After costs, if the gap returns to its 7d average, $10k−$112
spread now+0.232%7d average+0.031%fees + slippage, in and out−$132spread needed1.322%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ARUSD | 4.6717 | −0.1782 | get 0.0223% / 1h | 4m 26s | $53K | $290K | 20x |
| Short | Hyperliquid AR | 4.6825 | 0.0100 | get 0.0013% / 1h | 4m 26s | $4.2M | $7.2M | 5x |
Kraken Futures PF_ARUSD
Hyperliquid ARPrice 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
- $23.2
- Funding while held
- $56.45
- Slippage, 4 orders
- −$113.17
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$52.52
- Spread needed to break even
- 1.322%
Slippage from Kraken Futures: live order book, 50 min ago; Hyperliquid: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.1882%
- Per $10,000 a day
- +$56.45
- 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 Kraken Futures live order book, 50 min ago | 39.97 bp | 45.3 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 4.70 bp | 16.9 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
AR price on every exchange
against the cheapest. Click to use as the short leg.Bybit4.6680cheapestOKX4.6690+0.021%Bitget4.6690+0.021%BingX4.6700+0.043%MEXC4.6710+0.064%
Bybit
OKX
Bitget
BingX
MEXCKraken Futures4.6717+0.078%
Extended4.6724+0.093%Binance4.6730+0.107%KuCoin4.6730+0.107%Aster4.6731+0.109%Variational Omni4.6736+0.121%Gate4.6750+0.150%BloFin4.6770+0.193%GMX4.6785+0.226%
Extended
Binance
KuCoin
Aster
Variational Omni
Gate
BloFin
GMXHyperliquid4.6825+0.311%
ApeX Omni4.6830+0.321%Injective4.7300+1.328%
ApeX Omni
InjectiveAR on 17 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ARUSDT | −0.078% | +0.0100% | 8h | $4.9M | $13.7M | 75x | as long as short |
| OKX AR-USDT-SWAP | −0.057% | −0.0034% | 8h | $2.4M | $39.5M | 20x | as long as short |
| Bitget ARUSDT | −0.057% | +0.0100% | 8h | $4.1M | $11.6M | 75x | as long as short |
| BingX AR-USDT | −0.036% | +0.0100% | 8h | — | $3.0M | — | as long as short |
| MEXC AR_USDT | −0.014% | +0.0078% | 8h | $6.2M | $7.9M | 100x | as long as short |
| Kraken Futures PF_ARUSDlong | 0.000% | −0.1782% | 1h | $53K | $290K | 20x | |
| Extended AR-USD | +0.015% | +0.0080% | 1h | $38K | $237K | 10x | as long as short |
| Binance ARUSDT | +0.029% | +0.0074% | 8h | $9.5M | $95.2M | 75x | as long as short |
| KuCoin ARUSDTM | +0.029% | +0.0100% | 8h | $1.4M | $2.1M | 50x | as long as short |
| Aster ARUSDT | +0.030% | +0.0020% | 8h | $36K | $1.2M | 10x | as long as short |
Show all 17 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni AR | +0.042% | +0.0021% | 8h | $136K | $193K | — | as long as short |
| Gate AR_USDT | +0.071% | +0.0100% | 8h | $2.7M | $5.6M | 50x | as long as short |
| BloFin AR-USDT | +0.114% | +0.0198% | 8h | $462K | $1.2M | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC] | +0.147% | L −0.0145% / S +0.0551% | 1h | $591K | — | 50x | as long as short |
| Hyperliquid ARshort | +0.232% | +0.0100% | 1h | $4.2M | $7.2M | 5x | |
| ApeX Omni ARUSDT | +0.243% | +0.0100% | 1h | $37K | $741K | 50x | as long as short |
| Injective AR/USDC PERP | +1.249% | +0.0033% | 1h | $3K | $2K | 5.5x | as long as short |