MINA arbitrage between HyperLiquid and Kraken: we compare the price of MINA on HyperLiquid (futures) and Kraken (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Mina Protocol

The world's lightest blockchain, powered by participants. Mina is building a privacy-preserving gateway between the real world and crypto — and the infrastructure for the secure, democratic future we all deserve.

Smart Contract Platform, Layer 1 (L1), Zero Knowledge (ZK), FTX Holdings

Open interest in MINA right now — $5.6M: Binance $1.6M, BingX $1.5M, HyperLiquid $678.5K, Bybit $632.7K, KuCoin $482.3K. See OI MINA.

About MINA arbitrage

How do I read the MINA spread?

The spread is how many percent higher MINA trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Kraken. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get MINA alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.