Funding you earn now, next payment 02:00 UTC+0.0066%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h −0.824%
Price spread now: Hyperliquid against Kraken Futures+0.012%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: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_INITUSD | 0.08288 | 0.0034 | pay 0.0004% / 1h | 12m 00s | $5K | $17K | 10x |
| Short | Hyperliquid INIT | 0.08289 | 0.0100 | get 0.0013% / 1h | 12m 00s | $301K | $230K | 3x |
Kraken Futures PF_INITUSD
Hyperliquid INITFunding 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
- $13.92
- Price spread: +0.012% → 0.000%
- $1.25
- 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
- −$3.83
- Costs to cover
- 0.190%
- Break-even
- 8.9 days
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 28 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, 28 min ago | 1.14 bp | doesn't fit | 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.
INIT 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_INITUSDlong | +0.0034% | 1h | 0.08288 | long leg | $5K | $17K | 10x | |
| Hyperliquid INITshort | +0.0100% | 1h | 0.08289 | +0.012% | $301K | $230K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08289 | +0.010% | $27K | $37K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08286 | −0.024% | $3.4M | $3.7M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08282 | −0.076% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08294 | +0.069% | $137K | $654K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08286 | −0.027% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08285 | −0.039% | $449K | $213K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08283 | −0.064% | $330K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08285 | −0.039% | $431K | $303K | 25x | as long as short |
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08284 | −0.051% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08263 | −0.299% | $26K | $23K | — | as long as short |
BingX INIT-USDT
Variational Omni INIT