Funding you earn now, next payment 11:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.02 per $10,000 · paid last 24h +0.038%
Price spread now: Hyperliquid against Kraken Futures+0.318%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$820.825% of the position
Funding, last 7 days−0.335%−$34 on $10k
+Price spread, last 4 days (all we have)−0.592%−$59 · spread now +0.318%, 7d avg +0.040%
=Together, before fees−0.927%+ Points / potential airdropHyperliquid: Season 2 · farm board−$93 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.278% dearer against Kraken Futures than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.335%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TIAUSD | 0.4350 | 0.0083 | pay 0.0010% / 1h | 7m 43s | $352K | $253K | 50x |
| Short | Hyperliquid TIA | 0.4364 | 0.0100 | get 0.0013% / 1h | 7m 43s | $4.6M | $1.7M | 5x |
Kraken Futures PF_TIAUSD
Hyperliquid TIAFunding 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
- $3.59
- Price spread: +0.318% → +0.040%
- $27.81
- Slippage, 4 orders
- −$63.49
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$51.09
- Costs to cover
- 0.825%
- Break-even
- 106.6 days
Slippage from Kraken Futures: live order book, 38 min ago; Hyperliquid: live order book, 7 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, 38 min ago | 10.31 bp | 19.5 bp −$19 | 54.7 bp −$547 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.12 bp | 17.2 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
TIA on 27 exchanges
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 TIA/USD [ETH-USDC] | L −0.6754% / S +0.0274% | 1h | 0.4344 | −0.140% | $5K | — | 100x | as long as short |
| Injective TIA/USDC PERP | −0.0275% | 1h | 0.4374 | +0.541% | $83K | $165K | 12x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4355 | +0.104% | $32K | $20K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4351 | +0.004% | $1K | — | 150x | as long as short |
| Bybit TIAUSDT | +0.0072% | 4h | 0.4354 | +0.081% | $9.6M | $15.0M | 50x | as long as short |
| Kraken Futures PF_TIAUSDlong | +0.0083% | 1h | 0.4350 | long leg | $352K | $253K | 50x | |
| Lighter TIA | +0.0096% | 1h | 0.4361 | +0.233% | $156K | $483K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0097% | 4h | 0.4352 | +0.035% | $6K | $173K | 10x | as long as short |
| Hyperliquid TIAshort | +0.0100% | 1h | 0.4364 | +0.318% | $4.6M | $1.7M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4356 | +0.119% | $24K | $276K | 10x | as long as short |
GMX TIA/USD [ETH-USDC]
Injective TIA/USDC PERP
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Bybit TIAUSDT
Lighter TIA
Orderly PERP_TIA_USDC
Aster TIAUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance TIAUSDT | +0.0100% | 4h | 0.4356 | +0.134% | $13.9M | $52.3M | 75x | as long as short |
| OKX TIA-USDT-SWAP | +0.0100% | 4h | 0.4352 | +0.035% | $2.7M | $6.8M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4355 | +0.104% | $983K | $1.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4357 | +0.150% | $10.4M | $18.6M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4354 | +0.081% | $4.1M | $10.7M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4352 | +0.035% | $4.3M | $4.4M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4356 | +0.127% | — | $14.6M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4355 | +0.104% | $101K | $184K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4338 | −0.276% | $101K | $96K | — | as long as short |
| ApeX Omni TIAUSDT | +0.0100% | 1h | 0.4335 | −0.355% | $50K | $221K | 50x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4353 | +0.058% | $58K | $79K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4350 | −0.008% | $55K | $209K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4353 | +0.059% | $7K | — | 3x | as long as short |
| dYdX TIA-USD | +0.0132% | 1h | 0.4351 | +0.008% | $52K | $139 | 10x | as long as short |
| Reya TIARUSDPERP | +0.0183% | 1h | 0.4349 | −0.024% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4351 | +0.012% | $1.4M | $824K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0400% | 1h | 0.4357 | +0.150% | $52K | $108K | 50x | as long as short |
Binance TIAUSDT
OKX TIA-USDT-SWAP
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
Variational Omni TIA
ApeX Omni TIAUSDT
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
dYdX TIA-USD
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX