Funding you earn now, next payment 00:00 UTC+0.0667%/8h= +73.1% APRpaid last 24h +0.093%
Price spread now: Hyperliquid against Kalshi+0.114%46s7-day average +0.192% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.328%+$33 on $10k
+Price spread, last 7 days−0.304%−$30 · spread now +0.114%, 7d avg +0.192%
=Together, before fees+0.025%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.078% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.114% now, against its 7-day average of +0.192%). If the spread goes back, that is −$8 on $10k: about 9 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.328% in total) that is about 40 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.328% in total (about 17.1% a year). A funding rate is set anew for every payment. 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 | Kalshi KXWLDPERP | 0.4560 | −0.0198 | get 0.0198% / 8h | 4h 24m | $64K | $3.9M | 1.7x |
| Short | Hyperliquid WLD | 0.4565 | 0.0469 | get 0.0059% / 1h | 24m 26s | $49.5M | $43.0M | 10x |
Kalshi KXWLDPERP
Hyperliquid WLDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kalshi. 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
- $140.16
- Price spread: +0.114% → +0.192%
- −$7.8
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $113.36
- Costs to cover
- 0.190%
- Break-even
- 1.3 days
Slippage unknown: Kalshi: live order book, 4 min ago; Hyperliquid: live order book, 9 min ago. Net counts fees only.
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 Kalshi live order book, 4 min ago | 2.18 bp | 9.4 bp −$9 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.22 bp | 5.9 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXWLDPERPlong | −0.0198% | 8h | 0.4560 | long leg | $64K | $3.9M | 1.7x | |
| dYdX WLD-USD | 0.0000% | 1h | 0.4558 | −0.036% | $163K | $13K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4567 | +0.154% | $112K | $885K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4563 | +0.071% | $56K | — | 150x | as long as short |
| KuCoin WLDUSDTM | +0.0009% | 8h | 0.4559 | −0.022% | $6.9M | $11.0M | 50x | as long as short |
| Orderly PERP_WLD_USDC | +0.0030% | 8h | 0.4565 | +0.110% | $28K | $907K | 10x | as long as short |
| Nado WLD-PERP | +0.0044% | 1h | 0.4558 | −0.044% | $274K | $169K | 5x | as long as short |
| Aster WLDUSDT | +0.0100% | 8h | 0.4560 | −0.010% | $191K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4560 | +0.003% | $53K | $483K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4560 | 0.000% | $86.0M | $301.6M | 75x | as long as short |
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
KuCoin WLDUSDTM
Orderly PERP_WLD_USDC
Nado WLD-PERP
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDTShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit WLDUSDT | +0.0100% | 8h | 0.4560 | 0.000% | $65.3M | $82.7M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4559 | −0.022% | $34.0M | $142.3M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4559 | −0.022% | $7.4M | $35.7M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4563 | +0.066% | $45.3M | $53.1M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4559 | −0.022% | $30.1M | $25.9M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4560 | 0.000% | — | $1.3M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4567 | +0.143% | $129K | $272K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4574 | +0.306% | $2.0M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4580 | +0.433% | $27K | $315K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4586 | +0.577% | $618K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4583 | +0.504% | $55K | $228K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4561 | +0.033% | $45K | $1.6M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4571 | +0.241% | $23K | $1.5M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4566 | +0.132% | $213 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4558 | −0.044% | $849K | $1.8M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4566 | +0.132% | $1.8M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4559 | −0.031% | $233K | $845K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4567 | +0.146% | $31K | $5K | 3x | as long as short |
| Phoenix WLD | +0.0104% | 1h | 0.4570 | +0.215% | $5K | $53K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4558 | −0.047% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4564 | +0.088% | $4.9M | $821K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0229% / S −0.1268% | 1h | 0.4563 | +0.077% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0264% | 1h | 0.4563 | +0.068% | $326 | $77 | 5x | as long as short |
| Injective WLD/USDC PERP | +0.0373% | 1h | 0.4592 | +0.702% | $6K | $185K | 5.5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0440% | 1h | 0.4570 | +0.219% | $269K | $1.6M | 50x | as long as short |
| Hyperliquid WLDshort | +0.0469% | 1h | 0.4565 | +0.114% | $49.5M | $43.0M | 10x | |
| Kraken Futures PF_WLDUSD | +0.0720% | 1h | 0.4570 | +0.214% | $900K | $2.7M | 50x | as long as short |
| Lighter WLD | +0.1400% | 1h | 0.4571 | +0.243% | $5.2M | $2.0M | 10x | as long as short |
Bybit WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Backpack WLD_USDC_PERP
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
ApeX Omni WLDUSDT
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Phoenix WLD
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Injective WLD/USDC PERP
Coinbase International WLD-PERP-INTX
Kraken Futures PF_WLDUSD
Lighter WLD