Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.6003+0.0100pay 0.0013% / 1h10m 54s$1.7M$5.0M5xLong Hyperliquid4% off
SHORT0.6000−0.0718pay 0.0090% / 1h10m 54s$239K$230K20xShort 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 forecast
Funding+$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 · history
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

/8h

RUNE on 14 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size23.4 / 82.7 bp
    At $10k entering Kraken Futures costs 82.7 bp, fee and slippage, 3.5× Hyperliquid’s.
  • Note: Margin at max leverage$2,000 + $500
    Hyperliquid 5x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both 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 OI
    Kraken Futures sets your exit cost. Check its book before closing.
  • OK: Points on a legHyperliquid Season 2
    Volume here counts toward the points program.
  • Watch: KYCHyperliquid No · Kraken Futures Yes
    Full 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 out
Position, each leg
Hold for
Orders
Price spread
Funding 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 apart
Costs to cover1.849%Break-even25.6 days
Slippage: Hyperliquid: live order book, 4 min ago; Kraken Futures: live order book, 39 min ago

Cost to enter

taker + slippage from mid, one side
BUY · 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.

Alert

RUNE news

posts that mention RUNE, from every exchange
10-21 09:37BloFinProductDue 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 10:04DeribitListing🚨 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 15:30DeribitListing🚨 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 ↗