Funding you earn now, next payment 22:00 UTC+0.0394%/8h= +43.1% APRnext payment +$0.49 per $10,000 · paid last 24h +0.209%
Price spread now: Kraken Futures against Hyperliquid+0.042%50s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.023%+$2 on $10k
+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 for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.042% dearer against Hyperliquid than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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 0.023% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.49 per $10,000. 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 | Hyperliquid BRETT | 0.005845 | 0.0659 | pay 0.0082% / 1h | 36m 27s | $339K | $209K | 3x |
| Short | Kraken Futures PF_BRETTUSD | 0.005847 | 0.1053 | get 0.0132% / 1h | 36m 27s | $44K | $70K | 10x |
Hyperliquid BRETT
Kraken Futures PF_BRETTUSDFunding 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
- $82.69
- Price spread: +0.042% → 0.000%
- $4.21
- 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
- $67.9
- Costs to cover
- 0.190%
- Break-even
- 1.3 days
Slippage unknown: Hyperliquid: live order book, 47 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, 47 min ago | 1.71 bp | 36.5 bp −$37 | 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.
BRETT 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BRETT/USD [ETH-USDC] | L 0.0000% / S 0.0000% | 1h | 0.005823 | −0.376% | — | — | 100x | as long as short |
| BloFin BRETT-USDT | +0.0045% | 4h | 0.005847 | +0.034% | $59K | $171K | 50x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005836 | −0.154% | $1.2M | $2.4M | 50x | as long as short |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005835 | −0.171% | $2.1M | $1.8M | 25x | as long as short |
| OKX BRETT-USDT-SWAP | +0.0100% | 4h | 0.005845 | 0.000% | $133K | $256K | 10x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005829 | −0.274% | $436K | $109K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005840 | −0.086% | $12.5M | $209K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005828 | −0.291% | $326K | $73K | 30x | as long as short |
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005824 | −0.359% | $1.4M | $623K | 50x | as long as short |
| BingX BRETT-USDT | +0.0100% | 4h | 0.005834 | −0.188% | — | $1.4M | — | as long as short |
GMX BRETT/USD [ETH-USDC]
BloFin BRETT-USDT
Binance BRETTUSDT
Bybit BRETTUSDT
OKX BRETT-USDT-SWAP
Gate BRETT_USDT
MEXC BRETT_USDT
KuCoin BRETTUSDTM
Bitget BRETTUSDT
BingX BRETT-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BRETT | +0.0100% | 4h | 0.005841 | −0.068% | $53K | $102K | — | as long as short |
| Hyperliquid BRETTlong | +0.0659% | 1h | 0.005845 | long leg | $339K | $209K | 3x | |
| Injective BRETT/USDC PERP | +0.0825% | 1h | 0.005839 | −0.103% | $61 | $854 | 5.5x | as long as short |
| Kraken Futures PF_BRETTUSDshort | +0.1053% | 1h | 0.005847 | +0.042% | $44K | $70K | 10x |
Variational Omni BRETT
Injective BRETT/USDC PERP