Funding you earn now, next payment 12:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.180%
Price spread now: Kraken Futures against Hyperliquid−0.058%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1281.276% of the position
Funding, last 7 days+0.552%+$55 on $10k
+Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.058%, 7d avg +0.002%
=Together, before fees+0.838%+ Points / potential airdropHyperliquid: Season 2 · farm board+$84 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.060% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.002%). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.552% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid DYDX | 0.1339 | 0.0100 | pay 0.0013% / 1h | 50m 13s | $2.0M | $691K | 5x |
| Short | Kraken Futures PF_DYDXUSD | 0.1339 | 0.0186 | get 0.0023% / 1h | 50m 13s | $303K | $287K | 20x |
Hyperliquid DYDX
Kraken Futures PF_DYDXUSDFunding 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
- $17.96
- Price spread: −0.058% → +0.002%
- −$5.97
- Slippage, 4 orders
- −$108.56
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$115.56
- Costs to cover
- 1.276%
- Break-even
- 52.0 days
Slippage from Hyperliquid: live order book, 4 min ago; Kraken Futures: live order book, 55 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, 4 min ago | 1.12 bp | 18.8 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 55 min ago | 7.43 bp | 33.6 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
DYDX on 21 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DYDX/USDC PERP | −0.1214% | 1h | 0.1336 | −0.246% | $6K | $41K | 12x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | 0.0000% | 1h | 0.1339 | −0.022% | — | — | 25x | as long as short |
| Gate DYDX_USDT | +0.0068% | 8h | 0.1337 | −0.194% | $358K | $372K | 75x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1338 | −0.075% | $59K | $29K | 5x | as long as short |
| Hyperliquid DYDXlong | +0.0100% | 1h | 0.1339 | long leg | $2.0M | $691K | 5x | |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1336 | −0.284% | $5K | $10K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1338 | −0.130% | $5.2M | $7.4M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1337 | −0.172% | $4.6M | $2.5M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1338 | −0.105% | $2.1M | $2.5M | 20x | as long as short |
| Arcus DYDX-USD | +0.0100% | 1h | 0.1341 | +0.127% | $51K | $21K | 5x | as long as short |
Injective DYDX/USDC PERP
Deribit DYDX_USDC-PERPETUAL
Gate DYDX_USDT
Lighter DYDX
Aster DYDXUSDT
Binance DYDXUSDT
Bybit DYDXUSDT
OKX DYDX-USDT-SWAP
Arcus DYDX-USDShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC DYDX_USDT | +0.0100% | 8h | 0.1338 | −0.097% | $2.9M | $667K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1340 | +0.052% | $2.3M | $3.1M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1338 | −0.097% | $1.3M | $716K | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1337 | −0.172% | — | $3.7M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1339 | −0.045% | $4K | $401K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1340 | +0.034% | $49K | — | 3x | as long as short |
| BloFin DYDX-USDT | +0.0123% | 8h | 0.1338 | −0.097% | $288K | $41K | 75x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0184% / S −0.0355% | 1h | 0.1340 | +0.038% | $690 | — | 100x | as long as short |
| Kraken Futures PF_DYDXUSDshort | +0.0186% | 1h | 0.1339 | −0.058% | $303K | $287K | 20x | |
| Coinbase International DYDX-PERP-INTX | +0.0832% | 1h | 0.1344 | +0.351% | $16K | $25K | 50x | as long as short |
| dYdX DYDX-USD | +0.5680% | 1h | 0.1339 | −0.004% | $76K | $2K | 5x | as long as short |
MEXC DYDX_USDT
KuCoin DYDXUSDTM
Bitget DYDXUSDT
BingX DYDX-USDT
Extended DYDX-USD
Aevo DYDX-PERP
BloFin DYDX-USDT
GMX DYDX/USD [WBTC.b-USDC]
Coinbase International DYDX-PERP-INTX
dYdX DYDX-USD