Funding you earn now, next payment 23:00 UTC+0.0233%/8h= +25.5% APRnext payment +$0.29 per $10,000 · paid last 24h +0.105%
Price spread now: Hyperliquid against Kraken Futures+0.187%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 3 days (all we have)−0.117%−$12 · spread now +0.187%, 7d avg +0.083%
=Together, before fees−0.015%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.104% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.083%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.102% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 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_SUIUSD | 1.0244 | 0.0297 | pay 0.0037% / 1h | 16m 37s | $7.1M | $24.2M | 50x |
| Short | Hyperliquid SUI | 1.0263 | 0.0530 | get 0.0066% / 1h | 16m 37s | $73.2M | $80.5M | 10x |
Kraken Futures PF_SUIUSD
Hyperliquid SUIFunding 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
- $48.98
- Price spread: +0.187% → +0.083%
- $10.4
- Slippage, 4 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $25.37
- Costs to cover
- 0.340%
- Break-even
- 3.4 days
Slippage from Kraken Futures: live order book, 2 min ago; Hyperliquid: live order book, 7 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, 2 min ago | 1.95 bp | 10.0 bp −$10 | 16.1 bp −$161 | 45.9 bp −$4,587 | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.49 bp | 7.3 bp −$7 | 13.8 bp −$138 | doesn't fit | doesn't fit |
SUI on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SUI/USDC PERP | −0.2926% | 1h | 1.0140 | −1.014% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0368% | 1h | 1.0239 | −0.045% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0232% | 1h | 1.0238 | −0.058% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0185% | 1h | 1.0228 | −0.155% | $586K | $404K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0255 | +0.106% | $93K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0255 | +0.109% | $457K | $5.5M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0242 | −0.018% | $190K | $575K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0239 | −0.046% | $118K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0251 | +0.065% | $786K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0256 | +0.116% | $258K | $2.0M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter SUI
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0242 | −0.018% | $38K | $501K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0098% | 8h | 1.0239 | −0.047% | $45K | $371K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0252 | +0.077% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0239 | −0.047% | $591K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0248 | +0.043% | $1.0M | $4.5M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0255 | +0.112% | $222K | $264K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0257 | +0.124% | $150.9M | $1.02B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0261 | +0.172% | $102.9M | $307.0M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0261 | +0.168% | $41.0M | $383.2M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0260 | +0.158% | $45K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0244 | +0.003% | $241K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0258 | +0.138% | $164.9M | $80.9M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0256 | +0.119% | $148.7M | $297.1M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0250 | +0.060% | $51.5M | $52.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0258 | +0.138% | $67.4M | $168.3M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0262 | +0.177% | — | $81.6M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0244 | +0.002% | $653K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0246 | +0.023% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0252 | +0.082% | $165K | $4.5M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0244 | 0.000% | $448K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0254 | +0.099% | $233K | $441K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0248 | +0.041% | $107K | $793K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0253 | +0.089% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0240 | −0.037% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0239 | −0.047% | $626K | $18.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0240 | −0.037% | $11.5M | $24.7M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0259 | +0.153% | $1.4M | $3.7M | 50x | as long as short |
| 01 Exchange SUIUSD | +0.0104% | 1h | 1.0245 | +0.011% | $9K | $9K | 10x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0241 | −0.030% | $48K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0243 | −0.008% | $7.9M | $23.8M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0248% | 1h | 1.0237 | −0.067% | $970K | $13.8M | 50x | as long as short |
| Kraken Futures PF_SUIUSDlong | +0.0297% | 1h | 1.0244 | long leg | $7.1M | $24.2M | 50x | |
| Phoenix SUI | +0.0346% | 1h | 1.0251 | +0.065% | $203K | $574K | 10x | as long as short |
| Hyperliquid SUIshort | +0.0530% | 1h | 1.0263 | +0.187% | $73.2M | $80.5M | 10x | |
| GMX SUI/USD [ETH-USDC] | L +0.0636% / S −0.0309% | 1h | 1.0239 | −0.045% | $894K | — | 100x | as long as short |
| Aftermath Perps SUIUSD | +0.0745% | 1h | 1.0250 | +0.059% | $93K | $382K | 10x | as long as short |
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
Bybit SUIUSDT
OKX SUI-USDT-SWAP
Arcus SUI-USD
Bulk SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDT
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
01 Exchange SUIUSD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD