S

Alert

Funding spread now, next payment 19:00 UTC−0.2280%/8h

next payment, per $10,000−$2.85paid, last 24h−0.411%paid, last 4 days+1.741%to open and closeno order book

Long on Hyperliquid Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid S	0.03845	−0.0056	get 0.0007% / 1h	34m 31s	$982K	$1.3M	5x
Short	Kraken Futures PF_SUSD	0.03847	−0.2336	pay 0.0292% / 1h	34m 31s	$33K	$41K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee Kraken FuturesbpOrdersRate

Funding earned: −$478.88
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: −$497.88
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.045%
Avg gap 7d: —

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, 7 min ago	1.16 bp	19.3 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

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.

S on 25 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_SUSDshort	−0.2336%	1h	$33K	$41K	10x
Coinbase International S-PERP-INTX	−0.1824%	1h	$47K	$10K	25x	as long as short
Variational Omni S	−0.1380%	4h	$599K	$117K	—	as long as short
Aster SUSDT	−0.0263%	4h	$42K	$258K	10x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0173% / S +0.0169%	1h	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	$4	—	15x	as long as short
Orderly PERP_S_USDC	−0.0098%	4h	$102K	$323K	10x	as long as short
01 Exchange SUSD	−0.0088%	1h	$23K	$3K	5x	as long as short
Hyperliquid Slong	−0.0056%	1h	$982K	$1.3M	5x
OKX S-USDT-SWAP	−0.0024%	4h	$959K	$11.8M	20x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit SUSDT	0.0000%	4h	$5.5M	$9.0M	50x	as long as short
Deribit S_USDC-PERPETUAL	0.0000%	1h	$65K	$10K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	$594	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	$2K	$88K	12x	as long as short
Lighter S	+0.0096%	1h	$162K	$304K	5x	as long as short
Binance SUSDT	+0.0100%	4h	$5.2M	$38.0M	75x	as long as short
Gate S_USDT	+0.0100%	4h	$314K	$369K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	$3.4M	$3.4M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	$1.8M	$3.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	$1.2M	$4.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	—	$7.0M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	$25K	$496K	50x	as long as short
Extended S-USD	+0.0104%	1h	$216K	$944K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	$272K	$259K	75x	as long as short
Backpack S_USDC_PERP	+0.0799%	1h	$116K	$242K	5x	as long as short