POPCAT

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1227%/8h= +134.3% APRnext payment +$1.53 per $10,000 · paid last 24h +0.368%

Price spread now: Hyperliquid against Kraken Futures+0.069%7-day average +0.303% · you sell dearer than you buy

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

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.878%+$88 on $10k

Price spread, last 4 days (all we have)+1.724%+$172 · spread now +0.069%, 7d avg +0.303%

Together, before fees+2.602%+ Points / potential airdropHyperliquid: Season 2 · farm board+$260 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.234% cheaper against Kraken Futures than usual: you would sell low and buy high (spread +0.069% now, against its 7-day average of +0.303%). If the spread goes back, that is −$23 on $10k: about 15 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.878% in total) that is about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_POPCATUSD	0.05622	−0.1127	get 0.0141% / 1h	31m 59s	$151K	$150K	20x
Short	Hyperliquid POPCAT	0.05625	0.0100	get 0.0013% / 1h	31m 59s	$2.7M	$1.4M	3x

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 +0.069%Rate

Funding earned: $257.59
Price spread: +0.069% → +0.303%: −$23.39
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: $215.2
Costs to cover: 0.190%
Break-even: 1.2 days

Slippage unknown: Kraken Futures: live order book, 65 min ago; Hyperliquid: live order book, 9 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 live order book, 65 min ago	19.09 bp	59.5 bp −$59	21917.2 bp −$219.2K	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	2.99 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

POPCAT on 18 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
Injective POPCAT/USDC PERP	−0.4200%	1h	0.05620	−0.029%	$3K	$2K	5.5x	as long as short
Kraken Futures PF_POPCATUSDlong	−0.1127%	1h	0.05622	long leg	$151K	$150K	20x
Reya POPCATRUSDPERP	−0.0228%	1h	0.05630	+0.155%	$1	—	10x	as long as short
Lighter POPCAT	+0.0096%	1h	0.05630	+0.149%	$98K	$55K	10x	as long as short
Hyperliquid POPCATshort	+0.0100%	1h	0.05625	+0.069%	$2.7M	$1.4M	3x
Binance POPCATUSDT	+0.0100%	4h	0.05630	+0.149%	$2.5M	$7.9M	50x	as long as short
Bybit POPCATUSDT	+0.0100%	4h	0.05614	−0.136%	$8.9M	$7.5M	50x	as long as short
OKX POPCAT-USDT-SWAP	+0.0100%	4h	0.05623	+0.024%	$679K	$1.7M	20x	as long as short
Gate POPCAT_USDT	+0.0100%	4h	0.05620	−0.029%	$404K	$471K	50x	as long as short
MEXC POPCAT_USDT	+0.0100%	4h	0.05626	+0.078%	$1.9M	$1.1M	200x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin POPCATUSDTM	+0.0100%	4h	0.05630	+0.149%	$1.1M	$846K	50x	as long as short
Bitget POPCATUSDT	+0.0100%	4h	0.05626	+0.078%	$1.2M	$984K	50x	as long as short
BingX POPCAT-USDT	+0.0100%	4h	0.05621	−0.011%	—	$6.9M	—	as long as short
Variational Omni POPCAT	+0.0100%	4h	0.05667	+0.808%	$480K	$179K	—	as long as short
GRVT POPCAT_USDT_Perp	+0.0100%	4h	0.05685	+1.128%	$249K	$477K	10x	as long as short
ApeX Omni POPCATUSDT	+0.0100%	1h	0.05670	+0.860%	$22K	$654K	25x	as long as short
Extended POPCAT-USD	+0.0104%	1h	0.05630	+0.154%	$95K	$750K	10x	as long as short
BloFin POPCAT-USDT	+0.0340%	4h	0.05680	+1.038%	$130K	$339K	50x	as long as short