Funding you earn now, next payment 02:00 UTC+0.0737%/8h= +80.7% APRnext payment +$0.92 per $10,000 · paid last 24h +0.316%
Price spread now: Hyperliquid against Kraken Futures+0.184%50s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$22 a day on $10k at the current rate, and Hyperliquid is 0.184% dearer against Kraken Futures than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). 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_GMTUSD | 0.008608 | −0.0637 | get 0.0080% / 1h | 59m 25s | $45K | $13K | 20x |
| Short | Hyperliquid GMT | 0.008624 | 0.0100 | get 0.0013% / 1h | 59m 25s | $126K | $141K | 3x |
Kraken Futures PF_GMTUSD
Hyperliquid GMTFunding 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
- $154.86
- Price spread: +0.184% → 0.000%
- $18.4
- 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
- $154.26
- Costs to cover
- 0.190%
- Break-even
- 0.0 days
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 40 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, 40 min ago | 1.71 bp | 34.1 bp −$34 | 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.
GMT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSDlong | −0.0637% | 1h | 0.008608 | long leg | $45K | $13K | 20x | |
| KuCoin GMTUSDTM | −0.0382% | 4h | 0.008630 | +0.254% | $287K | $190K | 50x | as long as short |
| Bybit GMTUSDT | −0.0255% | 8h | 0.008621 | +0.149% | $1.1M | $1.9M | 50x | as long as short |
| Gate GMT_USDT | −0.0222% | 8h | 0.008620 | +0.138% | $153K | $172K | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0147% | 4h | 0.008616 | +0.091% | $399K | $1.1M | 20x | as long as short |
| Hyperliquid GMTshort | +0.0100% | 1h | 0.008624 | +0.184% | $126K | $141K | 3x | |
| Aster GMTUSDT | +0.0100% | 4h | 0.008624 | +0.187% | $8K | $21K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008627 | +0.223% | $2.9M | $4.9M | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008624 | +0.184% | $448K | $209K | 20x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008625 | +0.196% | $685K | $612K | 50x | as long as short |
KuCoin GMTUSDTM
Bybit GMTUSDT
Gate GMT_USDT
OKX GMT-USDT-SWAP
Aster GMTUSDT
Binance GMTUSDT
MEXC GMT_USDT
Bitget GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMT-USDT | +0.0100% | 4h | 0.008630 | +0.254% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008614 | +0.068% | $4K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT