Funding you earn now, next payment 02:00 UTC−0.0082%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h +0.043%
Price spread now: Hyperliquid against Kraken Futures+0.119%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$490.490% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.186%−$19 · spread now +0.119%, 7d avg +0.055%
=Together, before fees−0.183%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.064% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of +0.055%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_WLDUSD | 0.4669 | 0.0641 | pay 0.0080% / 1h | 19m 58s | $910K | $2.9M | 50x |
| Short | Hyperliquid WLD | 0.4674 | 0.0559 | get 0.0070% / 1h | 19m 58s | $52.0M | $44.1M | 10x |
Kraken Futures PF_WLDUSD
Hyperliquid WLDFunding 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
- −$17.16
- Price spread: +0.119% → +0.055%
- $6.4
- Slippage, 4 orders
- −$29.98
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$59.75
- Costs to cover
- 0.490%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; Hyperliquid: live order book, 4 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, 4 min ago | 7.48 bp | 17.1 bp −$17 | 34.8 bp −$348 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.43 bp | 6.4 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
WLD on 37 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 WLD/USDC PERP | −0.0235% | 1h | 0.4615 | −1.151% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0147% | 8h | 0.4666 | −0.059% | $45K | $4.4M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0046% | 8h | 0.4677 | +0.177% | $7.1M | $11.5M | 50x | as long as short |
| Nado WLD-PERP | −0.0002% | 1h | 0.4664 | −0.107% | $271K | $189K | 5x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4672 | +0.062% | $166K | $26K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4667 | −0.037% | $121K | $917K | 25x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4668 | −0.020% | $56K | — | 150x | as long as short |
| Gate WLD_USDT | +0.0058% | 8h | 0.4668 | −0.016% | $7.3M | $37.8M | 75x | as long as short |
| Orderly PERP_WLD_USDC | +0.0059% | 8h | 0.4666 | −0.059% | $28K | $897K | 10x | as long as short |
| Phoenix WLD | +0.0068% | 1h | 0.4715 | +0.982% | $5K | $54K | 10x | as long as short |
Injective WLD/USDC PERP
Kalshi KXWLDPERP
KuCoin WLDUSDTM
Nado WLD-PERP
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
gTrade (Gains Network) WLD/USD
Gate WLD_USDT
Orderly PERP_WLD_USDC
Phoenix WLDShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WLDUSDT | +0.0100% | 8h | 0.4668 | −0.025% | $179K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4670 | +0.037% | $56K | $506K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4677 | +0.183% | $88.9M | $325.3M | 75x | as long as short |
| Bybit WLDUSDT | +0.0100% | 8h | 0.4679 | +0.220% | $66.7M | $87.8M | 50x | as long as short |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4679 | +0.220% | $35.2M | $153.1M | 50x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4679 | +0.220% | $46.4M | $55.9M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4678 | +0.198% | $31.1M | $29.4M | 75x | as long as short |
| BingX WLD-USDT | +0.0100% | 8h | 0.4679 | +0.220% | — | $67.7M | — | as long as short |
| Backpack WLD_USDC_PERP | +0.0100% | 1h | 0.4674 | +0.119% | $138K | $294K | 10x | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4664 | −0.109% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4679 | +0.223% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4690 | +0.445% | $622K | $1.9M | 10x | as long as short |
| ApeX Omni WLDUSDT | +0.0100% | 1h | 0.4678 | +0.198% | $51K | $235K | 50x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4667 | −0.029% | $55K | $2.1M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4671 | +0.049% | $23K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4666 | −0.059% | $226 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4673 | +0.091% | $884K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4667 | −0.037% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4677 | +0.172% | $215K | $886K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4668 | −0.016% | $32K | $600 | 3x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4664 | −0.092% | — | — | 20x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0230% / S −0.1268% | 1h | 0.4667 | −0.047% | $5K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0264% | 1h | 0.4670 | +0.019% | $334 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4677 | +0.177% | $279K | $1.7M | 50x | as long as short |
| Hyperliquid WLDshort | +0.0559% | 1h | 0.4674 | +0.119% | $52.0M | $44.1M | 10x | |
| Kraken Futures PF_WLDUSDlong | +0.0641% | 1h | 0.4669 | long leg | $910K | $2.9M | 50x | |
| Lighter WLD | +0.0800% | 1h | 0.4676 | +0.153% | $5.3M | $2.1M | 10x | as long as short |
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
Bybit WLDUSDT
OKX WLD-USDT-SWAP
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDT
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
Reya WLDRUSDPERP
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Lighter WLD