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Funding arb · Price arb /

GOAT

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Alert: funding
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC−0.1114%/8h= −122.0% APRnext payment −$1.39 per $10,000 · paid last 24h −0.228%
Price spread now: Hyperliquid against Kraken Futures+0.115%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Hyperliquid
What this pair did over the last
the charts below follow
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 pays, funding is against you. Hyperliquid is 0.115% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.115% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 8 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_GOATUSD0.018330.3366pay 0.0421% / 1h51m 48s$30K$4K10x
ShortHyperliquid GOAT0.018350.2252get 0.0281% / 1h51m 48s$1.2M$441K3x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$233.9
Price spread: +0.115% → 0.000%
$11.46
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
−$241.45
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell Hyperliquid live order book, 9 min ago1.36 bp20.7 bp −$21doesn't fitdoesn't fitdoesn'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.

GOAT on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit GOATUSDT+0.0100%4h0.01829−0.202%$1.9M$1.0M25xas long as short
Gate GOAT_USDT+0.0100%4h0.01834+0.082%$276K$168K25xas long as short
KuCoin GOATUSDTM+0.0100%4h0.01834+0.060%$365K$147K30xas long as short
Variational Omni GOAT+0.0100%4h0.01837+0.207%$6K$18K—as long as short
BloFin GOAT-USDT+0.0227%4h0.01844+0.606%$119K$15K25xas long as short
MEXC GOAT_USDT+0.0278%4h0.01835+0.115%$420K$155K200xas long as short
BingX GOAT-USDT+0.0280%4h0.01831−0.104%—$6.6M—as long as short
Binance GOATUSDT+0.0290%4h0.01835+0.115%$1.8M$2.8M25xas long as short
Orderly PERP_GOAT_USDC+0.2038%4h0.01838+0.278%$3K$2K10xas long as short
Hyperliquid GOATshort+0.2252%1h0.01835+0.115%$1.2M$441K3x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GOATUSDlong+0.3366%1h0.01833long leg$30K$4K10x