Funding you earn now, next payment 07:00 UTC+0.0642%/8h= +70.3% APRnext payment +$0.80 per $10,000 · paid last 24h −0.178%
Price spread now: Hyperliquid against Kraken Futures+0.242%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.734%+$73 on $10k
+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 +$19 a day on $10k at the current rate, and Hyperliquid is 0.242% dearer against Kraken Futures than usual: you sell high and buy low: +$24 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 | Kraken Futures PF_ORDIUSD | 4.8927 | −0.0542 | get 0.0068% / 1h | 35m 44s | $70K | $44K | 25x |
| Short | Hyperliquid ORDI | 4.9045 | 0.0100 | get 0.0013% / 1h | 35m 44s | $707K | $667K | 3x |
Kraken Futures PF_ORDIUSD
Hyperliquid ORDIFunding 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
- $134.84
- Price spread: +0.242% → 0.000%
- $24.21
- 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
- $140.05
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 34 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, 34 min ago | 2.43 bp | 20.3 bp −$20 | 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.
ORDI on 19 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_ORDIUSDlong | −0.0542% | 1h | 4.8927 | long leg | $70K | $44K | 25x | |
| Gate ORDI_USDT | −0.0056% | 4h | 4.8950 | +0.048% | $1.2M | $2.7M | 50x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8960 | +0.069% | $34K | $577 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.901% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0065% | 4h | 4.9060 | +0.273% | $600K | $315K | 75x | as long as short |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.9045 | +0.242% | $707K | $667K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8997 | +0.144% | $3K | $432K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8982 | +0.114% | $10.0M | $34.6M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8930 | +0.007% | $4.1M | $4.7M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8920 | −0.013% | $5.2M | $18.2M | 20x | as long as short |
Gate ORDI_USDT
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAPShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8980 | +0.109% | $6.5M | $3.3M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8986 | +0.122% | $995K | $828K | 50x | as long as short |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8960 | +0.068% | $2.8M | $3.5M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.8980 | +0.109% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8916 | −0.021% | $26K | $42K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8870 | −0.116% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8940 | +0.028% | $85K | $438K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8961 | +0.071% | $7K | $155K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.8949 | +0.046% | $8K | — | 100x | as long as short |
MEXC ORDI_USDT
KuCoin ORDIUSDTM
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]