LINK

Alert

Funding spread now, next payment 17:00 UTC−0.0487%/8h

next payment, per $10,000−$0.61paid, last 24h−0.045%paid, last 7 days−0.050%to open and close $10k−$36

Long on Hyperliquid Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LINK	12.964	0.0100	pay 0.0013% / 1h	22m 08s	$76.5M	$22.0M	10x
Short	Kraken Futures PF_LINKUSD	12.967	−0.0387	pay 0.0048% / 1h	22m 08s	$6.0M	$6.8M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Kraken FuturesbpOrdersRate

Funding earned: −$102.29
Slippage, 4 orders: −$17.48
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$138.77
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; Kraken Futures: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.024%
Avg gap 7d: −0.074%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 3 min ago	0.77 bp	6.5 bp −$7	11.0 bp −$110	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	1.93 bp	11.9 bp −$12	15.6 bp −$156	42.9 bp −$4,290	doesn't fit

LINK on 39 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_LINKUSDshort	−0.0387%	1h	$6.0M	$6.8M	50x
SoDEX LINK-USD	−0.0105%	1h	$8K	$38K	10x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0089% / S +0.0161%	1h	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0063%	8h	$3.2M	$1.2M	—	as long as short
Phoenix LINK	−0.0061%	1h	$3K	$49K	10x	as long as short
HTX LINK-USDT	−0.0059%	8h	$637K	$1.0M	75x	as long as short
Extended LINK-USD	−0.0032%	1h	$677K	$1.8M	25x	as long as short
OKX LINK-USDT-SWAP	−0.0007%	8h	$27.4M	$90.7M	50x	as long as short
Bybit LINKUSDT	−0.0001%	8h	$80.2M	$59.7M	75x	as long as short
dYdX LINK-USD	0.0000%	1h	$344K	$60K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kalshi KXLINKPERP	0.0000%	8h	$458K	$2.2M	3.7x	as long as short
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	$693K	$85K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	$189K	—	150x	as long as short
MEXC LINK_USDT	+0.0032%	8h	$33.2M	$57.5M	300x	as long as short
Binance LINKUSDT	+0.0032%	8h	$118.9M	$289.4M	75x	as long as short
Gate LINK_USDT	+0.0033%	8h	$130.8M	$12.0M	75x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	$4K	$75K	12x	as long as short
Paradex LINK-USD-PERP	+0.0044%	8h	$31K	$2K	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	$1.0M	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0080%	8h	$146K	$1.7M	20x	as long as short
Aevo LINK-PERP	+0.0088%	1h	$545K	$340	3x	as long as short
Lighter LINK	+0.0096%	1h	$1.9M	$2.0M	10x	as long as short
Nado LINK-PERP	+0.0100%	1h	$427K	$350K	10x	as long as short
Hyperliquid LINKlong	+0.0100%	1h	$76.5M	$22.0M	10x
Aster LINKUSDT	+0.0100%	8h	$1.4M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	$271K	$166K	10x	as long as short
Arcus LINK-USD	+0.0100%	1h	$183K	$192K	10x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	$21.4M	$17.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	$53.9M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	$363K	$371K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	$43K	$309K	20x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	$132K	$656K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	$78K	$50K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	$28K	$10K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	$33K	$1.6M	30x	as long as short
BloFin LINK-USDT	+0.0131%	8h	$5.2M	$13.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0360%	1h	$4K	$400	20x	as long as short
Phemex LINKUSDT	+0.0554%	8h	$20.2M	$11.2M	50x	as long as short