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: Hyperliquid against Kraken Futures+0.058%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as 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
The price spread pays, funding is against you. Hyperliquid is 0.060% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.002%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days. 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 | Kraken Futures PF_DYDXUSD | 0.1339 | 0.0186 | pay 0.0023% / 1h | 50m 04s | $303K | $287K | 20x |
| Short | Hyperliquid DYDX | 0.1339 | 0.0100 | get 0.0013% / 1h | 50m 04s | $2.0M | $691K | 5x |
Kraken Futures PF_DYDXUSD
Hyperliquid DYDXFunding 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
- −$17.96
- Price spread: +0.058% → −0.002%
- $5.97
- Slippage, 4 orders
- −$108.56
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$139.55
- Costs to cover
- 1.276%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 56 min ago; Hyperliquid: live order book, 4 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, 56 min ago | 7.43 bp | 49.7 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.12 bp | 25.5 bp −$25 | 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 | −0.188% | $6K | $41K | 12x | as long as short |
| Deribit DYDX_USDC-PERPETUAL | 0.0000% | 1h | 0.1339 | +0.036% | — | — | 25x | as long as short |
| Gate DYDX_USDT | +0.0068% | 8h | 0.1337 | −0.136% | $358K | $372K | 75x | as long as short |
| Lighter DYDX | +0.0096% | 1h | 0.1338 | −0.017% | $59K | $29K | 5x | as long as short |
| Hyperliquid DYDXshort | +0.0100% | 1h | 0.1339 | +0.058% | $2.0M | $691K | 5x | |
| Aster DYDXUSDT | +0.0100% | 8h | 0.1337 | −0.144% | $5K | $10K | 5x | as long as short |
| Binance DYDXUSDT | +0.0100% | 8h | 0.1337 | −0.114% | $5.2M | $7.4M | 75x | as long as short |
| Bybit DYDXUSDT | +0.0100% | 8h | 0.1337 | −0.129% | $4.6M | $2.5M | 75x | as long as short |
| OKX DYDX-USDT-SWAP | +0.0100% | 8h | 0.1337 | −0.136% | $2.1M | $2.5M | 20x | as long as short |
| Arcus DYDX-USD | +0.0100% | 1h | 0.1341 | +0.185% | $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 | −0.039% | $2.9M | $667K | 125x | as long as short |
| KuCoin DYDXUSDTM | +0.0100% | 8h | 0.1340 | +0.110% | $2.3M | $3.1M | 50x | as long as short |
| Bitget DYDXUSDT | +0.0100% | 8h | 0.1337 | −0.114% | $1.3M | $716K | 10x | as long as short |
| BingX DYDX-USDT | +0.0100% | 8h | 0.1337 | −0.114% | — | $3.7M | — | as long as short |
| Extended DYDX-USD | +0.0104% | 1h | 0.1336 | −0.222% | $4K | $401K | 10x | as long as short |
| Aevo DYDX-PERP | +0.0104% | 1h | 0.1340 | +0.092% | $49K | — | 3x | as long as short |
| BloFin DYDX-USDT | +0.0123% | 8h | 0.1338 | −0.039% | $288K | $41K | 75x | as long as short |
| GMX DYDX/USD [WBTC.b-USDC] | L +0.0184% / S −0.0355% | 1h | 0.1340 | +0.096% | $690 | — | 100x | as long as short |
| Kraken Futures PF_DYDXUSDlong | +0.0186% | 1h | 0.1339 | long leg | $303K | $287K | 20x | |
| Coinbase International DYDX-PERP-INTX | +0.0832% | 1h | 0.1344 | +0.409% | $16K | $25K | 50x | as long as short |
| dYdX DYDX-USD | +0.5680% | 1h | 0.1339 | +0.054% | $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