Funding you earn now, next payment 07:00 UTC−0.0618%/8h= −67.7% APRnext payment −$0.77 per $10,000 · paid last 24h −0.155%
Price spread now: Kraken Futures against Hyperliquid−0.091%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 −$19 a day on $10k at the current rate, and Kraken Futures is 0.091% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 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 | Hyperliquid IOTA | 0.04766 | 0.0100 | pay 0.0013% / 1h | 0m 50s | $894K | $328K | 3x |
| Short | Kraken Futures PF_IOTAUSD | 0.04761 | −0.0518 | pay 0.0065% / 1h | 0m 50s | $19K | $13K | 10x |
Hyperliquid IOTA
Kraken Futures PF_IOTAUSDFunding 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
- −$129.87
- Price spread: −0.091% → 0.000%
- −$9.1
- 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
- −$157.97
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 69 min ago; Kraken Futures: no order-book sample. 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, 69 min ago | 1.36 bp | 62.4 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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.
IOTA 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_IOTAUSDshort | −0.0518% | 1h | 0.04761 | −0.091% | $19K | $13K | 10x | |
| BloFin IOTA-USDT | +0.0093% | 8h | 0.04762 | −0.073% | $165K | $43K | 75x | as long as short |
| Hyperliquid IOTAlong | +0.0100% | 1h | 0.04766 | long leg | $894K | $328K | 3x | |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04769 | +0.073% | $3.4M | $5.8M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04765 | −0.010% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04759 | −0.136% | $552K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04763 | −0.052% | $820K | $258K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04769 | +0.073% | $585K | $179K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04772 | +0.136% | $1.8M | $721K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04767 | +0.031% | — | $2.3M | — | as long as short |
BloFin IOTA-USDT
Binance IOTAUSDT
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTA | +0.0100% | 8h | 0.04761 | −0.101% | $50K | $32K | — | as long as short |
| KuCoin IOTAUSDTM | +0.0876% | 8h | 0.04774 | +0.178% | $2.7M | $228K | 30x | as long as short |
Variational Omni IOTA
KuCoin IOTAUSDTM