Spread before costs (cost unknown: a leg has no order-book sample)+0.187%
7d average—if it closes, per $10,000$19funding while held, a day+$31.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALT | 0.007477 | 0.0100 | pay 0.0013% / 1h | 33m 56s | $1.1M | $190K | 3x |
| Short | Kraken Futures PF_ALTUSD | 0.007491 | 0.1140 | get 0.0142% / 1h | 33m 56s | $44K | $8K | 10x |
Hyperliquid ALT
Kraken Futures PF_ALTUSDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $18.67
- Funding while held
- $31.2
- 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
- $30.87
- Spread needed to break even
- 0.190%
Slippage unknown: Hyperliquid: live order book, 8 min ago; Kraken Futures: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1040%
- Per $10,000 a day
- +$31.20
- Average in range /8h
- —
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, 8 min ago | 3.35 bp | 40.0 bp −$40 | 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.
ALT price on every exchange
against the cheapest. Click to use as the short leg.Injective0.007381cheapestBybit0.007474+1.260%Variational Omni0.007476+1.288%
Injective
Bybit
Variational OmniHyperliquid0.007477+1.301%
MEXC0.007477+1.301%Binance0.007478+1.314%Gate0.007478+1.314%Bitget0.007479+1.328%BingX0.007481+1.355%Deribit0.007482+1.368%KuCoin0.007485+1.409%BloFin0.007490+1.477%
MEXC
Binance
Gate
Bitget
BingX
Deribit
KuCoin
BloFinKraken Futures0.007491+1.490%
Coinbase International0.007540+2.154%
Coinbase InternationalALT on 14 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ALT/USDC PERP | −1.284% | +0.0033% | 1h | $815 | $13K | 5.5x | as long as short |
| Bybit ALTUSDT | −0.040% | +0.0100% | 4h | $1.2M | $1.5M | 25x | as long as short |
| Variational Omni ALT | −0.013% | −0.0011% | 4h | $4K | $12K | — | as long as short |
| Hyperliquid ALTlong | 0.000% | +0.0100% | 1h | $1.1M | $190K | 3x | |
| MEXC ALT_USDT | 0.000% | +0.0100% | 4h | $429K | $195K | 50x | as long as short |
| Binance ALTUSDT | +0.013% | +0.0100% | 4h | $2.6M | $3.3M | 50x | as long as short |
| Gate ALT_USDT | +0.013% | +0.0094% | 8h | $51K | $375K | 25x | as long as short |
| Bitget ALTUSDT | +0.027% | +0.0100% | 4h | $610K | $91K | 50x | as long as short |
| BingX ALT-USDT | +0.053% | +0.0100% | 4h | — | $1.3M | — | as long as short |
| Deribit ALT_USDC-PERPETUAL | +0.067% | 0.0000% | 1h | $0 | $0 | 25x | as long as short |
Show all 14 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin ALTUSDTM | +0.107% | +0.0100% | 4h | $152K | $22K | 30x | as long as short |
| BloFin ALT-USDT | +0.174% | +0.0083% | 4h | $175K | $9K | 50x | as long as short |
| Kraken Futures PF_ALTUSDshort | +0.187% | +0.1140% | 1h | $44K | $8K | 10x | |
| Coinbase International ALT-PERP-INTX | +0.843% | +0.0416% | 1h | $14K | $2K | 50x | as long as short |