WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.051%

Price spread now: Hyperliquid against Kraken Futures+0.298%50s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$730.732% of the position

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 3 days (all we have)−0.439%−$44 · spread now +0.298%, 7d avg +0.006%

Together, before fees−0.269%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.292% dearer against Kraken Futures than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.006%. 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_WIFUSD	0.2365	−0.0077	get 0.0010% / 1h	43m 24s	$619K	$2.1M	50x
Short	Hyperliquid WIF	0.2372	0.0100	get 0.0013% / 1h	43m 24s	$7.4M	$4.0M	5x

Funding 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 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 Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now +0.298%Rate

Funding earned: $37.14
Price spread: +0.298% → +0.006%: $29.17
Slippage, 4 orders: −$54.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$6.84
Costs to cover: 0.732%
Break-even: 8.3 days

Slippage from Kraken Futures: live order book, 5 min ago; Hyperliquid: live order book, 9 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 Kraken Futures live order book, 5 min ago	4.23 bp	27.9 bp −$28	65.0 bp −$650	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	1.05 bp	13.5 bp −$13	doesn't fit	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	−0.0881%	1h	0.2361	−0.180%	$72K	$233K	10x	as long as short
Injective WIF/USDC PERP	−0.0321%	1h	0.2395	+1.274%	$10K	$10K	12x	as long as short
KuCoin WIFUSDTM	−0.0202%	4h	0.2366	+0.048%	$4.2M	$11.2M	75x	as long as short
Deribit WIF_USDC-PERPETUAL	−0.0172%	1h	0.2371	+0.259%	$47K	$289K	25x	as long as short
Variational Omni WIF	−0.0093%	4h	0.2361	−0.184%	$67K	$47K	—	as long as short
Kraken Futures PF_WIFUSDlong	−0.0077%	1h	0.2365	long leg	$619K	$2.1M	50x
Gate WIF_USDT	−0.0050%	4h	0.2368	+0.133%	$1.2M	$6.9M	50x	as long as short
GRVT WIF_USDT_Perp	−0.0024%	4h	0.2360	−0.225%	$263K	$1.8M	10x	as long as short
Aster WIFUSDT	−0.0011%	4h	0.2368	+0.115%	$23K	$254K	10x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2366	+0.043%	$18K	$582	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2369	+0.163%	$14K	—	150x	as long as short
Orderly PERP_WIF_USDC	+0.0090%	4h	0.2368	+0.133%	$4K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2367	+0.082%	$131K	$540K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2369	+0.175%	$53K	$482K	20x	as long as short
Hyperliquid WIFshort	+0.0100%	1h	0.2372	+0.298%	$7.4M	$4.0M	5x
Pacifica WIF	+0.0100%	1h	0.2367	+0.086%	$75K	$48K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2368	+0.152%	$17.5M	$99.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2368	+0.133%	$16.6M	$34.6M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2368	+0.133%	$6.0M	$29.9M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2368	+0.133%	$21.2M	$10.8M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2369	+0.175%	$7.2M	$11.5M	50x	as long as short
BingX WIF-USDC	+0.0100%	4h	0.2362	−0.121%	—	$2.3M	—	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2361	−0.163%	$41K	$617K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2360	−0.206%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2362	−0.100%	$533	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2361	−0.163%	$163K	$718K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2368	+0.143%	$10K	$153K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2369	+0.159%	$79K	$85	3x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L +0.0121% / S −0.0546%	1h	0.2369	+0.186%	$4K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0272%	1h	0.2366	+0.048%	$309K	$2.3M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2360	−0.206%	$977K	$687K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2367	+0.108%	$0	—	15x	as long as short