Settings8H · net · $10k
Funding arb · Price arb /

ALGO

all ALGO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against KuCoin+0.098%7-day average +0.039% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.101%+$10 on $10k
Price spread, last 7 days+0.027%+$3 · spread now +0.098%, 7d avg +0.039%
Together, before fees+0.128%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.060% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ALGOUSDTM0.11190.0100pay 0.0100% / 8h6h 27m$3.5M$1.5M50x
ShortHyperliquid ALGO0.11200.0100get 0.0013% / 1h27m 03s$3.6M$2.0M5x

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

Funding earned
$0
Price spread: +0.098% → +0.039%
$5.98
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$15.02
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago5.82 bp50.6 bp −$51207.4 bp −$2,074doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago4.03 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

ALGO on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALGO_USDC-PERPETUAL−0.0107%1h0.1119−0.009%$101K$49K25xas long as short
Coinbase International ALGO-PERP-INTX−0.0064%1h0.1117−0.188%$71K$289K50xas long as short
gTrade (Gains Network) ALGO/USDL +0.0001% / S +0.0003%1h0.1120+0.031%$6K150xas long as short
Variational Omni ALGO+0.0004%8h0.1116−0.315%$61K$12Kas long as short
Injective ALGO/USDC PERP+0.0033%1h0.1120+0.054%$834$233K12xas long as short
Hyperliquid ALGOshort+0.0100%1h0.1120+0.098%$3.6M$2.0M5x
Aster ALGOUSDT+0.0100%8h0.11190.000%$44K$39K5xas long as short
Binance ALGOUSDT+0.0100%8h0.1119−0.047%$9.9M$34.8M75xas long as short
Bybit ALGOUSDT+0.0100%8h0.1118−0.098%$11.5M$12.4M75xas long as short
OKX ALGO-USDT-SWAP+0.0100%8h0.1118−0.089%$2.9M$7.7M50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ALGO_USDT+0.0100%8h0.1118−0.089%$874K$857K50xas long as short
MEXC ALGO_USDT+0.0100%8h0.1119−0.018%$23.0M$3.0M200xas long as short
KuCoin ALGOUSDTMlong+0.0100%8h0.1119long leg$3.5M$1.5M50x
Bitget ALGOUSDT+0.0100%8h0.1119−0.036%$5.6M$3.6M75xas long as short
BingX ALGO-USDT+0.0100%8h0.1119−0.054%$3.3Mas long as short
HTX ALGO-USDT+0.0100%8h0.1120+0.036%$61K$143K75xas long as short
Phemex ALGOUSDT+0.0100%8h0.1121+0.143%$3.8M$1.8M50xas long as short
Extended ALGO-USD+0.0104%1h0.1119−0.022%$6K$227K10xas long as short
Kraken Futures PF_ALGOUSD+0.0261%1h0.1119−0.020%$830K$1.1M50xas long as short
GMX ALGO/USD [WBTC.b-USDC]L +0.0343% / S −0.0313%1h0.1120+0.031%$7K100xas long as short
dYdX ALGO-USD+0.1442%1h0.1120+0.036%$161K$4K5xas long as short