Funding you earn now, next payment 23:00 UTC−0.0527%/8h= −57.7% APRnext payment −$0.66 per $10,000 · paid last 24h +0.019%
Price spread now: Kraken Futures against Hyperliquid−0.071%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1131.135% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 3 days (all we have)+0.362%+$36 · spread now −0.071%, 7d avg +0.003%
=Together, before fees+0.345%+ Points / potential airdropHyperliquid: Season 2 · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Kraken Futures is 0.073% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 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 APE | 0.1465 | 0.0100 | pay 0.0013% / 1h | 26m 42s | $1.3M | $347K | 5x |
| Short | Kraken Futures PF_APEUSD | 0.1464 | −0.0427 | pay 0.0053% / 1h | 26m 42s | $408K | $571K | 20x |
Hyperliquid APE
Kraken Futures PF_APEUSDFunding 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
- −$110.72
- Price spread: −0.071% → +0.003%
- −$7.34
- Slippage, 4 orders
- −$94.46
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$231.51
- Costs to cover
- 1.135%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Kraken Futures: live order book, 56 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, 4 min ago | 1.71 bp | 19.8 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 56 min ago | 6.83 bp | 31.4 bp −$31 | 96.9 bp −$969 | doesn't fit | doesn't fit |
APE on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APEUSDshort | −0.0427% | 1h | 0.1464 | −0.071% | $408K | $571K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1462 | −0.203% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.691% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −5.926% | $1K | $12K | 5.5x | as long as short |
| BloFin APE-USDT | +0.0082% | 8h | 0.1463 | −0.123% | $222K | $48K | 75x | as long as short |
| Hyperliquid APElong | +0.0100% | 1h | 0.1465 | long leg | $1.3M | $347K | 5x | |
| Aster APEUSDT | +0.0100% | 8h | 0.1461 | −0.269% | $121K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1463 | −0.123% | $4.1M | $6.1M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1461 | −0.253% | $3.7M | $2.5M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1462 | −0.157% | $1.3M | $1.3M | 20x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
BloFin APE-USDT
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDT
OKX APE-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate APE_USDT | +0.0100% | 8h | 0.1461 | −0.259% | $631K | $291K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1462 | −0.191% | $3.7M | $854K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1461 | −0.259% | $1.8M | $1.8M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1462 | −0.191% | $2.1M | $528K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1461 | −0.259% | — | $13.4M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1460 | −0.330% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1462 | −0.206% | $4K | $220K | 10x | as long as short |
| dYdX APE-USD | +0.0318% | 1h | 0.1461 | −0.273% | $9K | $5 | 5x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0434% | 1h | 0.1464 | −0.055% | $11K | $18K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0688% | 1h | 0.1466 | +0.082% | $99K | $7K | 25x | as long as short |
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
dYdX APE-USD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX