Funding you earn now, next payment 22:00 UTC+0.0284%/8h= +31.1% APRnext payment +$0.35 per $10,000 · paid last 24h +0.111%
Price spread now: Kraken Futures against Hyperliquid−0.063%7-day average −0.025% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.063%, 7d avg −0.025%
=Together, before fees+0.137%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.037% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of −0.025%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.157% in total) that is about 40 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.157% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.35 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 HBAR | 0.09195 | 0.0100 | pay 0.0013% / 1h | 0m 21s | $8.8M | $2.9M | 5x |
| Short | Kraken Futures PF_HBARUSD | 0.09190 | 0.0384 | get 0.0048% / 1h | 0m 21s | $1.4M | $2.3M | 50x |
Hyperliquid HBAR
Kraken Futures PF_HBARUSDFunding 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
- $59.6
- Price spread: −0.063% → −0.025%
- −$3.75
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $36.85
- Costs to cover
- 0.190%
- Break-even
- 2.7 days
Slippage unknown: Hyperliquid: live order book, 2 min ago; Kraken Futures: live order book, 3 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 Hyperliquid live order book, 2 min ago | 0.49 bp | 8.6 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 6.53 bp | 12.3 bp −$12 | 16.6 bp −$166 | doesn't fit | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | −0.0038% | 8h | 0.09185 | −0.113% | $2.4M | $3.6M | 75x | as long as short |
| KuCoin HBARUSDTM | −0.0019% | 8h | 0.09178 | −0.189% | $7.3M | $7.9M | 75x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09187 | −0.091% | $506K | $151K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09185 | −0.113% | $8K | — | 150x | as long as short |
| Variational Omni HBAR | +0.0048% | 8h | 0.09185 | −0.112% | $1.0M | $197K | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0055% | 1h | 0.09187 | −0.091% | $31K | $103K | 15x | as long as short |
| Extended HBAR-USD | +0.0072% | 1h | 0.09179 | −0.179% | $51K | $220K | 10x | as long as short |
| MEXC HBAR_USDT | +0.0072% | 8h | 0.09180 | −0.167% | $24.2M | $22.9M | 200x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0072% | 1h | 0.09185 | −0.113% | $221K | $2.2M | 50x | as long as short |
| Binance HBARUSDT | +0.0073% | 8h | 0.09180 | −0.167% | $34.5M | $110.6M | 75x | as long as short |
Gate HBAR_USDT
KuCoin HBARUSDTM
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Variational Omni HBAR
Backpack HBAR_USDC_PERP
Extended HBAR-USD
MEXC HBAR_USDT
Coinbase International HBAR-PERP-INTX
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HBAR_USDC | +0.0076% | 8h | 0.09180 | −0.167% | $2K | $16K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09179 | −0.178% | $563K | $590K | 5x | as long as short |
| Hyperliquid HBARlong | +0.0100% | 1h | 0.09195 | long leg | $8.8M | $2.9M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09181 | −0.157% | $209K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09180 | −0.167% | $32.7M | $37.0M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09180 | −0.167% | $6.8M | $24.6M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09185 | −0.113% | $16.9M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09182 | −0.146% | — | $5.9M | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09162 | −0.359% | $373K | $2.1M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09169 | −0.287% | $147K | $710K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09179 | −0.178% | $426 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09206 | +0.115% | $72K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09181 | −0.157% | $2.2M | $2.1M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0192% | 8h | 0.09187 | −0.091% | $1.4M | $5.5M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0311% | 1h | 0.09234 | +0.420% | $2K | $112K | 12x | as long as short |
| Kraken Futures PF_HBARUSDshort | +0.0384% | 1h | 0.09190 | −0.063% | $1.4M | $2.3M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0445% / S −0.0478% | 1h | 0.09184 | −0.121% | $103K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.3765% | 1h | 0.09191 | −0.044% | $30K | $4K | 5x | as long as short |
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD