UMA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2543%/8h= +278.4% APRnext payment +$3.18 per $10,000 · paid last 24h +0.431%

Price spread now: Kraken Futures against Hyperliquid+0.369%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

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 +$76 a day on $10k at the current rate, and Kraken Futures is 0.369% dearer against Hyperliquid than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Hyperliquid UMA	0.4050	0.0100	pay 0.0013% / 1h	17m 23s	$214K	$67K	3x
Short	Kraken Futures PF_UMAUSD	0.4065	0.2643	get 0.0330% / 1h	17m 23s	$14K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now +0.369%Rate

Funding earned: $533.96
Price spread: +0.369% → 0.000%: $36.87
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $551.83
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 12 min ago; Kraken Futures: no order-book sample. 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 Hyperliquid live order book, 12 min ago	3.33 bp	38.1 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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.

UMA on 13 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
Hyperliquid UMAlong	+0.0100%	1h	0.4050	long leg	$214K	$67K	3x
Aster UMAUSDT	+0.0100%	4h	0.4054	+0.096%	$25K	$2K	5x	as long as short
Binance UMAUSDT	+0.0100%	4h	0.4048	−0.064%	$1.5M	$1.2M	50x	as long as short
Bybit UMAUSDT	+0.0100%	4h	0.4054	+0.089%	$672K	$157K	25x	as long as short
OKX UMA-USDT-SWAP	+0.0100%	4h	0.4046	−0.109%	$316K	$236K	10x	as long as short
Gate UMA_USDT	+0.0100%	4h	0.4049	−0.035%	$78K	$45K	25x	as long as short
MEXC UMA_USDT	+0.0100%	4h	0.4048	−0.059%	$225K	$163K	50x	as long as short
KuCoin UMAUSDTM	+0.0100%	4h	0.4049	−0.035%	$156K	$63K	30x	as long as short
Bitget UMAUSDT	+0.0100%	4h	0.4053	+0.064%	$976K	$67K	50x	as long as short
BingX UMA-USDT	+0.0100%	4h	0.4049	−0.035%	—	$2.3M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni UMA	+0.0100%	4h	0.4060	+0.243%	$5K	$7	—	as long as short
BloFin UMA-USDT	+0.0116%	4h	0.4054	+0.089%	$75K	$8K	50x	as long as short
Kraken Futures PF_UMAUSDshort	+0.2643%	1h	0.4065	+0.369%	$14K	$6K	10x