IO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.5376%/8h= +588.7% APRnext payment +$6.72 per $10,000 · paid last 24h +4.065%

Price spread now: Kraken Futures against Hyperliquid+0.044%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Kraken Futures

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

Both sides work for this trade now. Funding pays +$161 a day on $10k at the current rate, and Kraken Futures is 0.044% dearer against Hyperliquid than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Hyperliquid IO	0.1501	0.0100	pay 0.0013% / 1h	57m 18s	$1.0M	$399K	3x
Short	Kraken Futures PF_IOUSD	0.1501	0.5476	get 0.0684% / 1h	57m 18s	$39K	$21K	10x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now +0.044%Rate

Funding earned: $1,128.93
Price spread: +0.044% → 0.000%: $4.4
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: $1,114.33
Costs to cover: 0.190%
Break-even: 0.1 days

Slippage unknown: Hyperliquid: live order book, 3 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, 3 min ago	1.00 bp	23.2 bp −$23	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.

IO 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
Injective IO/USDC PERP	−0.0157%	1h	0.1502	+0.087%	$2K	$99	5.5x	as long as short
BloFin IO-USDT	+0.0100%	4h	0.1503	+0.153%	$192K	$30K	50x	as long as short
Hyperliquid IOlong	+0.0100%	1h	0.1501	long leg	$1.0M	$399K	3x
Aster IOUSDT	+0.0100%	4h	0.1501	−0.008%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1501	+0.020%	$3.0M	$6.4M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1499	−0.113%	$1.1M	$893K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1502	+0.067%	$229K	$542K	50x	as long as short
MEXC IO_USDT	+0.0100%	4h	0.1501	+0.020%	$1.1M	$236K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1499	−0.113%	$379K	$652K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1501	+0.020%	$1.4M	$1.1M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1502	+0.087%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1502	+0.088%	$30K	$5K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1501	+0.008%	$5K	$171K	5x	as long as short
Kraken Futures PF_IOUSDshort	+0.5476%	1h	0.1501	+0.044%	$39K	$21K	10x