Funding you earn now, next payment 04:00 UTC+0.2596%/8h= +284.3% APRnext payment +$3.25 per $10,000 · paid last 24h +0.505%
Price spread now: Hyperliquid against Kraken Futures+0.159%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$78 a day on $10k at the current rate, and Hyperliquid is 0.159% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SUSD | 0.04089 | −0.2496 | get 0.0312% / 1h | 53m 38s | $34K | $13K | 10x |
| Short | Hyperliquid S | 0.04096 | 0.0100 | get 0.0013% / 1h | 53m 38s | $1.0M | $547K | 5x |
Kraken Futures PF_SUSD
Hyperliquid SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kraken Futures. 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
- $545.25
- Price spread: +0.159% → 0.000%
- $15.93
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $542.19
- Costs to cover
- 0.190%
- Break-even
- 0.0 days
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 7 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 7 min ago | 2.31 bp | 21.5 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUSD | −1.0032% | 1h | 0.03970 | −2.917% | $25K | $2K | 5x | as long as short |
| Kraken Futures PF_SUSDlong | −0.2496% | 1h | 0.04089 | long leg | $34K | $13K | 10x | |
| Coinbase International S-PERP-INTX | −0.1376% | 1h | 0.04022 | −1.645% | $48K | $16K | 25x | as long as short |
| ApeX Omni SUSDT | −0.0333% | 1h | 0.04090 | +0.018% | $25K | $453K | 50x | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0206% / S +0.0198% | 1h | 0.04097 | +0.198% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04091 | +0.045% | $4 | — | 15x | as long as short |
| Variational Omni S | −0.0071% | 4h | 0.04095 | +0.148% | $634K | $31K | — | as long as short |
| Deribit S_USDC-PERPETUAL | 0.0000% | 1h | 0.04099 | +0.238% | $69K | $10K | 10x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.04098 | +0.207% | $3K | — | 150x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +0.262% | $2K | $37K | 12x | as long as short |
01 Exchange SUSD
Coinbase International S-PERP-INTX
ApeX Omni SUSDT
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
Variational Omni S
Deribit S_USDC-PERPETUAL
gTrade (Gains Network) S/USD
Injective S/USDC PERPShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_S_USDC | +0.0067% | 4h | 0.04093 | +0.091% | $102K | $308K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.04098 | +0.213% | $172K | $153K | 5x | as long as short |
| Hyperliquid Sshort | +0.0100% | 1h | 0.04096 | +0.159% | $1.0M | $547K | 5x | |
| Aster SUSDT | +0.0100% | 4h | 0.04091 | +0.054% | $45K | $133K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04095 | +0.140% | $5.7M | $13.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04088 | −0.031% | $5.9M | $4.5M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04092 | +0.066% | $1.1M | $4.0M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04092 | +0.066% | $335K | $186K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04094 | +0.115% | $4.0M | $1.7M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04094 | +0.115% | $1.9M | $2.7M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04093 | +0.091% | $1.2M | $2.1M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04092 | +0.066% | — | $6.7M | — | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04091 | +0.034% | $230K | $1.1M | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04089 | −0.007% | $283K | $99K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0382% | 1h | 0.04100 | +0.262% | $120K | $389K | 5x | as long as short |
Orderly PERP_S_USDC
Lighter S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
Extended S-USD
BloFin S-USDT
Backpack S_USDC_PERP