REZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0750%/8h= −82.2% APRnext payment −$0.94 per $10,000 · paid last 24h −0.009%

Price spread now: Kraken Futures against Hyperliquid−0.071%50s7-day average — · you buy dearer than you sell

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

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Kraken Futures is 0.071% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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	Hyperliquid REZ	0.003846	0.0801	pay 0.0100% / 1h	2m 24s	$1.6M	$496K	3x
Short	Kraken Futures PF_REZUSD	0.003843	0.0051	get 0.0006% / 1h	2m 24s	$44K	$10K	10x

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 −0.071%Rate

Funding earned: −$157.59
Price spread: −0.071% → 0.000%: −$7.1
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: −$183.69
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 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, 8 min ago	1.30 bp	15.8 bp −$16	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.

REZ 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_REZUSDshort	+0.0051%	1h	0.003843	−0.071%	$44K	$10K	10x
BloFin REZ-USDT	+0.0097%	4h	0.003843	−0.078%	$317K	$43K	50x	as long as short
Aster REZUSDT	+0.0100%	4h	0.003838	−0.221%	$18K	$37K	5x	as long as short
Binance REZUSDT	+0.0100%	4h	0.003836	−0.251%	$4.9M	$8.5M	50x	as long as short
Gate REZ_USDT	+0.0100%	4h	0.003845	−0.026%	$386K	$115K	10x	as long as short
MEXC REZ_USDT	+0.0100%	4h	0.003838	−0.208%	$1.4M	$420K	50x	as long as short
KuCoin REZUSDTM	+0.0100%	4h	0.003835	−0.286%	$449K	$78K	30x	as long as short
Bitget REZUSDT	+0.0100%	4h	0.003836	−0.260%	$592K	$1.2M	50x	as long as short
Variational Omni REZ	+0.0100%	4h	0.003862	+0.411%	$88K	$49K	—	as long as short
Bybit REZUSDT	+0.0310%	4h	0.003845	−0.026%	$1.5M	$1.0M	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX REZ-USDT	+0.0378%	4h	0.003841	−0.130%	—	$6.6M	—	as long as short
Hyperliquid REZlong	+0.0801%	1h	0.003846	long leg	$1.6M	$496K	3x