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Funding arb · Price arb /

REZ

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 20:00 UTC−0.0277%/8hnext payment −$0.35 per $10,000 · paid last 24h +0.019%
Price spread now: Hyperliquid against Kraken Futures+0.296%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort 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 pays, funding is against you. Hyperliquid is 0.296% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.296% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.6 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_REZUSD0.0038760.0691pay 0.0086% / 1h6m 52s$44K$10K10x
ShortHyperliquid REZ0.0038870.0413get 0.0052% / 1h6m 52s$1.6M$523K3x

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

Funding earned
−$58.26
Price spread: +0.296% → 0.000%
$29.6
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
−$47.66
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell Hyperliquid live order book, 8 min ago2.58 bp20.0 bp −$20doesn't fitdoesn't fitdoesn'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.

REZ on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin REZ-USDT+0.0094%4h0.003875−0.014%$338K$51K50xas long as short
Aster REZUSDT+0.0100%4h0.003878+0.068%$18K$38K5xas long as short
Binance REZUSDT+0.0100%4h0.003878+0.055%$5.0M$9.0M50xas long as short
MEXC REZ_USDT+0.0100%4h0.003878+0.064%$1.3M$494K50xas long as short
KuCoin REZUSDTM+0.0100%4h0.003880+0.115%$456K$98K30xas long as short
Bitget REZUSDT+0.0100%4h0.003878+0.064%$608K$1.2M50xas long as short
Variational Omni REZ+0.0100%4h0.003870−0.130%$79K$47K—as long as short
Gate REZ_USDT+0.0110%4h0.003887+0.296%$406K$127K10xas long as short
Hyperliquid REZshort+0.0413%1h0.003887+0.296%$1.6M$523K3x
BingX REZ-USDT+0.0558%4h0.003881+0.141%—$6.6M—as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit REZUSDT+0.0585%4h0.003884+0.219%$1.5M$1.0M25xas long as short
Kraken Futures PF_REZUSDlong+0.0691%1h0.003876long leg$44K$10K10x