After costs, if the gap returns to its 7d average, $10k−$161
spread now+0.153%7d average+0.056%fees + slippage, in and out−$170spread needed1.705%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USUALUSD | 0.01351 | −0.0688 | get 0.0086% / 1h | 24m 20s | $110K | $26K | 10x |
| Short | Hyperliquid USUAL | 0.01353 | 0.0100 | get 0.0013% / 1h | 24m 20s | $394K | $234K | 3x |
Kraken Futures PF_USUALUSD
Hyperliquid USUALPrice 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
- $15.29
- Funding while held
- $23.63
- Slippage, 4 orders
- −$151.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$131.58
- Spread needed to break even
- 1.705%
Slippage from Kraken Futures: live order book, 5 min ago; Hyperliquid: live order book, 47 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0788%
- Per $10,000 a day
- +$23.63
- 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 live order book, 5 min ago | 33.37 bp | 53.2 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 47 min ago | 7.39 bp | 34.2 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
USUAL price on every exchange
against the cheapest. Click to use as the short leg.Injective0.01335cheapestBinance0.01350+1.146%MEXC0.01351+1.169%
Injective
Binance
MEXCKraken Futures0.01351+1.194%
Hyperliquid0.01353+1.348%
Bitget0.01353+1.348%BingX0.01354+1.401%Gate0.01354+1.423%Bybit0.01354+1.461%KuCoin0.01355+1.498%Variational Omni0.01356+1.586%
Bitget
BingX
Gate
Bybit
KuCoin
Variational OmniUSUAL on 11 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −1.179% | −0.4908% | 1h | $6K | $57K | 5.5x | as long as short |
| Binance USUALUSDT | −0.047% | +0.0100% | 4h | $2.1M | $3.6M | 50x | as long as short |
| MEXC USUAL_USDT | −0.025% | +0.0100% | 4h | $5.9M | $306K | 100x | as long as short |
| Kraken Futures PF_USUALUSDlong | 0.000% | −0.0688% | 1h | $110K | $26K | 10x | |
| Hyperliquid USUALshort | +0.153% | +0.0100% | 1h | $394K | $234K | 3x | |
| Bitget USUALUSDT | +0.153% | +0.0100% | 4h | $822K | $540K | 50x | as long as short |
| BingX USUAL-USDT | +0.205% | +0.0100% | 4h | — | $1.2M | — | as long as short |
| Gate USUAL_USDT | +0.227% | +0.0100% | 8h | $907K | $261K | 50x | as long as short |
| Bybit USUALUSDT | +0.264% | +0.0100% | 4h | $1.0M | $976K | 25x | as long as short |
| KuCoin USUALUSDTM | +0.301% | +0.0100% | 4h | $285K | $67K | 20x | as long as short |
Show all 11 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.388% | +0.0100% | 4h | $9K | $4K | — | as long as short |