WIF

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0129%/8h= +14.1% APRnext payment +$0.16 per $10,000 · paid last 24h +0.026%

Price spread now: Hyperliquid against Kraken Futures−0.016%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$750.752% of the position

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 3 days (all we have)−0.100%−$10 · spread now −0.016%, 7d avg +0.012%

Together, before fees+0.073%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.012%). If the spread goes back, that is −$3 on $10k: about 17 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_WIFUSD	0.2497	0.0039	pay 0.0005% / 1h	35m 26s	$662K	$2.2M	50x
Short	Hyperliquid WIF	0.2496	0.0168	get 0.0021% / 1h	35m 26s	$7.9M	$4.3M	5x

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 −0.016%Rate

Funding earned: $27.08
Price spread: −0.016% → +0.012%: −$2.75
Slippage, 4 orders: −$56.23
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$50.9
Costs to cover: 0.752%
Break-even: 20.2 days

Slippage from Kraken Futures: live order book, 3 min ago; Hyperliquid: live order book, 7 min ago.

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, 3 min ago	10.17 bp	20.6 bp −$21	42.6 bp −$426	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	1.43 bp	15.1 bp −$15	doesn't fit	doesn't fit	doesn't fit

WIF on 32 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
Backpack WIF_USDC_PERP	−0.0357%	1h	0.2502	+0.200%	$77K	$252K	10x	as long as short
Gate WIF_USDT	−0.0122%	4h	0.2491	−0.232%	$1.3M	$7.1M	50x	as long as short
KuCoin WIFUSDTM	−0.0012%	4h	0.2491	−0.232%	$4.4M	$12.0M	75x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2497	−0.011%	$19K	$589	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2495	−0.072%	$49K	$289K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0001%	1h	0.2494	−0.131%	$16K	—	150x	as long as short
Injective WIF/USDC PERP	+0.0033%	1h	0.2470	−1.073%	$11K	$10K	12x	as long as short
Kraken Futures PF_WIFUSDlong	+0.0039%	1h	0.2497	long leg	$662K	$2.2M	50x
Orderly PERP_WIF_USDC	+0.0095%	4h	0.2495	−0.072%	$5K	$1.3M	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2496	−0.032%	$143K	$588K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex WIFUSDT	+0.0096%	1h	0.2493	−0.152%	$56K	$484K	20x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2497	−0.008%	$25K	$273K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2496	−0.027%	$77K	$51K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2493	−0.141%	$19.2M	$106.7M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2490	−0.272%	$17.1M	$36.7M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2493	−0.152%	$6.0M	$33.7M	50x	as long as short
MEXC WIF_USDT	+0.0100%	4h	0.2493	−0.152%	$22.5M	$10.9M	50x	as long as short
Bitget WIFUSDT	+0.0100%	4h	0.2495	−0.072%	$7.8M	$12.0M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2492	−0.192%	—	$65.8M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2488	−0.348%	$74K	$68K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2450	−1.873%	$275K	$1.9M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2466	−1.233%	$43K	$632K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2490	−0.272%	$1K	$2.8M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2495	−0.088%	$568	$5K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2489	−0.312%	$171K	$742K	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2492	−0.182%	$11K	$154K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2494	−0.124%	$83K	$85	3x	as long as short
Hyperliquid WIFshort	+0.0168%	1h	0.2496	−0.016%	$7.9M	$4.3M	5x
GMX WIF/USD [WBTC.b-USDC]	L +0.0191% / S −0.0138%	1h	0.2493	−0.164%	$7K	—	100x	as long as short
Coinbase International WIF-PERP-INTX	+0.0288%	1h	0.2495	−0.072%	$334K	$2.5M	50x	as long as short
BloFin WIF-USDT	+0.0340%	4h	0.2474	−0.913%	$1.0M	$740K	75x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2492	−0.207%	$0	—	15x	as long as short