Funding you earn now, next payment 06:00 UTC−0.1258%/8h= −137.8% APRnext payment −$1.57 per $10,000 · paid last 24h −0.325%
Price spread now: Kraken Futures against Hyperliquid+0.015%7-day average — · you sell dearer than you buy
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$38 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GMT | 0.008606 | 0.0100 | pay 0.0013% / 1h | 0m 05s | $114K | $153K | 3x |
| Short | Kraken Futures PF_GMTUSD | 0.008607 | −0.1158 | pay 0.0145% / 1h | 0m 05s | $44K | $13K | 20x |
Hyperliquid GMT
Kraken Futures PF_GMTUSDFunding 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
- −$264.28
- Price spread: +0.015% → 0.000%
- $1.51
- 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
- −$281.78
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 69 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, 69 min ago | 1.18 bp | 31.0 bp −$31 | 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.
GMT on 12 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_GMTUSDshort | −0.1158% | 1h | 0.008607 | +0.015% | $44K | $13K | 20x | |
| Bybit GMTUSDT | −0.0378% | 8h | 0.008610 | +0.046% | $1.1M | $2.1M | 50x | as long as short |
| Variational Omni GMT | −0.0311% | 8h | 0.008603 | −0.030% | $4K | $6K | — | as long as short |
| OKX GMT-USDT-SWAP | −0.0245% | 4h | 0.008597 | −0.105% | $396K | $1.3M | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0224% | 4h | 0.008600 | −0.070% | $248K | $185K | 50x | as long as short |
| BingX GMT-USDT | +0.0094% | 4h | 0.008607 | +0.012% | — | $1.3M | — | as long as short |
| Hyperliquid GMTlong | +0.0100% | 1h | 0.008606 | long leg | $114K | $153K | 3x | |
| Aster GMTUSDT | +0.0100% | 4h | 0.008612 | +0.065% | $7K | $23K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008607 | +0.008% | $2.9M | $5.4M | 50x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008610 | +0.046% | $150K | $179K | 50x | as long as short |
Bybit GMTUSDT
Variational Omni GMT
OKX GMT-USDT-SWAP
KuCoin GMTUSDTM
BingX GMT-USDT
Aster GMTUSDT
Binance GMTUSDT
Gate GMT_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC GMT_USDT | +0.0100% | 4h | 0.008607 | +0.012% | $426K | $214K | 20x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008606 | 0.000% | $685K | $637K | 50x | as long as short |
MEXC GMT_USDT
Bitget GMTUSDT