NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.6052%/8h= −662.7% APRnext payment −$7.56 per $10,000 · paid last 24h −0.712%

Price spread now: Hyperliquid against Kraken Futures−0.609%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short 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

Both sides work against this trade now: funding costs −$182 a day on $10k at the current rate, and Hyperliquid is 0.609% cheaper against Kraken Futures than usual: you would sell low and buy high (−$61 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_NOTUSD	0.0005081	0.6152	pay 0.0769% / 1h	51m 03s	$49K	$9K	10x
Short	Hyperliquid NOT	0.0005050	0.0100	get 0.0013% / 1h	51m 03s	$369K	$51K	3x

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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now −0.609%Rate

Funding earned: −$1,270.84
Price spread: −0.609% → 0.000%: −$60.91
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: −$1,350.75
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 19 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, 19 min ago	9.93 bp	14.4 bp −$14	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.

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	−0.0155%	4h	0.0005041	−0.795%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.073%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005053	−0.546%	$11K	$5K	3x	as long as short
Hyperliquid NOTshort	+0.0100%	1h	0.0005050	−0.609%	$369K	$51K	3x
Aster NOTUSDT	+0.0100%	4h	0.0005043	−0.751%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005043	−0.753%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005036	−0.885%	$2.1M	$806K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005035	−0.904%	$611K	$575K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005040	−0.806%	$140K	$78K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005042	−0.767%	$1.3M	$456K	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	0.0005043	−0.747%	$493K	$118K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005048	−0.648%	$663K	$383K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005043	−0.747%	—	$7.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005042	−0.761%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0158%	4h	0.0005043	−0.747%	$111K	$17K	50x	as long as short
Kraken Futures PF_NOTUSDlong	+0.6152%	1h	0.0005081	long leg	$49K	$9K	10x