2Z

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Hyperliquid−0.025%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1671.674% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.543%+$54 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.025%, 7d avg −0.010%

Together, before fees+0.693%+ Points / potential airdropHyperliquid: Season 2 · farm board+$69 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid 2Z	0.05240	0.0100	pay 0.0013% / 1h	15m 57s	$677K	$373K	3x
Short	KuCoin 2ZUSDTM	0.05239	0.0100	get 0.0050% / 4h	1h 15m	$193K	$52K	50x

Funding history

latest

Range statsloading…

KuCoin against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.025%Rate

Slippage from Hyperliquid: live order book, 24 min ago; KuCoin: live order book, 4 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 24 min ago	2.03 bp	20.6 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	14.13 bp	71.4 bp −$71	604.1 bp −$6,041	doesn't fit	doesn't fit

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 2Z_USDC_PERP	−0.0382%	1h	0.05236	−0.076%	$46K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.962%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05240	0.000%	$17K	$8K	3x	as long as short
Hyperliquid 2Zlong	+0.0100%	1h	0.05240	long leg	$677K	$373K	3x
Aster 2ZUSDT	+0.0100%	4h	0.05241	+0.010%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05241	+0.017%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05237	−0.056%	$2.1M	$2.3M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05239	−0.019%	$691K	$974K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05228	−0.229%	$452K	$712K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05237	−0.057%	$92K	$68K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05240	0.000%	$296K	$125K	50x	as long as short
KuCoin 2ZUSDTMshort	+0.0100%	4h	0.05239	−0.025%	$193K	$52K	50x
Bitget 2ZUSDT	+0.0100%	4h	0.05233	−0.134%	$159K	$633K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05241	+0.019%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05240	0.000%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05239	−0.019%	$1K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.2479%	1h	0.05239	−0.022%	$6K	$3K	10x	as long as short