Funding you earn now, next payment 09:00 UTC+0.0212%/8h= +23.3% APRnext payment +$0.27 per $10,000 · paid last 24h +0.041%
Price spread now: Hyperliquid against Kraken Futures+0.205%50s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$910.909% of the position
Funding, last 7 days−0.341%−$34 on $10k
+Price spread, last 4 days (all we have)−0.742%−$74 · spread now +0.205%, 7d avg +0.035%
=Together, before fees−1.083%+ Points / potential airdropHyperliquid: Season 2 · farm board−$108 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.171% dearer against Kraken Futures than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.341%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_TIAUSD | 0.4468 | −0.0112 | get 0.0014% / 1h | 31m 32s | $352K | $223K | 50x |
| Short | Hyperliquid TIA | 0.4477 | 0.0100 | get 0.0013% / 1h | 31m 32s | $4.9M | $1.5M | 5x |
Kraken Futures PF_TIAUSD
Hyperliquid TIAFunding 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
- $44.61
- Price spread: +0.205% → +0.035%
- $17.08
- Slippage, 4 orders
- −$71.87
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$29.18
- Costs to cover
- 0.909%
- Break-even
- 11.6 days
Slippage from Kraken Futures: live order book, 1 min ago; Hyperliquid: live order book, 10 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, 1 min ago | 25.75 bp | 31.1 bp −$31 | 68.3 bp −$683 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.00 bp | 11.9 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
TIA on 27 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 TIA/USD [ETH-USDC] | L −0.2654% / S +0.0136% | 1h | 0.4466 | −0.037% | $6K | — | 100x | as long as short |
| Kraken Futures PF_TIAUSDlong | −0.0112% | 1h | 0.4468 | long leg | $352K | $223K | 50x | |
| ApeX Omni TIAUSDT | −0.0043% | 1h | 0.4461 | −0.148% | $51K | $224K | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4469 | +0.031% | $31K | $25K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4466 | −0.039% | $1K | — | 150x | as long as short |
| OKX TIA-USDT-SWAP | +0.0022% | 4h | 0.4467 | −0.014% | $2.8M | $7.0M | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0048% | 1h | 0.4472 | +0.098% | $45K | $41K | 12x | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4478 | +0.237% | $193K | $469K | 10x | as long as short |
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4467 | −0.014% | $7K | $218K | 10x | as long as short |
| Hyperliquid TIAshort | +0.0100% | 1h | 0.4477 | +0.205% | $4.9M | $1.5M | 5x |
GMX TIA/USD [ETH-USDC]
ApeX Omni TIAUSDT
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
OKX TIA-USDT-SWAP
Injective TIA/USDC PERP
Lighter TIA
Orderly PERP_TIA_USDCShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster TIAUSDT | +0.0100% | 4h | 0.4470 | +0.053% | $33K | $249K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4471 | +0.066% | $14.4M | $49.3M | 75x | as long as short |
| Bybit TIAUSDT | +0.0100% | 4h | 0.4467 | −0.014% | $10.1M | $14.5M | 50x | as long as short |
| Gate TIA_USDT | +0.0100% | 4h | 0.4472 | +0.098% | $1.0M | $1.9M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4473 | +0.120% | $11.7M | $14.4M | 300x | as long as short |
| KuCoin TIAUSDTM | +0.0100% | 4h | 0.4468 | +0.008% | $4.3M | $10.1M | 50x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4466 | −0.036% | $4.4M | $4.1M | 75x | as long as short |
| BingX TIA-USDC | +0.0100% | 4h | 0.4469 | +0.031% | — | $6.5M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4470 | +0.049% | $103K | $176K | 10x | as long as short |
| Variational Omni TIA | +0.0100% | 4h | 0.4472 | +0.093% | $137K | $79K | — | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4466 | −0.036% | $60K | $76K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4466 | −0.034% | $56K | $211K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4476 | +0.178% | $7K | — | 3x | as long as short |
| dYdX TIA-USD | +0.0106% | 1h | 0.4469 | +0.037% | $53K | $139 | 10x | as long as short |
| Reya TIARUSDPERP | +0.0182% | 1h | 0.4465 | −0.056% | $6K | — | 15x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4461 | −0.148% | $1.7M | $767K | 75x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0416% | 1h | 0.4500 | +0.725% | $53K | $107K | 50x | as long as short |
Aster TIAUSDT
Binance TIAUSDT
Bybit TIAUSDT
Gate TIA_USDT
MEXC TIA_USDT
KuCoin TIAUSDTM
Bitget TIAUSDT
BingX TIA-USDC
Backpack TIA_USDC_PERP
Variational Omni TIA
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
dYdX TIA-USD
Reya TIARUSDPERP
BloFin TIA-USDT
Coinbase International TIA-PERP-INTX