Funding you earn now, next payment 02:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.05 per $10,000 · paid last 24h −0.104%
Price spread now: Kraken Futures against Hyperliquid+0.091%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$710.713% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.663%+$66 · spread now +0.091%, 7d avg −0.011%
=Together, before fees+0.666%+ Points / potential airdropHyperliquid: Season 2 · farm board+$67 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 Kraken Futures is 0.102% dearer against Hyperliquid than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid APT | 0.7781 | 0.0100 | pay 0.0013% / 1h | 25m 38s | $5.6M | $6.1M | 10x |
| Short | Kraken Futures PF_APTUSD | 0.7788 | 0.0137 | get 0.0017% / 1h | 25m 38s | $531K | $643K | 50x |
Hyperliquid APT
Kraken Futures PF_APTUSDFunding 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
- $7.83
- Price spread: +0.091% → −0.011%
- $10.18
- Slippage, 4 orders
- −$52.3
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$53.28
- Costs to cover
- 0.713%
- Break-even
- 54.6 days
Slippage from Hyperliquid: live order book, 6 min ago; Kraken Futures: live order book, 42 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, 6 min ago | 0.64 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 42 min ago | 10.72 bp | 25.6 bp −$26 | 88.3 bp −$883 | doesn't fit | doesn't fit |
APT on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7788 | +0.090% | $21K | — | 150x | as long as short |
| Variational Omni APT | 0.0000% | 8h | 0.7785 | +0.054% | $508K | $335K | — | as long as short |
| Orderly PERP_APT_USDC | 0.0000% | 8h | 0.7790 | +0.116% | $10K | $7K | 10x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7790 | +0.116% | $12K | $418K | 50x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −0.013% | $2K | $240K | 12x | as long as short |
| dYdX APT-USD | +0.0051% | 1h | 0.7789 | +0.099% | $55K | $6K | 10x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7777 | −0.051% | $417K | $407K | 10x | as long as short |
| Hyperliquid APTlong | +0.0100% | 1h | 0.7781 | long leg | $5.6M | $6.1M | 10x | |
| Aster APTUSDT | +0.0100% | 8h | 0.7792 | +0.142% | $99K | $943K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7779 | −0.026% | $28.7M | $106.4M | 75x | as long as short |
gTrade (Gains Network) APT/USD
Variational Omni APT
Orderly PERP_APT_USDC
Deribit APT_USDC-PERPETUAL
Injective APT/USDC PERP
dYdX APT-USD
Lighter APT
Aster APTUSDT
Binance APTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APTUSDT | +0.0100% | 8h | 0.7778 | −0.039% | $28.3M | $38.1M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7780 | −0.013% | $5.8M | $25.0M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7781 | 0.000% | $2.7M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7780 | −0.013% | $29.7M | $15.4M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7779 | −0.026% | $5.3M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7775 | −0.077% | $8.7M | $12.8M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7780 | −0.013% | — | $26.0M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7795 | +0.180% | $193K | $391K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7780 | −0.013% | $63K | $574K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7774 | −0.090% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7789 | +0.103% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7805 | +0.308% | $262K | $124K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7778 | −0.044% | $84K | $486K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7787 | +0.083% | $29K | $5K | 3x | as long as short |
| Kraken Futures PF_APTUSDshort | +0.0137% | 1h | 0.7788 | +0.091% | $531K | $643K | 50x | |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7791 | +0.131% | $17K | — | 100x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0272% | 1h | 0.7809 | +0.360% | $205K | $538K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0478% | 1h | 0.7785 | +0.050% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.2352% | 1h | 0.7809 | +0.360% | $2K | — | 5x | as long as short |
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
01 Exchange APTUSD