Funding you earn now, next payment 03:00 UTC+0.0632%/8h= +69.3% APRnext payment +$0.79 per $10,000 · paid last 24h −0.225%
Price spread now: Hyperliquid against Kraken Futures+0.031%50s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.807%+$81 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
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Hyperliquid is 0.031% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ORDIUSD | 4.8530 | −0.0353 | get 0.0044% / 1h | 6m 25s | $71K | $45K | 25x |
| Short | Hyperliquid ORDI | 4.8545 | 0.0280 | get 0.0035% / 1h | 6m 25s | $698K | $662K | 3x |
Kraken Futures PF_ORDIUSD
Hyperliquid ORDIFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $132.82
- Price spread: +0.031% → 0.000%
- $3.12
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $116.94
- Costs to cover
- 0.190%
- Break-even
- 0.8 days
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 34 min ago. 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 34 min ago | 3.57 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
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.
ORDI on 19 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_ORDIUSDlong | −0.0353% | 1h | 4.8530 | long leg | $71K | $45K | 25x | |
| dYdX ORDI-USD | 0.0000% | 1h | 4.8450 | −0.164% | $33K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −6.140% | $776 | $20K | 5.5x | as long as short |
| Aster ORDIUSDT | +0.0100% | 4h | 4.8491 | −0.080% | $13K | $428K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.8481 | −0.100% | $9.9M | $33.7M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.8460 | −0.144% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.8430 | −0.206% | $5.2M | $17.4M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.8480 | −0.103% | $1.3M | $2.8M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.8460 | −0.144% | $6.8M | $3.4M | 200x | as long as short |
| KuCoin ORDIUSDTM | +0.0100% | 4h | 4.8474 | −0.115% | $973K | $878K | 50x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDT
KuCoin ORDIUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ORDIUSDT | +0.0100% | 4h | 4.8470 | −0.123% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.8490 | −0.082% | — | $27.1M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.8775 | +0.506% | $24K | $55K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.8490 | −0.082% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.8510 | −0.041% | $80K | $395K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.8467 | −0.129% | $5K | $190K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0122% | 4h | 4.8590 | +0.124% | $605K | $303K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0239% / S −0.3359% | 1h | 4.8534 | +0.008% | $8K | — | 100x | as long as short |
| Hyperliquid ORDIshort | +0.0280% | 1h | 4.8545 | +0.031% | $698K | $662K | 3x |
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]