Funding you earn now, next payment 21:00 UTC+0.0165%/8h= +18.1% APRnext payment +$0.21 per $10,000 · paid last 24h −0.008%
Price spread now: Kraken Futures against Hyperliquid+0.376%50s7-day average +0.164% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as 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−$750.748% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 3 days (all we have)+0.141%+$14 · spread now +0.376%, 7d avg +0.164%
=Together, before fees+0.074%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.212% dearer against Hyperliquid than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.164%. Mind the row above: over the last 7 days funding on this pair cost −0.066%, 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 | Hyperliquid ATOM | 1.8083 | 0.0100 | pay 0.0013% / 1h | 29m 27s | $2.8M | $997K | 5x |
| Short | Kraken Futures PF_ATOMUSD | 1.8151 | 0.0265 | get 0.0033% / 1h | 29m 27s | $3.1M | $672K | 50x |
Hyperliquid ATOM
Kraken Futures PF_ATOMUSDFunding 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
- $34.67
- Price spread: +0.376% → +0.164%
- $21.17
- Slippage, 4 orders
- −$55.77
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$18.93
- Costs to cover
- 0.748%
- Break-even
- 10.8 days
Slippage from Hyperliquid: live order book, 2 min ago; Kraken Futures: live order book, 5 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 Hyperliquid live order book, 2 min ago | 0.55 bp | 18.0 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 5.52 bp | 19.8 bp −$20 | 48.4 bp −$484 | doesn't fit | doesn't fit |
ATOM on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ATOMUSDT | −0.0054% | 8h | 1.8094 | +0.061% | $15.2M | $10.7M | 75x | as long as short |
| Variational Omni ATOM | −0.0036% | 8h | 1.8095 | +0.065% | $575K | $15K | — | as long as short |
| Deribit ATOM_USDC-PERPETUAL | −0.0026% | 1h | 1.8137 | +0.299% | $499 | $10K | 25x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8120 | +0.205% | $63K | $3K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8109 | +0.143% | $9K | — | 150x | as long as short |
| OKX ATOM-USDT-SWAP | +0.0005% | 8h | 1.8080 | −0.017% | $5.2M | $5.1M | 50x | as long as short |
| BloFin ATOM-USDT | +0.0078% | 8h | 1.8120 | +0.205% | $1.1M | $325K | 75x | as long as short |
| Bitget ATOMUSDT | +0.0089% | 8h | 1.8086 | +0.017% | $6.6M | $2.7M | 75x | as long as short |
| Hyperliquid ATOMlong | +0.0100% | 1h | 1.8083 | long leg | $2.8M | $997K | 5x | |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8110 | +0.149% | $986K | $237K | 20x | as long as short |
Bybit ATOMUSDT
Variational Omni ATOM
Deribit ATOM_USDC-PERPETUAL
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
OKX ATOM-USDT-SWAP
BloFin ATOM-USDT
Bitget ATOMUSDT
Aster ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDT | +0.0100% | 8h | 1.8093 | +0.055% | $21.6M | $30.9M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8090 | +0.039% | $2.5M | $843K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8080 | −0.017% | $9.0M | $2.8M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8100 | +0.094% | $1.6M | $850K | 50x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8100 | +0.094% | — | $25.2M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8118 | +0.195% | $446K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8086 | +0.015% | $764K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8126 | +0.238% | $309K | $185K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8120 | +0.205% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8093 | +0.057% | $6K | $184K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0126% | 1h | 1.8130 | +0.260% | $661 | $90K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8100 | +0.093% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8077 | −0.035% | $2K | — | 25x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0232% | 1h | 1.8020 | −0.348% | $25K | $12K | 25x | as long as short |
| Kraken Futures PF_ATOMUSDshort | +0.0265% | 1h | 1.8151 | +0.376% | $3.1M | $672K | 50x |
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP
Coinbase International ATOM-PERP-INTX