Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG0.6008−0.0717get 0.0090% / 1h5m 29s$238K$233K20xLong Kraken Futures
SHORT0.6006+0.0100get 0.0013% / 1h5m 29s$1.7M$5.0M5xShort 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 forecast
Funding−$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
Result−$242−2.42%+ Points / potential airdropHyperliquid: Season 2 · farm board

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 · history
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

/8h

RUNE on 14 exchanges

lowest funding first

Before you open

2 ok · 4 to watch
  • Watch: Thin at this size57.6 / 21.2 bp
    At $10k entering Kraken Futures costs 57.6 bp, fee and slippage, 2.7× Hyperliquid’s.
  • Note: Margin at max leverage$500 + $2,000
    Kraken Futures 20x, Hyperliquid 5x. 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: +$24.52Long 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 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: KYCKraken Futures Yes · Hyperliquid No
    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 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 ago

Cost to enter

taker + slippage from mid, one side
BUY · 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.

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 ↗