Funding you earn now, next payment 02:00 UTC−0.0033%/8h= −3.7% APRnext payment −$0.04 per $10,000 · paid last 24h −0.024%
Price spread now: Hyperliquid against Kraken Futures−0.070%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1061.058% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 3 days (all we have)−0.101%−$10 · spread now −0.070%, 7d avg −0.022%
=Together, before fees−0.052%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.048% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SUSHIUSD | 0.2533 | 0.0133 | pay 0.0017% / 1h | 44m 34s | $761K | $70K | 20x |
| Short | Hyperliquid SUSHI | 0.2531 | 0.0100 | get 0.0013% / 1h | 44m 34s | $357K | $388K | 3x |
Kraken Futures PF_SUSHIUSD
Hyperliquid SUSHIFunding 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
- −$7.01
- Price spread: −0.070% → −0.022%
- −$4.78
- Slippage, 4 orders
- −$86.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$117.63
- Costs to cover
- 1.058%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 24 min ago; Hyperliquid: live order book, 65 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, 24 min ago | 11.66 bp | 35.4 bp −$35 | 3541.9 bp −$35.4K | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 65 min ago | 1.37 bp | 18.9 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
SUSHI on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SUSHIUSDT | +0.0005% | 8h | 0.2531 | −0.066% | $1.0M | $707K | 50x | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +0.487% | $16 | $18K | 5.5x | as long as short |
| Variational Omni SUSHI | +0.0061% | 8h | 0.2530 | −0.101% | $41K | $14K | — | as long as short |
| Hyperliquid SUSHIshort | +0.0100% | 1h | 0.2531 | −0.070% | $357K | $388K | 3x | |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2530 | −0.096% | $23K | $17K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2531 | −0.050% | $3.9M | $9.3M | 75x | as long as short |
| Bybit SUSHIUSDT | +0.0100% | 8h | 0.2531 | −0.066% | $2.5M | $2.6M | 75x | as long as short |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2533 | +0.013% | $1.6M | $3.2M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2533 | +0.013% | $558K | $263K | 50x | as long as short |
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2532 | −0.026% | $1.2M | $301K | 75x | as long as short |
Bitget SUSHIUSDT
Injective SUSHI/USDC PERP
Variational Omni SUSHI
Aster SUSHIUSDT
Binance SUSHIUSDT
Bybit SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDT
MEXC SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2530 | −0.105% | $1.2M | $236K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2532 | −0.026% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2534 | +0.052% | $87K | $50K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0119% | 8h | 0.2537 | +0.171% | $218K | $55K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSDlong | +0.0133% | 1h | 0.2533 | long leg | $761K | $70K | 20x |
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT
BloFin SUSHI-USDT