Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.6008 | −0.0717 | get 0.0090% / 1h | 5m 29s | $238K | $233K | 20x | Long Kraken Futures | |
| SHORT | 0.6006 | +0.0100 | get 0.0013% / 1h | 5m 29s | $1.7M | $5.0M | 5x | Short Hyperliquid4% off |
Price gap−0.035%
Funding gap+0.0817% /8h
Funding pays +$25 a day on $10k, but the gap is 0.063% under its 7d average: −$6 if it goes back, about 6 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$51+0.0817% /8h now · paid −0.506% over the last 7D
Price−$6spread −0.035% now, avg +0.028% → −0.063% if it goes back
Costs−$1851.849% of $10k · taker + slippage, in and out
The current funding rate is far above 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−0.035%
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 size57.6 / 21.2 bpAt $10k entering Kraken Futures costs 57.6 bp, fee and slippage, 2.7× Hyperliquid’s.
- Note: Margin at max leverage$500 + $2,000Kraken Futures 20x, Hyperliquid 5x. 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: +$24.52Long Kraken Futures: 24 payments, +$21.52; short Hyperliquid: 24 payments, +$3.00.
- Watch: Gap narrower than usual−0.035% vs +0.028%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$238K 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: KYCKraken Futures Yes · Hyperliquid NoFull 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 spread−0.035% → +0.028% (7d avg)−$6.26
Slippage, 4 orderslive order books−$165.94
Fee Kraken Futures bp × 2 orders−$10.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$241.78
Costs to cover1.849%Break-evennever at this rate
Slippage: Kraken Futures: live order book, 45 min ago; Hyperliquid: live order book, 9 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures46.3857.6 bp−$58doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTHyperliquid2.9921.2 bp−$21doesn’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 ↗ |


BloFin
Deribit