Funding you earn now, next payment 22:00 UTC−0.0525%/8h= −57.5% APRnext payment −$0.66 per $10,000 · paid last 24h −0.349%
Price spread now: Kraken Futures against Hyperliquid+0.365%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$279as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1581.585% of the position
Funding, last 7 days−1.206%−$121 on $10k
+Price spread, last 3 days (all we have)+0.228%+$23 · spread now +0.365%, 7d avg +0.062%
=Together, before fees−0.978%+ Points / potential airdropHyperliquid: Season 2 · farm board−$98 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.303% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.365% now, against its 7-day average of +0.062%): +$30 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZETA | 0.06021 | 0.0100 | pay 0.0013% / 1h | 30m 06s | $1.7M | $3.7M | 3x |
| Short | Kraken Futures PF_ZETAUSD | 0.06043 | −0.0425 | pay 0.0053% / 1h | 30m 06s | $67K | $630K | 10x |
Hyperliquid ZETA
Kraken Futures PF_ZETAUSDFunding 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
- −$110.35
- Price spread: +0.365% → +0.062%
- $30.34
- Slippage, 4 orders
- −$139.5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$238.5
- Costs to cover
- 1.585%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 1 min ago; Kraken Futures: live order book, 58 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, 1 min ago | 4.16 bp | 25.1 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 58 min ago | 25.99 bp | 62.0 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
ZETA 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZETA_USDT | −0.0602% | 4h | 0.06039 | +0.299% | $607K | $9.4M | 25x | as long as short |
| KuCoin ZETAUSDTM | −0.0502% | 4h | 0.06038 | +0.282% | $1.2M | $5.1M | 20x | as long as short |
| Kraken Futures PF_ZETAUSDshort | −0.0425% | 1h | 0.06043 | +0.365% | $67K | $630K | 10x | |
| BloFin ZETA-USDT | −0.0236% | 4h | 0.06010 | −0.183% | $402K | $1.0M | 50x | as long as short |
| Binance ZETAUSDT | −0.0225% | 4h | 0.06022 | +0.017% | $8.3M | $301.4M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0220% | 4h | 0.06036 | +0.249% | $1.5M | $11.5M | 50x | as long as short |
| BingX ZETA-USDT | −0.0206% | 4h | 0.06025 | +0.066% | — | $6.7M | — | as long as short |
| OKX ZETA-USDT-SWAP | −0.0153% | 4h | 0.06021 | 0.000% | $1.1M | $46.1M | 20x | as long as short |
| Variational Omni ZETA | −0.0076% | 4h | 0.06013 | −0.129% | $142K | $695K | — | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +7.291% | $1K | $5K | 5.5x | as long as short |
Gate ZETA_USDT
KuCoin ZETAUSDTM
BloFin ZETA-USDT
Binance ZETAUSDT
MEXC ZETA_USDT
BingX ZETA-USDT
OKX ZETA-USDT-SWAP
Variational Omni ZETA
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZETAUSDT | +0.0053% | 4h | 0.06018 | −0.050% | $5.3M | $77.7M | 25x | as long as short |
| Hyperliquid ZETAlong | +0.0100% | 1h | 0.06021 | long leg | $1.7M | $3.7M | 3x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06029 | +0.133% | $2.2M | $57.4M | 50x | as long as short |
Bybit ZETAUSDT
Bitget ZETAUSDT