NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.6970%/8h= +763.2% APRnext payment +$8.71 per $10,000 · paid last 24h +0.524%

Price spread now: Kraken Futures against Hyperliquid+0.623%7-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 +$209 a day on $10k at the current rate, and Kraken Futures is 0.623% dearer against Hyperliquid than usual: you sell high and buy low: +$62 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid NOT	0.0005050	0.0100	pay 0.0013% / 1h	56m 41s	$369K	$51K	3x
Short	Kraken Futures PF_NOTUSD	0.0005081	0.7070	get 0.0884% / 1h	56m 41s	$49K	$9K	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 +0.623%Rate

Funding earned: $1,463.71
Price spread: +0.623% → 0.000%: $62.31
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: $1,507.03
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 27 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, 27 min ago	9.89 bp	19.2 bp −$19	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.

NOT on 16 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
Variational Omni NOT	+0.0020%	4h	0.0005049	−0.028%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.485%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005054	+0.079%	$11K	$5K	3x	as long as short
Hyperliquid NOTlong	+0.0100%	1h	0.0005050	long leg	$369K	$51K	3x
Aster NOTUSDT	+0.0100%	4h	0.0005040	−0.190%	$14K	$13K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005045	−0.099%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005039	−0.218%	$2.1M	$822K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005042	−0.158%	$611K	$586K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005043	−0.139%	$140K	$76K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005045	−0.099%	$1.4M	$479K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005037	−0.257%	$489K	$121K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005048	−0.040%	$665K	$381K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005041	−0.178%	—	$720K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005044	−0.111%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0124%	4h	0.0005044	−0.119%	$113K	$17K	50x	as long as short
Kraken Futures PF_NOTUSDshort	+0.7070%	1h	0.0005081	+0.623%	$49K	$9K	10x