Funding you earn now, next payment 23:00 UTC−0.0247%/8h= −27.1% APRnext payment −$0.31 per $10,000 · paid last 24h −0.141%
Price spread now: Hyperliquid against Kraken Futures−0.092%7-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
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hyperliquid is 0.092% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALTUSD | 0.007510 | 0.0347 | pay 0.0043% / 1h | 17m 01s | $44K | $8K | 10x |
| Short | Hyperliquid ALT | 0.007503 | 0.0100 | get 0.0013% / 1h | 17m 01s | $1.1M | $186K | 3x |
Kraken Futures PF_ALTUSD
Hyperliquid ALTFunding 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
- −$51.95
- Price spread: −0.092% → 0.000%
- −$9.25
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$80.2
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 3 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 3 min ago | 4.00 bp | 20.9 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
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.
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ALT | −0.0199% | 4h | 0.007487 | −0.305% | $4K | $12K | — | as long as short |
| Deribit ALT_USDC-PERPETUAL | −0.0149% | 1h | 0.007509 | −0.013% | — | $0 | 25x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007381 | −1.717% | $815 | $4K | 5.5x | as long as short |
| Bybit ALTUSDT | +0.0044% | 4h | 0.007503 | −0.092% | $1.2M | $1.6M | 25x | as long as short |
| BloFin ALT-USDT | +0.0062% | 4h | 0.007509 | −0.013% | $172K | $9K | 50x | as long as short |
| Hyperliquid ALTshort | +0.0100% | 1h | 0.007503 | −0.092% | $1.1M | $186K | 3x | |
| Binance ALTUSDT | +0.0100% | 4h | 0.007507 | −0.039% | $2.6M | $3.6M | 50x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007498 | −0.159% | $50K | $418K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007508 | −0.026% | $389K | $190K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007516 | +0.081% | $150K | $22K | 30x | as long as short |
Variational Omni ALT
Deribit ALT_USDC-PERPETUAL
Injective ALT/USDC PERP
Bybit ALTUSDT
BloFin ALT-USDT
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ALTUSDT | +0.0100% | 4h | 0.007496 | −0.186% | $616K | $100K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007500 | −0.132% | — | $1.3M | — | as long as short |
| Kraken Futures PF_ALTUSDlong | +0.0347% | 1h | 0.007510 | long leg | $44K | $8K | 10x | |
| Coinbase International ALT-PERP-INTX | +0.0448% | 1h | 0.007518 | +0.107% | $14K | $3K | 50x | as long as short |
Bitget ALTUSDT
BingX ALT-USDT
Coinbase International ALT-PERP-INTX