Funding you earn now, next payment 01:00 UTC−0.0437%/8h= −47.8% APRnext payment −$0.55 per $10,000 · paid last 24h −0.045%
Price spread now: Kraken Futures against Hyperliquid−0.378%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$530.532% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 3 days (all we have)+0.463%+$46 · spread now −0.378%, 7d avg −0.056%
=Together, before fees+0.460%+ Points / potential airdropHyperliquid: Season 2 · farm board+$46 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Kraken Futures is 0.322% cheaper against Hyperliquid than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.55 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 WLD | 0.4680 | 0.0760 | pay 0.0095% / 1h | 33m 11s | $52.1M | $43.5M | 10x |
| Short | Kraken Futures PF_WLDUSD | 0.4662 | 0.0323 | get 0.0040% / 1h | 33m 11s | $915K | $2.7M | 50x |
Hyperliquid WLD
Kraken Futures PF_WLDUSDFunding 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
- −$91.69
- Price spread: −0.378% → −0.056%
- −$32.21
- Slippage, 4 orders
- −$34.17
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$177.07
- Costs to cover
- 0.532%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Kraken Futures: live order book, 6 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, 10 min ago | 1.30 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 7.55 bp | 19.9 bp −$20 | 30.5 bp −$305 | 1065.4 bp −$106.5K | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERP | −0.0181% | 8h | 0.4664 | −0.338% | $38K | $3.9M | 1.7x | as long as short |
| Phemex WLDUSDT | −0.0057% | 8h | 0.4656 | −0.509% | $1.9M | $3.7M | 50x | as long as short |
| Nado WLD-PERP | −0.0033% | 1h | 0.4672 | −0.172% | $280K | $170K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0015% | 8h | 0.4658 | −0.466% | $7.0M | $11.1M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4680 | +0.010% | $167K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4659 | −0.444% | $134K | $871K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4661 | −0.399% | $57K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4659 | −0.444% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0043% | 8h | 0.4659 | −0.444% | $28K | $903K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4676 | −0.084% | $195K | $961K | 50x | as long as short |
Kalshi KXWLDPERP
Phemex WLDUSDT
Nado WLD-PERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Injective WLD/USDC PERP
Orderly PERP_WLD_USDC
Aster WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica WLD | +0.0100% | 1h | 0.4681 | +0.018% | $55K | $482K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4665 | −0.316% | $88.7M | $305.0M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4665 | −0.316% | $67.2M | $82.2M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4665 | −0.316% | $35.2M | $146.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4660 | −0.423% | $7.6M | $35.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4665 | −0.316% | $48.1M | $53.8M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4664 | −0.338% | $31.0M | $26.3M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4661 | −0.402% | — | $67.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4675 | −0.111% | $139K | $280K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4660 | −0.428% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4654 | −0.545% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4662 | −0.380% | $616K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4642 | −0.808% | $55K | $229K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4674 | −0.118% | $56K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4663 | −0.359% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4659 | −0.444% | $218 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4653 | −0.573% | $865K | $1.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4658 | −0.476% | $220K | $863K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4661 | −0.412% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4671 | −0.193% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4629 | −1.083% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4658 | −0.466% | $4.9M | $865K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0234% / S −0.1403% | 1h | 0.4661 | −0.398% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4673 | −0.137% | $334 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSDshort | +0.0323% | 1h | 0.4662 | −0.378% | $915K | $2.7M | 50x | |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4668 | −0.252% | $276K | $1.7M | 50x | as long as short |
| Hyperliquid WLDlong | +0.0760% | 1h | 0.4680 | long leg | $52.1M | $43.5M | 10x | |
| Lighter WLD | +0.0928% | 1h | 0.4669 | −0.227% | $5.3M | $2.0M | 10x | as long as short |
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Extended WLD-USD
Aevo WLD-PERP
Reya WLDRUSDPERP
Phoenix WLD
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Lighter WLD