Funding you earn now, next payment 04:00 UTC−0.0214%/8h= −23.4% APRnext payment −$0.27 per $10,000 · paid last 24h −0.103%
Price spread now: Hyperliquid against Kraken Futures−0.057%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Hyperliquid is 0.057% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ALTUSD | 0.007612 | 0.0314 | pay 0.0039% / 1h | 24m 06s | $44K | $8K | 10x |
| Short | Hyperliquid ALT | 0.007608 | 0.0100 | get 0.0013% / 1h | 24m 06s | $1.1M | $186K | 3x |
Kraken Futures PF_ALTUSD
Hyperliquid ALTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.95
- Price spread: −0.057% → 0.000%
- −$5.66
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$69.61
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 6 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 6 min ago | 3.29 bp | 17.2 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ALTshort | +0.0100% | 1h | 0.007608 | −0.057% | $1.1M | $186K | 3x | |
| Binance ALTUSDT | +0.0100% | 4h | 0.007609 | −0.043% | $2.6M | $3.8M | 50x | as long as short |
| Bybit ALTUSDT | +0.0100% | 4h | 0.007603 | −0.122% | $1.2M | $1.8M | 25x | as long as short |
| Gate ALT_USDT | +0.0100% | 8h | 0.007607 | −0.070% | $51K | $414K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007614 | +0.022% | $385K | $187K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007609 | −0.043% | $151K | $21K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007595 | −0.227% | $597K | $112K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007610 | −0.030% | — | $1.3M | — | as long as short |
| Variational Omni ALT | +0.0100% | 4h | 0.007595 | −0.226% | $4K | $16K | — | as long as short |
| BloFin ALT-USDT | +0.0154% | 4h | 0.007600 | −0.162% | $172K | $10K | 50x | as long as short |
Binance ALTUSDT
Bybit ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDT
BingX ALT-USDT
Variational Omni ALT
BloFin ALT-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALT_USDC-PERPETUAL | +0.0276% | 1h | 0.007614 | +0.022% | — | $0 | 25x | as long as short |
| Kraken Futures PF_ALTUSDlong | +0.0314% | 1h | 0.007612 | long leg | $44K | $8K | 10x | |
| Coinbase International ALT-PERP-INTX | +0.0456% | 1h | 0.007600 | −0.162% | $14K | $3K | 50x | as long as short |
| Injective ALT/USDC PERP | +0.5000% | 1h | 0.007691 | +1.034% | $837 | $4K | 5.5x | as long as short |
Deribit ALT_USDC-PERPETUAL
Coinbase International ALT-PERP-INTX
Injective ALT/USDC PERP