Funding you earn now, next payment 00:00 UTC+0.2242%/8h= +245.5% APRnext payment +$2.80 per $10,000 · paid last 24h +0.187%
Price spread now: Hyperliquid against Kraken Futures+0.278%50s7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$277as 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−$1000.998% of the position
Funding, last 7 days−1.772%−$177 on $10k
+Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.278%, 7d avg +0.095%
=Together, before fees−1.891%+ Points / potential airdropHyperliquid: Season 2 · farm board−$189 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$67 a day on $10k at the current rate, and Hyperliquid is 0.183% dearer against Kraken Futures than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.095%. Mind the row above: over the last 7 days funding on this pair cost −1.772%, 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 | Kraken Futures PF_ENSUSD | 6.7535 | −0.1944 | get 0.0243% / 1h | 30m 31s | $93K | $446K | 20x |
| Short | Hyperliquid ENS | 6.7723 | 0.0298 | get 0.0037% / 1h | 30m 31s | $3.1M | $411K | 5x |
Kraken Futures PF_ENSUSD
Hyperliquid ENSFunding 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
- $470.82
- Price spread: +0.278% → +0.095%
- $18.3
- Slippage, 4 orders
- −$80.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $389.28
- Costs to cover
- 0.998%
- Break-even
- 1.2 days
Slippage from Kraken Futures: live order book, 47 min ago; Hyperliquid: live order book, 1 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 Kraken Futures live order book, 47 min ago | 14.06 bp | 29.7 bp −$30 | 604.5 bp −$6,045 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 2.14 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
ENS on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ENSUSDlong | −0.1944% | 1h | 6.7535 | long leg | $93K | $446K | 20x | |
| Gate ENS_USDT | −0.0255% | 8h | 6.7360 | −0.260% | $458K | $584K | 75x | as long as short |
| Variational Omni ENS | −0.0090% | 8h | 6.7592 | +0.084% | $111K | $5K | — | as long as short |
| OKX ENS-USDT-SWAP | −0.0080% | 8h | 6.7520 | −0.023% | $2.4M | $3.5M | 20x | as long as short |
| ApeX Omni ENSUSDT | −0.0046% | 1h | 6.7760 | +0.332% | $24K | $607K | 50x | as long as short |
| Bitget ENSUSDT | −0.0038% | 8h | 6.7500 | −0.053% | $2.9M | $1.3M | 75x | as long as short |
| Bybit ENSUSDT | −0.0017% | 8h | 6.7520 | −0.023% | $5.4M | $3.8M | 75x | as long as short |
| Aster ENSUSDT | +0.0037% | 8h | 6.7521 | −0.022% | $10K | $97K | 10x | as long as short |
| Binance ENSUSDT | +0.0100% | 8h | 6.7545 | +0.014% | $5.5M | $13.8M | 75x | as long as short |
| MEXC ENS_USDT | +0.0100% | 8h | 6.7540 | +0.007% | $5.5M | $860K | 75x | as long as short |
Gate ENS_USDT
Variational Omni ENS
OKX ENS-USDT-SWAP
ApeX Omni ENSUSDT
Bitget ENSUSDT
Bybit ENSUSDT
Aster ENSUSDT
Binance ENSUSDT
MEXC ENS_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ENSUSDTM | +0.0100% | 8h | 6.7530 | −0.008% | $1.8M | $138K | 50x | as long as short |
| BingX ENS-USDT | +0.0100% | 8h | 6.7520 | −0.023% | — | $3.6M | — | as long as short |
| Extended ENS-USD | +0.0104% | 1h | 6.7514 | −0.032% | $1K | $181K | 10x | as long as short |
| BloFin ENS-USDT | +0.0109% | 8h | 6.7670 | +0.199% | $319K | $75K | 20x | as long as short |
| Hyperliquid ENSshort | +0.0298% | 1h | 6.7723 | +0.278% | $3.1M | $411K | 5x |
KuCoin ENSUSDTM
BingX ENS-USDT
Extended ENS-USD
BloFin ENS-USDT