Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0746%/8h= +81.7% APRpaid last 24h +0.164%

Price spread now: Hyperliquid against KuCoin+0.136%7-day average +0.181% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$990.986% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.601%+$60 on $10k

Price spread, last 7 days+0.026%+$3 · spread now +0.136%, 7d avg +0.181%

Together, before fees+0.627%+ Points / potential airdropHyperliquid: Season 2 · farm board+$63 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.136% now, against its 7-day average of +0.181%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.601% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 0GUSDTM	0.2354	0.0100	pay 0.0050% / 4h	3h 16m	$2.4M	$2.5M	50x
Short	Hyperliquid 0G	0.2357	0.0846	get 0.0106% / 1h	16m 03s	$2.5M	$512K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.136%Rate

Funding earned: $156.63
Price spread: +0.136% → +0.181%: −$4.53
Slippage, 4 orders: −$77.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $53.47
Costs to cover: 0.986%
Break-even: 4.6 days

Slippage from KuCoin: live order book, 6 min ago; Hyperliquid: live order book, 5 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 KuCoin live order book, 6 min ago	5.54 bp	25.8 bp −$26	340.4 bp −$3,404	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	2.34 bp	18.7 bp −$19	doesn't fit	doesn't fit	doesn't fit

0G on 16 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
BingX 0G-USDT	−0.1432%	4h	0.2354	−0.004%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2352	−0.107%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0061%	4h	0.2333	−0.896%	$327K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2351	−0.144%	$20K	$30K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2354	−0.004%	$6.9M	$9.2M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2355	+0.038%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2359	+0.208%	$891K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2350	−0.174%	$607K	$171K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2354	−0.004%	$2.1M	$204K	50x	as long as short
KuCoin 0GUSDTMlong	+0.0100%	4h	0.2354	long leg	$2.4M	$2.5M	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget 0GUSDT	+0.0100%	4h	0.2356	+0.081%	$1.9M	$752K	50x	as long as short
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2354	−0.004%	$35K	$48K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2352	−0.105%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2346	−0.344%	$18K	$630K	50x	as long as short
Lighter 0G	+0.0440%	1h	0.2356	+0.081%	$45K	$100K	3x	as long as short
Hyperliquid 0Gshort	+0.0846%	1h	0.2357	+0.136%	$2.5M	$512K	3x