TREAD funding rates and arbitrage
Updated 2026-11-11 22:59 UTC
Best TREAD arbitrage after every cost
No TREAD pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
TREAD funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Hyperliquid | para:TREAD | -0.0735% | 1 h | −644.2% | +303.2% | $410.4K | 2026-11-12 00:00 |
| Kraken | PF_TREADUSD | -0.1108% | 1 h | −970.4% | −1523.4% | $1.8K | 2026-11-12 00:00 |
Cost to enter $10,000 of TREAD
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Kraken | PF_TREADUSD | 208.2 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
Questions
Is TREAD funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no TREAD pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest TREAD funding rate?
Hyperliquid at −644.2% a year (-0.0735% every 1 h); the lowest is Kraken at −970.4%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.