Funding you earn now, next payment 08:00 UTC−0.1523%/8h= −166.8% APRnext payment −$1.90 per $10,000 · paid last 24h −0.213%
Price spread now: Hyperliquid against Kraken Futures+0.119%50s7-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
The price spread pays, funding is against you. Hyperliquid is 0.119% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.119% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 6 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SYRUPUSD | 0.2199 | 0.1623 | pay 0.0203% / 1h | 58m 35s | $40K | $23K | 10x |
| Short | Hyperliquid SYRUP | 0.2201 | 0.0100 | get 0.0013% / 1h | 58m 35s | $5.4M | $1.9M | 3x |
Kraken Futures PF_SYRUPUSD
Hyperliquid SYRUPFunding 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
- −$319.86
- Price spread: +0.119% → 0.000%
- $11.87
- 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
- −$326.99
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 3 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, 3 min ago | 1.14 bp | doesn't fit | 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.
SYRUP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter SYRUP | +0.0096% | 1h | 0.2200 | +0.064% | $200K | $220K | 5x | as long as short |
| Hyperliquid SYRUPshort | +0.0100% | 1h | 0.2201 | +0.119% | $5.4M | $1.9M | 3x | |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2196 | −0.109% | $14K | $73K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2197 | −0.076% | $8.9M | $7.4M | 25x | as long as short |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2199 | +0.014% | $2.1M | $2.5M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2197 | −0.077% | $1.0M | $1.1M | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2195 | −0.164% | $403K | $62K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2197 | −0.077% | $2.9M | $409K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2205 | +0.287% | $1.9M | $156K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2199 | +0.014% | $696K | $484K | 20x | as long as short |
Lighter SYRUP
Aster SYRUPUSDT
Binance SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2197 | −0.059% | — | $6.5M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2195 | −0.161% | $157K | $25K | — | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2198 | −0.034% | — | — | 5x | as long as short |
| BloFin SYRUP-USDT | +0.0160% | 4h | 0.2196 | −0.136% | $418K | $116K | 50x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0313% / S −0.1301% | 1h | 0.2197 | −0.070% | $2K | — | 50x | as long as short |
| Kraken Futures PF_SYRUPUSDlong | +0.1623% | 1h | 0.2199 | long leg | $40K | $23K | 10x |
BingX SYRUP-USDT
Variational Omni SYRUP
Reya SYRUPRUSDPERP
BloFin SYRUP-USDT
GMX SYRUP/USD [ETH-USDC]