ENS

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0933%/8h= +102.2% APRnext payment +$1.17 per $10,000 · paid last 24h +0.239%

Price spread now: Hyperliquid against Kraken Futures+0.157%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$277as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1081.077% of the position

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−1.693%−$169 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.157%, 7d avg +0.098%

Together, before fees−1.713%+ Points / potential airdropHyperliquid: Season 2 · farm board−$171 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Hyperliquid is 0.059% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.098%. Mind the row above: over the last 7 days funding on this pair cost −1.693%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ENSUSD	6.6752	−0.0814	get 0.0102% / 1h	20m 51s	$90K	$447K	20x
Short	Hyperliquid ENS	6.6857	0.0119	get 0.0015% / 1h	20m 51s	$3.0M	$310K	5x

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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now +0.157%Rate

Funding earned: $195.91
Price spread: +0.157% → +0.098%: $5.92
Slippage, 4 orders: −$88.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $94.13
Costs to cover: 1.077%
Break-even: 3.6 days

Slippage from Kraken Futures: live order book, 47 min ago; Hyperliquid: live order book, 10 min ago.

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, 47 min ago	23.63 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.20 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit

ENS on 14 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
Kraken Futures PF_ENSUSDlong	−0.0814%	1h	6.6752	long leg	$90K	$447K	20x
OKX ENS-USDT-SWAP	+0.0087%	8h	6.6670	−0.123%	$2.3M	$3.5M	20x	as long as short
Aster ENSUSDT	+0.0100%	8h	6.6827	+0.113%	$10K	$106K	10x	as long as short
Binance ENSUSDT	+0.0100%	8h	6.6745	−0.011%	$5.2M	$14.3M	75x	as long as short
Bybit ENSUSDT	+0.0100%	8h	6.6700	−0.078%	$5.4M	$3.8M	75x	as long as short
Gate ENS_USDT	+0.0100%	8h	6.6750	−0.003%	$453K	$571K	75x	as long as short
MEXC ENS_USDT	+0.0100%	8h	6.6780	+0.042%	$5.4M	$782K	75x	as long as short
KuCoin ENSUSDTM	+0.0100%	8h	6.6860	+0.162%	$1.8M	$151K	50x	as long as short
Bitget ENSUSDT	+0.0100%	8h	6.6760	+0.012%	$2.9M	$1.4M	75x	as long as short
BingX ENS-USDT	+0.0100%	8h	6.6800	+0.072%	—	$7.8M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ENS	+0.0100%	8h	6.6793	+0.061%	$107K	$8K	—	as long as short
ApeX Omni ENSUSDT	+0.0100%	1h	6.6940	+0.282%	$25K	$597K	50x	as long as short
Extended ENS-USD	+0.0104%	1h	6.6740	−0.018%	$6K	$113K	10x	as long as short
Hyperliquid ENSshort	+0.0119%	1h	6.6857	+0.157%	$3.0M	$310K	5x