Funding you earn now, next payment 04:00 UTC+0.0699%/8h= +76.5% APRnext payment +$0.87 per $10,000 · paid last 24h +0.079%
Price spread now: Kraken Futures against Hyperliquid−0.144%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding pays, the price is against you. Kraken Futures is 0.144% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 16 hours of funding at the current rate (+$21 a day). 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 | Hyperliquid 2Z | 0.05239 | 0.0100 | pay 0.0013% / 1h | 29m 30s | $677K | $366K | 3x |
| Short | Kraken Futures PF_2ZUSD | 0.05231 | 0.0799 | get 0.0100% / 1h | 29m 30s | $5K | $3K | 10x |
Hyperliquid 2Z
Kraken Futures PF_2ZUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Hyperliquid. 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
- $146.71
- Price spread: −0.144% → 0.000%
- −$14.37
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $113.34
- Costs to cover
- 0.190%
- Break-even
- 1.6 days
Slippage unknown: Hyperliquid: live order book, 70 min ago; Kraken Futures: no order-book sample. 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 Hyperliquid live order book, 70 min ago | 2.03 bp | 20.6 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
2Z on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack 2Z_USDC_PERP | −0.0695% | 1h | 0.05225 | −0.260% | $45K | $29K | 5x | as long as short |
| Injective 2Z/USDC PERP | +0.0033% | 1h | 0.04980 | −4.936% | $867 | $213 | 5.5x | as long as short |
| Lighter 2Z | +0.0096% | 1h | 0.05239 | +0.008% | $17K | $8K | 3x | as long as short |
| Hyperliquid 2Zlong | +0.0100% | 1h | 0.05239 | long leg | $677K | $366K | 3x | |
| Aster 2ZUSDT | +0.0100% | 4h | 0.05234 | −0.084% | $12K | $57K | 5x | as long as short |
| Pacifica 2Z | +0.0100% | 1h | 0.05232 | −0.120% | $75K | $14K | 3x | as long as short |
| Binance 2ZUSDT | +0.0100% | 4h | 0.05235 | −0.069% | $2.1M | $2.2M | 50x | as long as short |
| Bybit 2ZUSDT | +0.0100% | 4h | 0.05239 | +0.008% | $691K | $977K | 50x | as long as short |
| OKX 2Z-USDT-SWAP | +0.0100% | 4h | 0.05238 | −0.011% | $450K | $723K | 20x | as long as short |
| Gate 2Z_USDT | +0.0100% | 4h | 0.05231 | −0.145% | $91K | $65K | 50x | as long as short |
Backpack 2Z_USDC_PERP
Injective 2Z/USDC PERP
Lighter 2Z
Aster 2ZUSDT
Pacifica 2Z
Binance 2ZUSDT
Bybit 2ZUSDT
OKX 2Z-USDT-SWAP
Gate 2Z_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC 2Z_USDT | +0.0100% | 4h | 0.05238 | −0.011% | $293K | $126K | 50x | as long as short |
| KuCoin 2ZUSDTM | +0.0100% | 4h | 0.05231 | −0.149% | $193K | $53K | 50x | as long as short |
| Bitget 2ZUSDT | +0.0100% | 4h | 0.05233 | −0.107% | $162K | $626K | 50x | as long as short |
| BingX 2Z-USDT | +0.0100% | 4h | 0.05234 | −0.088% | — | $6.5M | — | as long as short |
| Variational Omni 2Z | +0.0100% | 4h | 0.05225 | −0.258% | $33K | $29K | — | as long as short |
| SunX 2Z-USDT | +0.0100% | 4h | 0.05228 | −0.202% | $2K | $1.2M | 20x | as long as short |
| Kraken Futures PF_2ZUSDshort | +0.0799% | 1h | 0.05231 | −0.144% | $5K | $3K | 10x |
MEXC 2Z_USDT
KuCoin 2ZUSDTM
Bitget 2ZUSDT
BingX 2Z-USDT
Variational Omni 2Z
SunX 2Z-USDT