Funding you earn now, next payment 02:00 UTC+0.2781%/8h= +304.5% APRnext payment +$3.48 per $10,000 · paid last 24h +0.315%
Price spread now: Kraken Futures against Hyperliquid+0.095%7-day average +0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.192%+$119 on $10k
+Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.095%, 7d avg +0.050%
=Together, before fees+1.234%+ Points / potential airdropHyperliquid: Season 2 · farm board+$123 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$83 a day on $10k at the current rate, and Kraken Futures is 0.045% dearer against Hyperliquid than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.050%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.192% in total (about 62.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEN | 7.7200 | 0.0430 | pay 0.0054% / 1h | 53m 41s | $2.4M | $1.7M | 5x |
| Short | Kraken Futures PF_ZENUSD | 7.7274 | 0.3211 | get 0.0401% / 1h | 53m 41s | $506K | $1.0M | 25x |
Hyperliquid ZEN
Kraken Futures PF_ZENUSDFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $584
- Price spread: +0.095% → +0.050%
- $4.52
- 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
- $569.53
- Costs to cover
- 0.190%
- Break-even
- 0.2 days
Slippage unknown: Hyperliquid: live order book, 7 min ago; Kraken Futures: live order book, 5 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 Hyperliquid live order book, 7 min ago | 1.80 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 33.51 bp | 49.0 bp −$49 | 149.1 bp −$1,491 | doesn't fit | doesn't fit |
ZEN on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni ZENUSDT | −0.0705% | 1h | 7.7420 | +0.285% | $26K | $688K | 50x | as long as short |
| dYdX ZEN-USD | 0.0000% | 1h | 7.7073 | −0.165% | $9K | — | 5x | as long as short |
| Variational Omni ZEN | +0.0044% | 8h | 7.6923 | −0.359% | $51K | $85K | — | as long as short |
| Aster ZENUSDT | +0.0100% | 8h | 7.6960 | −0.311% | $55K | $382K | 10x | as long as short |
| Binance ZENUSDT | +0.0100% | 8h | 7.7117 | −0.107% | $11.2M | $31.5M | 75x | as long as short |
| Bybit ZENUSDT | +0.0100% | 8h | 7.7090 | −0.142% | $4.6M | $6.1M | 75x | as long as short |
| OKX ZEN-USDT-SWAP | +0.0100% | 4h | 7.7080 | −0.155% | $2.3M | $5.6M | 50x | as long as short |
| MEXC ZEN_USDT | +0.0100% | 8h | 7.7100 | −0.130% | $12.2M | $5.3M | 200x | as long as short |
| KuCoin ZENUSDTM | +0.0100% | 8h | 7.7070 | −0.168% | $4.4M | $4.8M | 50x | as long as short |
| Bitget ZENUSDT | +0.0100% | 8h | 7.7120 | −0.104% | $2.9M | $3.5M | 50x | as long as short |
ApeX Omni ZENUSDT
dYdX ZEN-USD
Variational Omni ZEN
Aster ZENUSDT
Binance ZENUSDT
Bybit ZENUSDT
OKX ZEN-USDT-SWAP
MEXC ZEN_USDT
KuCoin ZENUSDTM
Bitget ZENUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZEN-USDT | +0.0100% | 8h | 7.7070 | −0.168% | — | $3.3M | — | as long as short |
| GRVT ZEN_USDT_Perp | +0.0100% | 8h | 7.6960 | −0.310% | $586K | $1.8M | 10x | as long as short |
| SunX ZEN-USDT | +0.0100% | 8h | 7.6820 | −0.492% | $1K | $1.4M | 20x | as long as short |
| Extended ZEN-USD | +0.0104% | 1h | 7.7080 | −0.155% | $22K | $117K | 5x | as long as short |
| BloFin ZEN-USDT | +0.0220% | 8h | 7.6840 | −0.466% | $860K | $1.7M | 75x | as long as short |
| Hyperliquid ZENlong | +0.0430% | 1h | 7.7200 | long leg | $2.4M | $1.7M | 5x | |
| Kraken Futures PF_ZENUSDshort | +0.3211% | 1h | 7.7274 | +0.095% | $506K | $1.0M | 25x |
BingX ZEN-USDT
GRVT ZEN_USDT_Perp
SunX ZEN-USDT
Extended ZEN-USD
BloFin ZEN-USDT