KAS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0514%/8h= +56.3% APRnext payment +$0.64 per $10,000 · paid last 24h +0.029%

Price spread now: Kraken Futures against Hyperliquid−0.208%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs+$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1091.093% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.473%+$147 on $10k

Price spread, last 4 days (all we have)+0.559%+$56 · spread now −0.208%, 7d avg −0.005%

Together, before fees+2.032%+ Points / potential airdropHyperliquid: Season 2 · farm board+$203 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.203% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.208% now, against its 7-day average of −0.005%). If the spread goes back, that is −$20 on $10k: about 32 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid KAS	0.04264	0.0552	pay 0.0069% / 1h	21m 12s	$2.7M	$1.0M	3x
Short	Kraken Futures PF_KASUSD	0.04255	0.1066	get 0.0133% / 1h	21m 12s	$303K	$495K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now −0.208%Rate

Funding earned: $107.96
Price spread: −0.208% → −0.005%: −$20.32
Slippage, 4 orders: −$90.28
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$21.64
Costs to cover: 1.093%
Break-even: 8.4 days

Slippage from Hyperliquid: live order book, 10 min ago; Kraken Futures: live order book, 17 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, 10 min ago	1.75 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 17 min ago	7.00 bp	37.1 bp −$37	177.9 bp −$1,779	doesn't fit	doesn't fit

KAS on 15 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
gTrade (Gains Network) KAS/USD	L +0.0010% / S −0.0008%	1h	0.04254	−0.239%	$14K	—	150x	as long as short
Injective KAS/USDC PERP	+0.0033%	1h	0.04361	+2.272%	$45	$154K	5.5x	as long as short
Aster KASUSDT	+0.0100%	4h	0.04260	−0.096%	$250K	$128K	20x	as long as short
Binance KASUSDT	+0.0100%	4h	0.04256	−0.190%	$4.0M	$12.6M	75x	as long as short
Bybit KASUSDT	+0.0100%	4h	0.04253	−0.260%	$10.7M	$7.7M	50x	as long as short
Gate KAS_USDT	+0.0100%	8h	0.04254	−0.237%	$2.1M	$1.8M	75x	as long as short
MEXC KAS_USDT	+0.0100%	4h	0.04258	−0.143%	$29.1M	$5.2M	200x	as long as short
KuCoin KASUSDTM	+0.0100%	4h	0.04256	−0.190%	$4.4M	$7.2M	50x	as long as short
Bitget KASUSDT	+0.0100%	4h	0.04250	−0.331%	$11.7M	$3.1M	50x	as long as short
BingX KAS-USDT	+0.0100%	4h	0.04253	−0.260%	—	$40.3M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni KAS	+0.0100%	4h	0.04249	−0.349%	$23K	$24K	—	as long as short
GMX KAS/USD [WBTC.b-USDC]	L +0.0282% / S −0.1996%	1h	0.04251	−0.298%	$11K	—	100x	as long as short
BloFin KAS-USDT	+0.0340%	4h	0.04262	−0.049%	$360K	$291K	75x	as long as short
Hyperliquid KASlong	+0.0552%	1h	0.04264	long leg	$2.7M	$1.0M	3x
Kraken Futures PF_KASUSDshort	+0.1066%	1h	0.04255	−0.208%	$303K	$495K	20x