Funding you earn now, next payment 01:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.10 per $10,000 · paid last 24h +0.276%
Price spread now: Kraken Futures against Hyperliquid−0.079%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.079% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CFX | 0.05425 | 0.0928 | pay 0.0116% / 1h | 8m 46s | $3.2M | $381K | 5x |
| Short | Kraken Futures PF_CFXUSD | 0.05421 | 0.0846 | get 0.0106% / 1h | 8m 46s | $33K | $23K | 20x |
Hyperliquid CFX
Kraken Futures PF_CFXUSDFunding 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
- −$17.21
- Price spread: −0.079% → 0.000%
- −$7.94
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$44.14
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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, 3 min ago | 1.47 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05419 | −0.116% | $5K | $46K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05411 | −0.270% | $5.5M | $10.7M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05411 | −0.267% | $2.4M | $1.6M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05407 | −0.341% | $2.5M | $6.0M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05416 | −0.175% | $1.1M | $2.9M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05407 | −0.341% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05417 | −0.157% | $884K | $290K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05410 | −0.286% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05416 | −0.175% | — | $20.3M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05420 | −0.109% | $38K | $41K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05422 | −0.065% | $514K | $1.8M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05415 | −0.186% | $3K | $270K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0384% | 1h | 0.05435 | +0.175% | $35K | $125K | 50x | as long as short |
| Kraken Futures PF_CFXUSDshort | +0.0846% | 1h | 0.05421 | −0.079% | $33K | $23K | 20x | |
| Hyperliquid CFXlong | +0.0928% | 1h | 0.05425 | long leg | $3.2M | $381K | 5x | |
| Deribit CFX_USDC-PERPETUAL | +0.3075% | 1h | 0.05432 | +0.120% | $143 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Deribit CFX_USDC-PERPETUAL