Funding you earn now, next payment 02:00 UTC+0.1360%/8h= +148.9% APRnext payment +$1.70 per $10,000 · paid last 24h +0.226%
Price spread now: Kraken Futures against Hyperliquid−0.217%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding pays, the price is against you. Kraken Futures is 0.217% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.217% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 13 hours of funding at the current rate (+$41 a day). At the pace of the last 7 days (+0.055% in total) that is about 28 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BRETT | 0.005870 | 0.0165 | pay 0.0021% / 1h | 0m 36s | $319K | $254K | 3x |
| Short | Kraken Futures PF_BRETTUSD | 0.005857 | 0.1525 | get 0.0191% / 1h | 0m 36s | $44K | $75K | 10x |
Hyperliquid BRETT
Kraken Futures PF_BRETTUSDFunding 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
- $285.58
- Price spread: −0.217% → 0.000%
- −$21.71
- 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
- $244.86
- Costs to cover
- 0.190%
- Break-even
- 1.0 days
Slippage unknown: Hyperliquid: live order book, 39 min ago; Kraken Futures: no order-book sample. 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, 39 min ago | 0.86 bp | 37.6 bp −$38 | 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.
BRETT on 13 venues
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BRETT/USD [ETH-USDC] | L 0.0000% / S 0.0000% | 1h | 0.005847 | −0.392% | — | — | 100x | as long as short |
| Injective BRETT/USDC PERP | +0.0033% | 1h | 0.005839 | −0.528% | $61 | $854 | 5.5x | as long as short |
| Binance BRETTUSDT | +0.0100% | 4h | 0.005855 | −0.256% | $1.2M | $2.6M | 50x | as long as short |
| Bybit BRETTUSDT | +0.0100% | 4h | 0.005848 | −0.375% | $2.1M | $1.9M | 25x | as long as short |
| OKX BRETT-USDT-SWAP | +0.0100% | 4h | 0.005857 | −0.221% | $134K | $269K | 10x | as long as short |
| Gate BRETT_USDT | +0.0100% | 4h | 0.005853 | −0.290% | $433K | $109K | 25x | as long as short |
| MEXC BRETT_USDT | +0.0100% | 4h | 0.005862 | −0.136% | $12.5M | $212K | 200x | as long as short |
| KuCoin BRETTUSDTM | +0.0100% | 4h | 0.005864 | −0.102% | $310K | $87K | 30x | as long as short |
| Bitget BRETTUSDT | +0.0100% | 4h | 0.005847 | −0.392% | $1.4M | $597K | 50x | as long as short |
| BingX BRETT-USDT | +0.0100% | 4h | 0.005857 | −0.221% | — | $1.4M | — | as long as short |
GMX BRETT/USD [ETH-USDC]
Injective BRETT/USDC PERP
Binance BRETTUSDT
Bybit BRETTUSDT
OKX BRETT-USDT-SWAP
Gate BRETT_USDT
MEXC BRETT_USDT
KuCoin BRETTUSDTM
Bitget BRETTUSDT
BingX BRETT-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BRETT | +0.0100% | 4h | 0.005851 | −0.316% | $43K | $104K | — | as long as short |
| Hyperliquid BRETTlong | +0.0165% | 1h | 0.005870 | long leg | $319K | $254K | 3x | |
| Kraken Futures PF_BRETTUSDshort | +0.1525% | 1h | 0.005857 | −0.217% | $44K | $75K | 10x |
Variational Omni BRETT