Funding you earn now, next payment 11:00 UTC−0.1635%/8h= −179.1% APRnext payment −$2.04 per $10,000 · paid last 24h −0.391%
Price spread now: Kraken Futures against Hyperliquid−0.326%7-day average −0.303% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.900%−$90 on $10k
+Price spread, last 4 days (all we have)−0.901%−$90 · spread now −0.326%, 7d avg −0.303%
=Together, before fees−1.801%+ Points / potential airdropHyperliquid: Season 2 · farm board−$180 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$49 a day on $10k at the current rate, and Kraken Futures is 0.022% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.303%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.900% in total (about -46.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.04 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid POPCAT | 0.05720 | 0.0465 | pay 0.0058% / 1h | 51m 21s | $2.7M | $1.3M | 3x |
| Short | Kraken Futures PF_POPCATUSD | 0.05701 | −0.1170 | pay 0.0146% / 1h | 51m 21s | $152K | $121K | 20x |
Hyperliquid POPCAT
Kraken Futures PF_POPCATUSDFunding 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
- −$343.44
- Price spread: −0.326% → −0.303%
- −$2.24
- 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
- −$364.68
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Kraken Futures: live order book, 59 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 Hyperliquid live order book, 3 min ago | 1.31 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 59 min ago | 29.66 bp | 74.3 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 exchanges
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_POPCATUSDshort | −0.1170% | 1h | 0.05701 | −0.326% | $152K | $121K | 20x | |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05711 | −0.142% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | +0.0028% | 4h | 0.05733 | +0.237% | $488K | $140K | — | as long as short |
| Injective POPCAT/USDC PERP | +0.0033% | 1h | 0.05670 | −0.865% | $3K | $2K | 5.5x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05710 | −0.166% | $97K | $53K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05716 | −0.061% | $2.5M | $7.2M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05702 | −0.306% | $9.1M | $6.8M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05708 | −0.201% | $690K | $1.6M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05707 | −0.219% | $428K | $468K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05714 | −0.096% | $1.8M | $969K | 200x | as long as short |
Reya POPCATRUSDPERP
Variational Omni POPCAT
Injective POPCAT/USDC PERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDTShow all 18 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05712 | −0.131% | $1.1M | $800K | 50x | as long as short |
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05712 | −0.131% | $1.2M | $794K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05701 | −0.323% | — | $6.8M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05735 | +0.271% | $262K | $455K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05740 | +0.358% | $22K | $661K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05711 | −0.151% | $92K | $748K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05739 | +0.341% | $132K | $296K | 50x | as long as short |
| Hyperliquid POPCATlong | +0.0465% | 1h | 0.05720 | long leg | $2.7M | $1.3M | 3x |
KuCoin POPCATUSDTM
Bitget POPCATUSDT
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT