | long leg | $20.9M | $16.8M | 10x |
Bybit CRVUSDT
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
Variational Omni CRV
Phoenix CRV
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Lighter CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CRVUSDT | +0.0100% | 8h | 0.3555 | −0.114% | $114K | $193K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3553 | −0.146% | $359K | $200K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3552 | −0.191% | $24.5M | $57.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3549 | −0.270% | $8.6M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3556 | −0.073% | $1.8M | $1.2M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3551 | −0.214% | $12.2M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3554 | −0.129% | $6.8M | $8.5M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3554 | −0.129% | $6.6M | $5.4M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3551 | −0.214% | — | $23.5M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3560 | +0.032% | $37K | $175K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3570 | +0.319% | $508K | $419K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3561 | +0.067% | $52K | $661K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3555 | −0.101% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3631 | +2.035% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3549 | −0.268% | $252K | $512K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3555 | −0.089% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3555 | −0.101% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0408% | 1h | 0.3556 | −0.073% | $349K | $4.3M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0413% / S −0.0177% | 1h | 0.3555 | −0.092% | $208K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0671% | 1h | 0.3559 | +0.011% | $3.0M | $2.8M | 50x |
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]