Funding you earn now, next payment 00:00 UTC−0.0314%/8h= −34.4% APRnext payment −$0.39 per $10,000 · paid last 24h −0.102%
Price spread now: Hyperliquid against Kraken Futures+0.096%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days−0.163%−$16 on $10k
+Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.096%, 7d avg +0.023%
=Together, before fees−0.204%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.073% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of +0.023%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.163% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.163% in total (about -8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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_HBARUSD | 0.09244 | 0.0414 | pay 0.0052% / 1h | 26m 04s | $1.4M | $2.3M | 50x |
| Short | Hyperliquid HBAR | 0.09253 | 0.0100 | get 0.0013% / 1h | 26m 04s | $8.8M | $2.9M | 5x |
Kraken Futures PF_HBARUSD
Hyperliquid HBARFunding 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
- −$66.01
- Price spread: +0.096% → +0.023%
- $7.26
- Slippage, 4 orders
- −$20.83
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$98.57
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Hyperliquid: live order book, 6 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, 3 min ago | 2.70 bp | 12.9 bp −$13 | 27.2 bp −$272 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.65 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HBARUSDTM | −0.0051% | 8h | 0.09236 | −0.091% | $7.4M | $7.8M | 75x | as long as short |
| Gate HBAR_USDT | −0.0031% | 8h | 0.09236 | −0.091% | $2.4M | $3.6M | 75x | as long as short |
| dYdX HBAR-USD | 0.0000% | 1h | 0.09251 | +0.070% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09246 | +0.017% | $509K | $166K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0014% | 1h | 0.09243 | −0.011% | $8K | — | 150x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0064% | 1h | 0.09243 | −0.015% | $222K | $2.2M | 50x | as long as short |
| Variational Omni HBAR | +0.0079% | 8h | 0.09243 | −0.011% | $1.0M | $198K | — | as long as short |
| Orderly PERP_HBAR_USDC | +0.0082% | 8h | 0.09236 | −0.091% | $2K | $17K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09239 | −0.059% | $567K | $591K | 5x | as long as short |
| Extended HBAR-USD | +0.0096% | 1h | 0.09234 | −0.110% | $51K | $218K | 10x | as long as short |
KuCoin HBARUSDTM
Gate HBAR_USDT
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Coinbase International HBAR-PERP-INTX
Variational Omni HBAR
Orderly PERP_HBAR_USDC
Lighter HBAR
Extended HBAR-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance HBARUSDT | +0.0098% | 8h | 0.09233 | −0.124% | $34.7M | $109.8M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0099% | 8h | 0.09240 | −0.048% | $26.0M | $22.5M | 200x | as long as short |
| Hyperliquid HBARshort | +0.0100% | 1h | 0.09253 | +0.096% | $8.8M | $2.9M | 5x | |
| Aster HBARUSDT | +0.0100% | 8h | 0.09242 | −0.025% | $211K | $429K | 50x | as long as short |
| Bybit HBARUSDT | +0.0100% | 8h | 0.09234 | −0.113% | $32.8M | $36.7M | 75x | as long as short |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09234 | −0.113% | $6.8M | $25.0M | 50x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09238 | −0.069% | $17.1M | $14.8M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09237 | −0.080% | — | $6.0M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09240 | −0.048% | $34K | $102K | 15x | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09262 | +0.194% | $377K | $2.2M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09249 | +0.050% | $148K | $707K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09239 | −0.059% | $429 | $6K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09265 | +0.223% | $73K | $53K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09239 | −0.059% | $2.2M | $2.2M | 50x | as long as short |
| BloFin HBAR-USDT | +0.0219% | 8h | 0.09246 | +0.017% | $1.5M | $5.8M | 90x | as long as short |
| Injective HBAR/USDC PERP | +0.0242% | 1h | 0.09267 | +0.244% | $1K | $112K | 12x | as long as short |
| Kraken Futures PF_HBARUSDlong | +0.0414% | 1h | 0.09244 | long leg | $1.4M | $2.3M | 50x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0447% / S −0.0478% | 1h | 0.09242 | −0.022% | $104K | — | 100x | as long as short |
Binance HBARUSDT
MEXC HBAR_USDT
Aster HBARUSDT
Bybit HBARUSDT
OKX HBAR-USDT-SWAP
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
BloFin HBAR-USDT
Injective HBAR/USDC PERP
GMX HBAR/USD [WBTC.b-USDC]