Funding you earn now, next payment 07:00 UTC−0.0085%/8h= −9.3% APRnext payment −$0.11 per $10,000 · paid last 24h −0.023%
Price spread now: Hyperliquid against Kraken Futures+0.052%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1171.165% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)−0.297%−$30 · spread now +0.052%, 7d avg +0.016%
=Together, before fees−0.318%+ Points / potential airdropHyperliquid: Season 2 · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.035% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.016%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.022% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_APEUSD | 0.1468 | 0.0185 | pay 0.0023% / 1h | 31m 38s | $400K | $665K | 20x |
| Short | Hyperliquid APE | 0.1468 | 0.0100 | get 0.0013% / 1h | 31m 38s | $1.3M | $387K | 5x |
Kraken Futures PF_APEUSD
Hyperliquid APEFunding 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
- −$17.81
- Price spread: +0.052% → +0.016%
- $3.54
- Slippage, 4 orders
- −$97.54
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$130.81
- Costs to cover
- 1.165%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 11 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, 11 min ago | 10.19 bp | 42.9 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.02 bp | 19.1 bp −$19 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1466 | −0.134% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.851% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.108% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APEshort | +0.0100% | 1h | 0.1468 | +0.052% | $1.3M | $387K | 5x | |
| Aster APEUSDT | +0.0100% | 8h | 0.1466 | −0.109% | $122K | $20K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1466 | −0.109% | $4.1M | $7.1M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1466 | −0.105% | $3.6M | $3.0M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1467 | −0.057% | $1.3M | $1.5M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1466 | −0.112% | $635K | $314K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1466 | −0.112% | $4.2M | $871K | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDT
OKX APE-USDT-SWAP
Gate APE_USDT
MEXC APE_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1466 | −0.112% | $1.8M | $3.7M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1466 | −0.112% | $2.1M | $603K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1466 | −0.112% | — | $13.0M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1465 | −0.146% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1466 | −0.136% | $8K | $208K | 10x | as long as short |
| BloFin APE-USDT | +0.0125% | 8h | 0.1467 | −0.044% | $215K | $59K | 75x | as long as short |
| Kraken Futures PF_APEUSDlong | +0.0185% | 1h | 0.1468 | long leg | $400K | $665K | 20x | |
| dYdX APE-USD | +0.0202% | 1h | 0.1466 | −0.088% | $9K | — | 5x | as long as short |
| Deribit APE_USDC-PERPETUAL | +0.0432% | 1h | 0.1467 | −0.044% | $9K | $21K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.1024% | 1h | 0.1477 | +0.638% | $100K | $8K | 25x | as long as short |
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
BloFin APE-USDT
dYdX APE-USD
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX