Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.6003 | +0.0100 | pay 0.0013% / 1h | 10m 54s | $1.7M | $5.0M | 5x | Long Hyperliquid4% off | |
| SHORT | 0.6000 | −0.0718 | pay 0.0090% / 1h | 10m 54s | $239K | $230K | 20x | Short Kraken Futures |
Price gap−0.051%56s
Funding gap−0.0818% /8h
Both sides work against this direction now: funding costs $25 a day on $10k and the gap is 0.023% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$51−0.0818% /8h now · paid +0.506% over the last 7D
Price—spread −0.051%56s now · prices read too far apart to compare
Costs−$1851.849% of $10k · taker + slippage, in and out
Result—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.506% in total, about +0.0241%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.051%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hRUNE on 14 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size23.4 / 82.7 bpAt $10k entering Kraken Futures costs 82.7 bp, fee and slippage, 3.5× Hyperliquid’s.
- Note: Margin at max leverage$2,000 + $500Hyperliquid 5x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$24.55Long Hyperliquid: 24 payments, −$3.00; short Kraken Futures: 24 payments, −$21.55.
- Watch: Prices read 56 s apart−0.051% vs −0.028%Part of this gap may be the market moving.
- Watch: Short leg is thinner$239K vs $1.7M OIKraken Futures sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- Watch: KYCHyperliquid No · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0241%/8h × 21 periods+$50.59
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$165.94
Fee Hyperliquid bp × 2 orders−$9.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k−$134.35
price spread not counted: prices read too far apartCosts to cover1.849%Break-even25.6 days
Slippage: Hyperliquid: live order book, 4 min ago; Kraken Futures: live order book, 39 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid2.9923.4 bp−$23doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKraken Futures46.3882.7 bp−$83doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
RUNE news
posts that mention RUNE, from every exchange| 10-21 09:37 | BloFin | Product | Due to the RUNE (THORChain) network upgrade, BloFin will temporarily suspend deposit and withdrawal services for all tokens on the network at 12:00 UTC on October 23, 2026. Details: @BloFin_Official on X ↗ |
| 09-18 10:04 | Deribit | Listing | 🚨 Now live on Deribit: MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗ |
| 09-17 15:30 | Deribit | Listing | 🚨 More new perpetual futures are coming to Deribit We are pleased to announce that tomorrow, September 18, 2026, at 10:00 AM UTC, Deribit is launching a new lineup of USDC-settled perpetuals. MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM Contract details: 🔹Settlement: USDC 🔹All contract details and specifications 🔽 Please note that these newly listed perpetual contracts are subject to our Auto-Deleveraging Mechanism (ADL) and are covered by the Liquidity Support Program (LSP). By trading any of the products listed above, you acknowledge and agree that the terms of ADL and LSP will apply. @DeribitOfficial on X ↗ |


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