Funding you earn now, next payment 06:00 UTC+0.0633%/8h= +69.3% APRnext payment +$0.79 per $10,000 · paid last 24h +0.098%
Price spread now: Hyperliquid against Kraken Futures+0.229%7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as 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)−0.266%−$27 · spread now +0.229%, 7d avg −0.081%
=Together, before fees+0.046%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Hyperliquid is 0.310% dearer against Kraken Futures than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.081%.
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 | Kraken Futures PF_COMPUSD | 22.398 | −0.0533 | get 0.0067% / 1h | 20m 43s | $222K | $95K | 20x |
| Short | Hyperliquid COMP | 22.449 | 0.0100 | get 0.0013% / 1h | 20m 43s | $815K | $372K | 5x |
Kraken Futures PF_COMPUSD
Hyperliquid COMPFunding 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
- $132.97
- Price spread: +0.229% → −0.081%
- $30.98
- Slippage, 4 orders
- −$92.54
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $52.41
- Costs to cover
- 1.115%
- Break-even
- 4.2 days
Slippage from Kraken Futures: live order book, 27 min ago; Hyperliquid: live order book, 59 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, 27 min ago | 11.28 bp | 37.0 bp −$37 | 299.7 bp −$2,997 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 59 min ago | 0.66 bp | 21.4 bp −$21 | doesn't fit | 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_COMPUSDlong | −0.0533% | 1h | 22.398 | long leg | $222K | $95K | 20x | |
| Deribit COMP_USDC-PERPETUAL | −0.0197% | 1h | 22.380 | −0.079% | $215 | $439 | 50x | as long as short |
| dYdX COMP-USD | −0.0064% | 1h | 22.436 | +0.170% | $68K | — | 5x | as long as short |
| MEXC COMP_USDT | +0.0054% | 8h | 22.410 | +0.055% | $2.4M | $779K | 20x | as long as short |
| Binance COMPUSDT | +0.0055% | 8h | 22.420 | +0.099% | $4.2M | $6.6M | 75x | as long as short |
| BloFin COMP-USDT | +0.0082% | 8h | 22.380 | −0.079% | $238K | $175K | 20x | as long as short |
| Hyperliquid COMPshort | +0.0100% | 1h | 22.449 | +0.229% | $815K | $372K | 5x | |
| Bybit COMPUSDT | +0.0100% | 8h | 22.420 | +0.099% | $3.8M | $1.7M | 75x | as long as short |
| OKX COMP-USDT-SWAP | +0.0100% | 8h | 22.440 | +0.188% | $1.7M | $2.2M | 20x | as long as short |
| Gate COMP_USDT | +0.0100% | 8h | 22.390 | −0.035% | $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 | 22.380 | −0.079% | $405K | $111K | 30x | as long as short |
| Bitget COMPUSDT | +0.0100% | 8h | 22.410 | +0.055% | $1.9M | $599K | 75x | as long as short |
| BingX COMP-USDT | +0.0100% | 8h | 22.400 | +0.010% | — | $34.4M | — | as long as short |
| Variational Omni COMP | +0.0100% | 8h | 22.381 | −0.075% | $14K | $30K | — | as long as short |
| Injective COMP/USDC PERP | +0.0239% | 1h | 22.820 | +1.885% | $1K | $13K | 12x | as long as short |
| Coinbase International COMP-PERP-INTX | +0.0384% | 1h | 22.980 | +2.599% | $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