Spread before costs (cost unknown: a leg has no order-book sample)+0.202%
7d average—if it closes, per $10,000$20funding while held, a day+$52.06
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SUSD | 0.03974 | −0.1635 | get 0.0204% / 1h | 1m 27s | $34K | $48K | 10x |
| Short | Hyperliquid S | 0.03982 | 0.0100 | get 0.0013% / 1h | 1m 27s | $1.1M | $1.5M | 5x |
Kraken Futures PF_SUSD
Hyperliquid SPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $20.2
- Funding while held
- $52.06
- 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
- $53.26
- Spread needed to break even
- 0.190%
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 11 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1735%
- Per $10,000 a day
- +$52.06
- Average in range /8h
- —
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, 11 min ago | 1.76 bp | 21.8 bp −$22 | 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.
S price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.03811cheapest01 Exchange0.03840+0.761%ApeX Omni0.03970+4.172%
Coinbase International
ApeX OmniKraken Futures0.03974+4.269%
Gate0.03975+4.303%BingX0.03976+4.330%Bybit0.03977+4.356%Extended0.03977+4.368%Reya0.03978+4.392%Binance0.03979+4.408%OKX0.03979+4.408%KuCoin0.03980+4.435%MEXC0.03981+4.461%Orderly0.03981+4.461%BloFin0.03981+4.461%
Gate
BingX
Bybit
Extended
Reya
Binance
OKX
KuCoin
MEXC
Orderly
BloFinHyperliquid0.03982+4.479%
Bitget0.03982+4.487%Aster0.03982+4.491%Lighter0.03983+4.513%GMX0.03983+4.518%gTrade (Gains Network)0.03984+4.551%Deribit0.03986+4.592%Variational Omni0.03989+4.664%Backpack0.03990+4.697%Injective0.04100+7.583%
Bitget
Aster
Lighter
GMX
gTrade (Gains Network)
Deribit
Variational Omni
Backpack
InjectiveS on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International S-PERP-INTX | −4.094% | −0.2344% | 1h | $47K | $12K | 25x | as long as short |
| 01 Exchange SUSD | −3.364% | −1.4112% | 1h | $23K | $3K | 5x | as long as short |
| ApeX Omni SUSDT | −0.092% | +0.0100% | 1h | $25K | $500K | 50x | as long as short |
| Kraken Futures PF_SUSDlong | 0.000% | −0.1635% | 1h | $34K | $48K | 10x | |
| Gate S_USDT | +0.033% | +0.0100% | 4h | $334K | $406K | 50x | as long as short |
| BingX S-USDT | +0.059% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Bybit SUSDT | +0.084% | +0.0100% | 4h | $5.7M | $9.5M | 50x | as long as short |
| Extended S-USD | +0.095% | +0.0104% | 1h | $224K | $946K | 10x | as long as short |
| Reya SRUSDPERP | +0.119% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Binance SUSDT | +0.134% | +0.0100% | 4h | $5.4M | $40.8M | 75x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX S-USDT-SWAP | +0.134% | +0.0100% | 4h | $1.0M | $12.9M | 20x | as long as short |
| KuCoin SUSDTM | +0.159% | +0.0100% | 4h | $1.9M | $3.9M | 50x | as long as short |
| MEXC S_USDT | +0.184% | +0.0100% | 4h | $3.8M | $3.5M | 200x | as long as short |
| Orderly PERP_S_USDC | +0.184% | −0.0205% | 4h | $105K | $336K | 10x | as long as short |
| BloFin S-USDT | +0.184% | +0.0340% | 4h | $287K | $249K | 75x | as long as short |
| Hyperliquid Sshort | +0.202% | +0.0100% | 1h | $1.1M | $1.5M | 5x | |
| Bitget SUSDT | +0.210% | +0.0100% | 4h | $1.2M | $4.7M | 50x | as long as short |
| Aster SUSDT | +0.213% | −0.0253% | 4h | $50K | $260K | 10x | as long as short |
| Lighter S | +0.235% | +0.0096% | 1h | $167K | $337K | 5x | as long as short |
| GMX S/USD [WBTC.b-USDC] | +0.240% | L −0.0371% / S +0.0343% | 1h | $1K | — | 100x | as long as short |
| gTrade (Gains Network) S/USD | +0.270% | L +0.0001% / S +0.0006% | 1h | $614 | — | 150x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.310% | +0.0001% | 1h | $67K | $12K | 10x | as long as short |
| Variational Omni S | +0.380% | −0.1111% | 4h | $622K | $124K | — | as long as short |
| Backpack S_USDC_PERP | +0.411% | +0.0135% | 1h | $118K | $210K | 5x | as long as short |
| Injective S/USDC PERP | +3.179% | +0.0033% | 1h | $2K | $193K | 12x | as long as short |