GMT

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1666%/8h= −182.5% APRnext payment −$2.08 per $10,000 · paid last 24h −0.318%

Price spread now: Kraken Futures against Hyperliquid+0.085%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.085% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GMT	0.008567	0.0100	pay 0.0013% / 1h	50m 48s	$114K	$150K	3x
Short	Kraken Futures PF_GMTUSD	0.008574	−0.1566	pay 0.0196% / 1h	50m 48s	$45K	$13K	20x

Funding 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 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$349.94
Price spread: +0.085% → 0.000%: $8.49
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: −$360.45
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 28 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, 28 min ago	1.74 bp	29.1 bp −$29	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.

GMT on 12 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_GMTUSDshort	−0.1566%	1h	0.008574	+0.085%	$45K	$13K	20x
KuCoin GMTUSDTM	−0.0536%	4h	0.008590	+0.268%	$278K	$183K	50x	as long as short
OKX GMT-USDT-SWAP	−0.0482%	4h	0.008562	−0.058%	$398K	$1.2M	20x	as long as short
Bybit GMTUSDT	−0.0474%	8h	0.008566	−0.012%	$1.1M	$2.0M	50x	as long as short
Variational Omni GMT	−0.0225%	8h	0.008579	+0.140%	$4K	$5K	—	as long as short
Aster GMTUSDT	−0.0109%	4h	0.008580	+0.152%	$7K	$22K	10x	as long as short
Bitget GMTUSDT	−0.0032%	4h	0.008580	+0.152%	$684K	$634K	50x	as long as short
BingX GMT-USDT	+0.0050%	4h	0.008582	+0.175%	—	$1.3M	—	as long as short
Hyperliquid GMTlong	+0.0100%	1h	0.008567	long leg	$114K	$150K	3x
Binance GMTUSDT	+0.0100%	4h	0.008567	0.000%	$2.9M	$5.2M	50x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate GMT_USDT	+0.0100%	8h	0.008580	+0.152%	$151K	$174K	50x	as long as short
MEXC GMT_USDT	+0.0100%	4h	0.008571	+0.047%	$435K	$208K	20x	as long as short