Funding you earn now, next payment 06:00 UTC−0.0632%/8h= −69.2% APRnext payment −$0.79 per $10,000 · paid last 24h −0.098%
Price spread now: Kraken Futures against Hyperliquid−0.004%7-day average +0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1121.115% of the position
Funding, last 7 days−0.312%−$31 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.004%, 7d avg +0.081%
=Together, before fees−0.270%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Kraken Futures is 0.086% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.081%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.312% in total (about -16.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.79 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 COMP | 22.458 | 0.0100 | pay 0.0013% / 1h | 19m 38s | $815K | $372K | 5x |
| Short | Kraken Futures PF_COMPUSD | 22.457 | −0.0532 | pay 0.0066% / 1h | 19m 38s | $222K | $95K | 20x |
Hyperliquid COMP
Kraken Futures PF_COMPUSDFunding 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
- −$132.68
- Price spread: −0.004% → +0.081%
- −$8.56
- Slippage, 4 orders
- −$92.54
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$252.77
- Costs to cover
- 1.115%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 60 min ago; Kraken Futures: live order book, 28 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, 60 min ago | 0.66 bp | 20.8 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 28 min ago | 11.28 bp | 32.4 bp −$32 | 96.6 bp −$966 | doesn't fit | doesn't fit |
COMP 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COMPUSDshort | −0.0532% | 1h | 22.457 | −0.004% | $222K | $95K | 20x | |
| Deribit COMP_USDC-PERPETUAL | −0.0195% | 1h | 22.440 | −0.080% | $215 | $439 | 50x | as long as short |
| dYdX COMP-USD | −0.0063% | 1h | 22.436 | −0.098% | $68K | — | 5x | as long as short |
| MEXC COMP_USDT | +0.0055% | 8h | 22.430 | −0.125% | $2.4M | $779K | 20x | as long as short |
| Binance COMPUSDT | +0.0057% | 8h | 22.434 | −0.108% | $4.2M | $6.6M | 75x | as long as short |
| BloFin COMP-USDT | +0.0082% | 8h | 22.380 | −0.347% | $238K | $175K | 20x | as long as short |
| Hyperliquid COMPlong | +0.0100% | 1h | 22.458 | long leg | $815K | $372K | 5x | |
| Bybit COMPUSDT | +0.0100% | 8h | 22.440 | −0.080% | $3.8M | $1.7M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.450 | −0.036% | $1.7M | $2.2M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.440 | −0.080% | $220K | $58K | 25x | as long as short |
Deribit COMP_USDC-PERPETUAL
dYdX COMP-USD
MEXC COMP_USDT
Binance COMPUSDT
BloFin COMP-USDT
Bybit COMPUSDT
OKX COMP-USDT-SWAP
Gate COMP_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin COMPUSDTM | +0.0100% | 8h | 22.440 | −0.080% | $406K | $111K | 30x | as long as short |
| Bitget COMPUSDT | +0.0100% | 8h | 22.430 | −0.125% | $1.9M | $598K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.430 | −0.125% | — | $34.4M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.381 | −0.342% | $14K | $30K | — | as long as short |
| Injective COMP/USDC PERP | +0.0239% | 1h | 22.820 | +1.612% | $1K | $13K | 12x | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0384% | 1h | 22.980 | +2.324% | $18K | $44K | 25x | as long as short |
KuCoin COMPUSDTM
Bitget COMPUSDT
BingX COMP-USDT
Variational Omni COMP
Injective COMP/USDC PERP
Coinbase International COMP-PERP-INTX