Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 5.1045 | −0.0256 | get 0.0032% / 1h | 8m 16s | $99K | $19K | 25x | Long Kraken Futures | |
| SHORT | 5.1009 | +0.0100 | get 0.0013% / 1h | 8m 16s | $421K | $197K | 5x | Short Hyperliquid4% off |
Price gap−0.071%
Funding gap+0.0356% /8h
Funding pays +$11 a day on $10k, but the gap is 0.071% under zero (no 7-day history yet): −$7 if it goes back, about 16 hours of funding. At the last 7 days' pace that is about 40 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$30+0.0356% /8h now · paid +0.299% over the last 7D
Price—spread −0.071% now · no price history on both exchanges yet
Costsno datano order book for Kraken Futures
Result, before costs—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both price histories
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.071%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hZEN on 17 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- Note: Order book unknown—No order-book sample for Kraken Futures: its slippage is not counted.
- Note: Margin at max leverage$400 + $2,000Kraken Futures 25x, Hyperliquid 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$10.69Long Kraken Futures: 24 payments, +$7.69; short Hyperliquid: 24 payments, +$3.00.
- Note: No 7-day spread history−0.071%The gap cannot be compared with its average yet.
- Watch: Long leg is thinner$99K vs $421K OIKraken Futures sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- Watch: KYCKraken Futures Yes · Hyperliquid NoFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0142%/8h × 21 periods+$29.92
Price spread−0.071% → 0−$7.05
Slippage, 4 ordersno data for Kraken Futures—
Fee Kraken Futures bp × 2 orders−$10.00
Fee Hyperliquid bp × 2 orders−$9.00
Net, fees only · 7 days · $10k+$3.87
Costs to cover0.190%Break-even6.1 days
Slippage: Kraken Futures: no order-book sample; Hyperliquid: live order book, 33 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures—————
SELL · SHORTHyperliquid1.3817.1 bp−$17doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Kraken Futures: no data.
TxFlow