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: Hyperliquid against Kraken Futures−0.042%50s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$12 a day on $10k at the current rate, and Hyperliquid is 0.042% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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 | Kraken Futures PF_BRETTUSD | 0.005847 | 0.1053 | pay 0.0132% / 1h | 36m 25s | $44K | $70K | 10x |
| Short | Hyperliquid BRETT | 0.005845 | 0.0659 | get 0.0082% / 1h | 36m 25s | $339K | $209K | 3x |
Kraken Futures PF_BRETTUSD
Hyperliquid BRETTFunding 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
- −$82.69
- Price spread: −0.042% → 0.000%
- −$4.21
- 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
- −$105.9
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 47 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, 47 min ago | 1.71 bp | 42.2 bp −$42 | 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.
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 | −0.418% | — | — | 100x | as long as short |
| BloFin BRETT-USDT | +0.0045% | 4h | 0.005847 | −0.008% | $59K | $171K | 50x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005836 | −0.196% | $1.2M | $2.4M | 50x | as long as short |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005835 | −0.213% | $2.1M | $1.8M | 25x | as long as short |
| OKX BRETT-USDT-SWAP | +0.0100% | 4h | 0.005845 | −0.042% | $133K | $256K | 10x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005829 | −0.316% | $436K | $109K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005840 | −0.128% | $12.5M | $209K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005828 | −0.333% | $326K | $73K | 30x | as long as short |
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005824 | −0.401% | $1.4M | $623K | 50x | as long as short |
| BingX BRETT-USDT | +0.0100% | 4h | 0.005834 | −0.230% | — | $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 | −0.110% | $53K | $102K | — | as long as short |
| Hyperliquid BRETTshort | +0.0659% | 1h | 0.005845 | −0.042% | $339K | $209K | 3x | |
| Injective BRETT/USDC PERP | +0.0825% | 1h | 0.005839 | −0.145% | $61 | $854 | 5.5x | as long as short |
| Kraken Futures PF_BRETTUSDlong | +0.1053% | 1h | 0.005847 | long leg | $44K | $70K | 10x |
Variational Omni BRETT
Injective BRETT/USDC PERP