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: Hyperliquid against Kraken Futures+0.230%7-day average +0.056% · 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−$31as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 3 days (all we have)−0.315%−$31 · spread now +0.230%, 7d avg +0.056%
=Together, before fees−0.311%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hyperliquid is 0.173% dearer against Kraken Futures than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.056%.
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 | Kraken Futures PF_WLDUSD | 0.4662 | 0.0323 | pay 0.0040% / 1h | 33m 01s | $915K | $2.7M | 50x |
| Short | Hyperliquid WLD | 0.4673 | 0.0760 | get 0.0095% / 1h | 33m 01s | $52.0M | $43.5M | 10x |
Kraken Futures PF_WLDUSD
Hyperliquid WLDFunding 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
- $91.71
- Price spread: +0.230% → +0.056%
- $17.33
- Slippage, 4 orders
- −$29.57
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $60.47
- Costs to cover
- 0.486%
- Break-even
- 2.4 days
Slippage from Kraken Futures: live order book, 1 min ago; Hyperliquid: live order book, 10 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, 1 min ago | 6.42 bp | 17.7 bp −$18 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.30 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | 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 | +0.041% | $38K | $3.9M | 1.7x | as long as short |
| Phemex WLDUSDT | −0.0057% | 8h | 0.4656 | −0.131% | $1.9M | $3.7M | 50x | as long as short |
| Nado WLD-PERP | −0.0033% | 1h | 0.4672 | +0.207% | $280K | $170K | 5x | as long as short |
| KuCoin WLDUSDTM | −0.0015% | 8h | 0.4658 | −0.088% | $7.0M | $11.1M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4680 | +0.389% | $167K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4659 | −0.066% | $134K | $871K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4661 | −0.021% | $57K | — | 150x | as long as short |
| Injective WLD/USDC PERP | +0.0038% | 1h | 0.4659 | −0.066% | $6K | $185K | 5.5x | as long as short |
| Orderly PERP_WLD_USDC | +0.0043% | 8h | 0.4659 | −0.066% | $28K | $903K | 10x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4666 | +0.080% | $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 | +0.398% | $55K | $482K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4666 | +0.083% | $88.7M | $305.0M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4666 | +0.084% | $67.2M | $82.2M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4665 | +0.062% | $35.2M | $146.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4663 | +0.019% | $7.6M | $35.5M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4665 | +0.062% | $48.1M | $53.8M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4665 | +0.062% | $31.0M | $26.3M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4664 | +0.041% | — | $67.1M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4663 | +0.022% | $139K | $280K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4660 | −0.050% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4654 | −0.167% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4662 | −0.002% | $616K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4642 | −0.431% | $55K | $229K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4674 | +0.262% | $56K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4663 | +0.019% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4659 | −0.066% | $218 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4653 | −0.195% | $865K | $1.8M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4658 | −0.098% | $220K | $863K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4661 | −0.034% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4671 | +0.186% | — | — | 20x | as long as short |
| Phoenix WLD | +0.0157% | 1h | 0.4629 | −0.708% | $5K | $53K | 10x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4658 | −0.088% | $4.9M | $865K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0234% / S −0.1403% | 1h | 0.4661 | −0.020% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0256% | 1h | 0.4673 | +0.242% | $334 | $77 | 5x | as long as short |
| Kraken Futures PF_WLDUSDlong | +0.0323% | 1h | 0.4662 | long leg | $915K | $2.7M | 50x | |
| Coinbase International WLD-PERP-INTX | +0.0448% | 1h | 0.4668 | +0.127% | $276K | $1.7M | 50x | as long as short |
| Hyperliquid WLDshort | +0.0760% | 1h | 0.4673 | +0.230% | $52.0M | $43.5M | 10x | |
| Lighter WLD | +0.0928% | 1h | 0.4669 | +0.152% | $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