Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.5% APRnext payment +$0.09 per $10,000 · paid last 24h +0.062%
Price spread now: Kraken Futures against Hyperliquid−0.171%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs+$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1191.191% of the position
Funding, last 7 days+1.479%+$148 on $10k
+Price spread, last 4 days (all we have)+0.638%+$64 · spread now −0.171%, 7d avg −0.003%
=Together, before fees+2.117%+ Points / potential airdropHyperliquid: Season 2 · farm board+$212 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.167% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of −0.003%). If the spread goes back, that is −$17 on $10k: about 8.2 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+1.479% in total) that is about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid KAS | 0.04315 | 0.0309 | pay 0.0039% / 1h | 12m 04s | $2.8M | $1.1M | 3x |
| Short | Kraken Futures PF_KASUSD | 0.04308 | 0.0377 | get 0.0047% / 1h | 12m 04s | $307K | $501K | 20x |
Hyperliquid KAS
Kraken Futures PF_KASUSDFunding 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
- $14.36
- Price spread: −0.171% → −0.003%
- −$16.74
- Slippage, 4 orders
- −$100.08
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$121.46
- Costs to cover
- 1.191%
- Break-even
- 66.2 days
Slippage from Hyperliquid: live order book, 9 min ago; Kraken Futures: live order book, 36 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 Hyperliquid live order book, 9 min ago | 2.55 bp | 22.7 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 36 min ago | 9.22 bp | 37.6 bp −$38 | 158.2 bp −$1,582 | doesn't fit | doesn't fit |
KAS on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) KAS/USD | L +0.0010% / S −0.0001% | 1h | 0.04303 | −0.285% | $4K | — | 150x | as long as short |
| Injective KAS/USDC PERP | +0.0033% | 1h | 0.04361 | +1.059% | $45 | $154K | 5.5x | as long as short |
| Aster KASUSDT | +0.0100% | 4h | 0.04303 | −0.276% | $253K | $146K | 20x | as long as short |
| Binance KASUSDT | +0.0100% | 4h | 0.04310 | −0.124% | $4.1M | $12.7M | 75x | as long as short |
| Bybit KASUSDT | +0.0100% | 4h | 0.04305 | −0.239% | $10.8M | $7.7M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04301 | −0.331% | $2.1M | $1.8M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04309 | −0.146% | $29.4M | $5.1M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04306 | −0.206% | $4.3M | $7.4M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04305 | −0.239% | $11.9M | $3.1M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04308 | −0.169% | — | $67.7M | — | as long as short |
gTrade (Gains Network) KAS/USD
Injective KAS/USDC PERP
Aster KASUSDT
Binance KASUSDT
Bybit KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDT
BingX KAS-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KAS | +0.0100% | 4h | 0.04265 | −1.170% | $23K | $24K | — | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0283% / S −0.1996% | 1h | 0.04303 | −0.294% | $11K | — | 100x | as long as short |
| Hyperliquid KASlong | +0.0309% | 1h | 0.04315 | long leg | $2.8M | $1.1M | 3x | |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04303 | −0.285% | $371K | $294K | 75x | as long as short |
| Kraken Futures PF_KASUSDshort | +0.0377% | 1h | 0.04308 | −0.171% | $307K | $501K | 20x |
Variational Omni KAS
GMX KAS/USD [WBTC.b-USDC]
BloFin KAS-USDT