Funding you earn now, next payment 22:00 UTC−0.9672%/8h= −1059.1% APRnext payment −$12.09 per $10,000 · paid last 24h −0.784%
Price spread now: Hyperliquid against Kraken Futures−0.846%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,783as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,721as in the Price arb table
costs, in and out, $10k−$2,63826.379% of the position
Funding, last 7 days−1.451%−$145 on $10k
+Price spread, last 3 days (all we have)+0.987%+$99 · spread now −0.846%, 7d avg −0.018%
=Together, before fees−0.464%+ Points / potential airdropHyperliquid: Season 2 · farm board−$46 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$290 a day on $10k at the current rate, and Hyperliquid is 0.828% cheaper against Kraken Futures than usual: you would sell low and buy high (−$83 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.451% in total (about -75.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.09 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_MOODENGUSD | 0.04802 | 0.9923 | pay 0.1240% / 1h | 8m 01s | $67K | $101K | 20x |
| Short | Hyperliquid MOODENG | 0.04761 | 0.0251 | get 0.0031% / 1h | 8m 01s | $464K | $414K | 3x |
Kraken Futures PF_MOODENGUSD
Hyperliquid MOODENGFunding 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
- −$2,031.2
- Price spread: −0.846% → −0.018%
- −$82.84
- Slippage, 4 orders
- −$2,618.85
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$4,751.89
- Costs to cover
- 26.379%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 14 min ago; Hyperliquid: live order book, 2 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, 14 min ago | 44.93 bp | 2544.8 bp −$2,545 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 4.82 bp | 19.6 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
MOODENG on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX MOODENG/USD [WBTC.b-USDC] | L −1.1224% / S +0.0193% | 1h | 0.04752 | −1.044% | $18 | — | 100x | as long as short |
| BloFin MOODENG-USDT | +0.0074% | 4h | 0.04765 | −0.769% | $179K | $137K | 50x | as long as short |
| Aster MOODENGUSDT | +0.0100% | 4h | 0.04757 | −0.928% | $10K | $32K | 5x | as long as short |
| Binance MOODENGUSDT | +0.0100% | 4h | 0.04759 | −0.902% | $2.6M | $11.0M | 50x | as long as short |
| Bybit MOODENGUSDT | +0.0100% | 4h | 0.04758 | −0.915% | $1.7M | $4.2M | 50x | as long as short |
| OKX MOODENG-USDT-SWAP | +0.0100% | 4h | 0.04753 | −1.019% | $2.1M | $4.4M | 20x | as long as short |
| Gate MOODENG_USDT | +0.0100% | 4h | 0.04755 | −0.978% | $571K | $768K | 50x | as long as short |
| MEXC MOODENG_USDT | +0.0100% | 4h | 0.04758 | −0.915% | $917K | $304K | 50x | as long as short |
| KuCoin MOODENGUSDTM | +0.0100% | 4h | 0.04759 | −0.894% | $1.7M | $2.9M | 50x | as long as short |
| Variational Omni MOODENG | +0.0100% | 4h | 0.04758 | −0.918% | $7K | $29K | — | as long as short |
GMX MOODENG/USD [WBTC.b-USDC]
BloFin MOODENG-USDT
Aster MOODENGUSDT
Binance MOODENGUSDT
Bybit MOODENGUSDT
OKX MOODENG-USDT-SWAP
Gate MOODENG_USDT
MEXC MOODENG_USDT
KuCoin MOODENGUSDTM
Variational Omni MOODENGShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MOODENG-USDT | +0.0100% | 4h | 0.04860 | +1.209% | $1K | $1.8M | 20x | as long as short |
| Bitget MOODENGUSDT | +0.0246% | 4h | 0.04764 | −0.790% | $1.3M | $1.2M | 50x | as long as short |
| Hyperliquid MOODENGshort | +0.0251% | 1h | 0.04761 | −0.846% | $464K | $414K | 3x | |
| BingX MOODENG-USDT | +0.0260% | 4h | 0.04759 | −0.894% | — | $6.7M | — | as long as short |
| GRVT MOODENG_USDT_Perp | +0.0288% | 4h | 0.04772 | −0.623% | $415K | $2.2M | 10x | as long as short |
| ApeX Omni MOODENGUSDT | +0.0695% | 1h | 0.04759 | −0.894% | $22K | $645K | 25x | as long as short |
| Kraken Futures PF_MOODENGUSDlong | +0.9923% | 1h | 0.04802 | long leg | $67K | $101K | 20x |
SunX MOODENG-USDT
Bitget MOODENGUSDT
BingX MOODENG-USDT
GRVT MOODENG_USDT_Perp
ApeX Omni MOODENGUSDT