Funding you earn now, next payment 03:00 UTC+0.0310%/8h= +34.0% APRnext payment +$0.39 per $10,000 · paid last 24h −0.030%
Price spread now: Kraken Futures against Hyperliquid+0.180%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)−0.607%−$61 · spread now +0.180%, 7d avg +0.038%
=Together, before fees−0.583%+ Points / potential airdropHyperliquid: Season 2 · farm board−$58 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.142% dearer against Hyperliquid than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.39 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 DOT | 1.1926 | 0.0100 | pay 0.0013% / 1h | 35m 28s | $5.4M | $3.5M | 10x |
| Short | Kraken Futures PF_DOTUSD | 1.1947 | 0.0410 | get 0.0051% / 1h | 35m 28s | $4.5M | $1.5M | 50x |
Hyperliquid DOT
Kraken Futures PF_DOTUSDFunding 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
- $65.13
- Price spread: +0.180% → +0.038%
- $14.17
- Slippage, 4 orders
- −$30.91
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $29.39
- Costs to cover
- 0.499%
- Break-even
- 3.8 days
Slippage from Hyperliquid: live order book, 6 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, 6 min ago | 0.84 bp | 10.4 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 3.36 bp | 15.3 bp −$15 | 29.3 bp −$293 | 117.9 bp −$11.8K | doesn't fit |
DOT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit DOT_USDC-PERPETUAL | −0.1755% | 1h | 1.1946 | +0.168% | $228K | $116K | 50x | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0376% | 1h | 1.1910 | −0.134% | $196K | $2.0M | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1951 | +0.209% | $259 | — | — | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1939 | +0.109% | $144K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1934 | +0.067% | $3K | — | 150x | as long as short |
| Injective DOT/USDC PERP | +0.0033% | 1h | 1.2020 | +0.788% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | +0.0085% | 8h | 1.1950 | +0.201% | $9.4M | $24.2M | 50x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1934 | +0.064% | $270K | $631K | 10x | as long as short |
| Hyperliquid DOTlong | +0.0100% | 1h | 1.1926 | long leg | $5.4M | $3.5M | 10x | |
| Aster DOTUSDT | +0.0100% | 8h | 1.1929 | +0.022% | $863K | $706K | 50x | as long as short |
Deribit DOT_USDC-PERPETUAL
Coinbase International DOT-PERP-INTX
Reya DOTRUSDPERP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
Lighter DOT
Aster DOTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0100% | 8h | 1.1942 | +0.137% | $44.0M | $85.0M | 75x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1950 | +0.201% | $24.6M | $19.0M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1940 | +0.117% | $6.7M | $11.7M | 75x | as long as short |
| MEXC DOT_USDT | +0.0100% | 8h | 1.1945 | +0.159% | $30.7M | $48.8M | 300x | as long as short |
| KuCoin DOTUSDTM | +0.0100% | 8h | 1.1950 | +0.201% | $6.5M | $9.2M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1944 | +0.151% | $22.8M | $14.8M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1951 | +0.210% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1943 | +0.143% | $93K | $131K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1933 | +0.060% | $543K | $58K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1897 | −0.243% | $35K | $334K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1902 | −0.204% | $227K | $427K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1930 | +0.034% | $8K | $23K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1932 | +0.050% | $2K | $1.3M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1896 | −0.252% | $259K | $242K | 75x | as long as short |
| Extended DOT-USD | +0.0104% | 1h | 1.1944 | +0.149% | $17K | $303K | 25x | as long as short |
| BloFin DOT-USDT | +0.0220% | 8h | 1.1901 | −0.210% | $2.2M | $863K | 75x | as long as short |
| Phemex DOTUSDT | +0.0296% | 8h | 1.1950 | +0.201% | $2.3M | $2.2M | 50x | as long as short |
| GMX DOT/USD [WBTC.b-USDC] | L +0.0302% / S −0.1012% | 1h | 1.1934 | +0.065% | $22K | — | 100x | as long as short |
| Kraken Futures PF_DOTUSDshort | +0.0410% | 1h | 1.1947 | +0.180% | $4.5M | $1.5M | 50x |
Binance DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
MEXC DOT_USDT
KuCoin DOTUSDTM
Bitget DOTUSDT
BingX DOT-USDC
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
Extended DOT-USD
BloFin DOT-USDT
Phemex DOTUSDT
GMX DOT/USD [WBTC.b-USDC]