WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0218%/8h= +23.9% APRnext payment +$0.27 per $10,000 · paid last 24h −0.053%

Price spread now: Kraken Futures against Hyperliquid−0.111%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

Price spread, last 3 days (all we have)+0.245%+$25 · spread now −0.111%, 7d avg −0.010%

Together, before fees+0.070%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.101% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.010%). If the spread goes back, that is −$10 on $10k: about 37 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.175%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid WIF	0.2458	0.0100	pay 0.0013% / 1h	57m 52s	$7.6M	$4.0M	5x
Short	Kraken Futures PF_WIFUSD	0.2455	0.0318	get 0.0040% / 1h	57m 52s	$654K	$2.2M	50x

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 −0.111%Rate

Funding earned: $45.77
Price spread: −0.111% → −0.010%: −$10.1
Slippage, 4 orders: −$50.96
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$34.29
Costs to cover: 0.700%
Break-even: 12.2 days

Slippage from Hyperliquid: live order book, 4 min ago; Kraken Futures: live order book, 1 min ago.

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, 4 min ago	2.24 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	8.15 bp	19.8 bp −$20	52.4 bp −$524	doesn't fit	doesn't fit

WIF on 32 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
Backpack WIF_USDC_PERP	−0.0676%	1h	0.2453	−0.203%	$75K	$246K	10x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0158%	1h	0.2453	−0.203%	$48K	$289K	25x	as long as short
KuCoin WIFUSDTM	−0.0018%	4h	0.2455	−0.122%	$4.3M	$11.3M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2456	−0.095%	$18K	$582	10x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2454	−0.180%	$15K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2395	−2.563%	$10K	$10K	12x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2453	−0.203%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2456	−0.065%	$134K	$555K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2456	−0.081%	$55K	$484K	20x	as long as short
Hyperliquid WIFlong	+0.0100%	1h	0.2458	long leg	$7.6M	$4.0M	5x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster WIFUSDT	+0.0100%	4h	0.2456	−0.101%	$25K	$255K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2457	−0.031%	$77K	$49K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2456	−0.090%	$18.4M	$101.9M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2453	−0.199%	$17.0M	$35.5M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2454	−0.163%	$6.1M	$32.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2454	−0.163%	$1.2M	$6.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2456	−0.081%	$22.3M	$10.7M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2455	−0.122%	$7.6M	$11.8M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2453	−0.203%	—	$2.3M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2444	−0.563%	$72K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2451	−0.272%	$279K	$1.8M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2447	−0.448%	$43K	$620K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2449	−0.366%	$2K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2454	−0.183%	$563	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2454	−0.163%	$170K	$719K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2455	−0.122%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2453	−0.203%	$82K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2453	−0.192%	$6K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0264%	1h	0.2455	−0.122%	$322K	$2.3M	50x	as long as short
Kraken Futures PF_WIFUSDshort	+0.0318%	1h	0.2455	−0.111%	$654K	$2.2M	50x
BloFin WIF-USDT	+0.0340%	4h	0.2452	−0.244%	$994K	$725K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2454	−0.177%	$0	—	15x	as long as short