Funding you earn now, next payment 07:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.23 per $10,000 · paid last 24h −0.360%
Price spread now: Kraken Futures against Hyperliquid−0.533%50s7-day average −0.306% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.901%−$90 on $10k
+Price spread, last 4 days (all we have)−0.507%−$51 · spread now −0.533%, 7d avg −0.306%
=Together, before fees−1.407%+ Points / potential airdropHyperliquid: Season 2 · farm board−$141 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.227% cheaper against Hyperliquid than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.306%). Swap the legs. 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 POPCAT | 0.05752 | 0.0582 | pay 0.0073% / 1h | 37m 26s | $2.7M | $1.4M | 3x |
| Short | Kraken Futures PF_POPCATUSD | 0.05722 | 0.0394 | get 0.0049% / 1h | 37m 26s | $152K | $155K | 20x |
Hyperliquid POPCAT
Kraken Futures PF_POPCATUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$39.48
- Price spread: −0.533% → −0.306%
- −$22.72
- 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
- −$81.19
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Kraken Futures: live order book, 5 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 Hyperliquid live order book, 4 min ago | 2.44 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 25.32 bp | 53.3 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.4288% | 1h | 0.05642 | −1.917% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05742 | −0.177% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | +0.0021% | 4h | 0.05716 | −0.622% | $485K | $176K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05737 | −0.266% | $102K | $57K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05742 | −0.177% | $2.5M | $7.8M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05727 | −0.440% | $9.1M | $7.2M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05738 | −0.249% | $694K | $1.7M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05725 | −0.475% | $444K | $571K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05741 | −0.196% | $1.9M | $1.0M | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05732 | −0.353% | $1.1M | $1.0M | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05732 | −0.353% | $1.2M | $1.0M | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05732 | −0.353% | — | $6.8M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05730 | −0.388% | $22K | $656K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05742 | −0.186% | $95K | $379K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0230% | 4h | 0.05739 | −0.231% | $249K | $511K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05728 | −0.422% | $131K | $357K | 50x | as long as short |
| Kraken Futures PF_POPCATUSDshort | +0.0394% | 1h | 0.05722 | −0.533% | $152K | $155K | 20x | |
| Hyperliquid POPCATlong | +0.0582% | 1h | 0.05752 | long leg | $2.7M | $1.4M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT