Funding you earn now, next payment 02:00 UTC−0.0274%/8h= −30.1% APRnext payment −$0.34 per $10,000 · paid last 24h −0.039%
Price spread now: Hyperliquid against Kraken Futures−0.104%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$700.701% of the position
Funding, last 7 days−0.203%−$20 on $10k
+Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.104%, 7d avg +0.004%
=Together, before fees−0.147%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Hyperliquid is 0.108% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SEIUSD | 0.05988 | 0.0374 | pay 0.0047% / 1h | 2m 38s | $377K | $1.6M | 50x |
| Short | Hyperliquid SEI | 0.05982 | 0.0100 | get 0.0013% / 1h | 2m 38s | $3.4M | $5.9M | 5x |
Kraken Futures PF_SEIUSD
Hyperliquid SEIFunding 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
- −$57.64
- Price spread: −0.104% → +0.004%
- −$10.8
- Slippage, 4 orders
- −$51.05
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$138.49
- Costs to cover
- 0.701%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 6 min ago; Hyperliquid: live order book, 9 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, 6 min ago | 7.54 bp | 15.2 bp −$15 | 50.6 bp −$506 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.75 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
SEI on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SEI/USD [ETH-USDC] | L −0.0815% / S +0.0444% | 1h | 0.05977 | −0.177% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0121% | 8h | 0.05954 | −0.559% | $318K | $200K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.05982 | −0.106% | — | — | 150x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0048% | 1h | 0.05977 | −0.182% | $34K | $207K | 50x | as long as short |
| Deribit SEI_USDC-PERPETUAL | +0.0084% | 1h | 0.05986 | −0.032% | $10K | $72K | 25x | as long as short |
| Lighter SEI | +0.0096% | 1h | 0.05981 | −0.116% | $271K | $1.2M | 10x | as long as short |
| Hyperliquid SEIshort | +0.0100% | 1h | 0.05982 | −0.104% | $3.4M | $5.9M | 5x | |
| Aster SEIUSDT | +0.0100% | 8h | 0.05979 | −0.147% | $313K | $354K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.05978 | −0.166% | $14.3M | $128.1M | 75x | as long as short |
| Bybit SEIUSDT | +0.0100% | 8h | 0.05977 | −0.182% | $14.2M | $35.8M | 50x | as long as short |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Coinbase International SEI-PERP-INTX
Deribit SEI_USDC-PERPETUAL
Lighter SEI
Aster SEIUSDT
Binance SEIUSDT
Bybit SEIUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05979 | −0.149% | $3.2M | $39.7M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05979 | −0.149% | $1.1M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05978 | −0.166% | $34.5M | $28.7M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05981 | −0.116% | $6.4M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05985 | −0.049% | $9.5M | $16.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05981 | −0.116% | — | $31.2M | — | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05959 | −0.483% | $210K | $1.7M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05970 | −0.299% | $109K | $664K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05986 | −0.032% | $2K | $97K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05992 | +0.068% | $23K | $4.4M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05983 | −0.086% | $77K | $546K | 25x | as long as short |
| Backpack SEI_USDC_PERP | +0.0131% | 1h | 0.05982 | −0.099% | $119K | $569K | 10x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05981 | −0.115% | $114 | — | 20x | as long as short |
| Kraken Futures PF_SEIUSDlong | +0.0374% | 1h | 0.05988 | long leg | $377K | $1.6M | 50x | |
| dYdX SEI-USD | +0.0790% | 1h | 0.05975 | −0.209% | $102K | $2K | 5x | as long as short |
| Injective SEI/USDC PERP | +0.0844% | 1h | 0.05985 | −0.049% | $9K | $43K | 12x | as long as short |
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Backpack SEI_USDC_PERP
Reya SEIRUSDPERP
dYdX SEI-USD
Injective SEI/USDC PERP