LAYER

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0516%/8h= +56.5% APRnext payment +$0.65 per $10,000 · paid last 24h +0.207%

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

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$15 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LAYERUSD	0.07637	−0.0416	get 0.0052% / 1h	19m 05s	$8K	$54	10x
Short	Hyperliquid LAYER	0.07637	0.0100	get 0.0013% / 1h	19m 05s	$588K	$166K	3x

Funding 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 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 Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now +0.005%Rate

Funding earned: $108.38
Price spread: +0.005% → 0.000%: $0.5
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: $89.88
Costs to cover: 0.190%
Break-even: 1.2 days

Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 61 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, 61 min ago	1.36 bp	doesn't fit	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.

LAYER 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
Kraken Futures PF_LAYERUSDlong	−0.0416%	1h	0.07637	long leg	$8K	$54	10x
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.752%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0046%	4h	0.07616	−0.274%	$113K	$15K	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0099%	4h	0.07631	−0.077%	$714K	$669K	20x	as long as short
Hyperliquid LAYERshort	+0.0100%	1h	0.07637	+0.005%	$588K	$166K	3x
Aster LAYERUSDT	+0.0100%	4h	0.07634	−0.036%	$9K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07635	−0.025%	$2.1M	$2.4M	50x	as long as short
Gate LAYER_USDT	+0.0100%	4h	0.07630	−0.091%	$141K	$41K	20x	as long as short
MEXC LAYER_USDT	+0.0100%	4h	0.07635	−0.025%	$371K	$132K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07638	+0.014%	$1.1M	$112K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07639	+0.027%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07590	−0.614%	$16K	$195K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07633	−0.053%	$272	$213K	5x	as long as short