Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%

Price spread now: KuCoin against Hyperliquid+0.058%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$240as in the Price arb table

costs, in and out, $10k−$2442.436% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.058%, 7d avg +0.018%

Together, before fees+0.068%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 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: KuCoin is 0.040% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ANIME	0.003424	0.0100	pay 0.0013% / 1h	40m 04s	$302K	$95K	3x
Short	KuCoin ANIMEUSDTM	0.003426	0.0100	get 0.0050% / 4h	3h 40m	$410K	$85K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. 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 HyperliquidbpFee KuCoinbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.018%: $4.04
Slippage, 4 orders: −$222.6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$239.56
Costs to cover: 2.436%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 69 min ago; KuCoin: live order book, 53 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 Hyperliquid live order book, 69 min ago	8.66 bp	47.2 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 53 min ago	7.27 bp	73.0 bp −$73	doesn't fit	doesn't fit	doesn't fit

ANIME on 13 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
Kraken Futures PF_ANIMEUSD	−0.0217%	1h	0.003426	+0.056%	$28K	$12K	10x	as long as short
Hyperliquid ANIMElong	+0.0100%	1h	0.003424	long leg	$302K	$95K	3x
Aster ANIMEUSDT	+0.0100%	4h	0.003429	+0.155%	$28K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003425	+0.042%	$1.3M	$1.9M	20x	as long as short
Bybit ANIMEUSDT	+0.0100%	4h	0.003427	+0.088%	$724K	$369K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003423	−0.029%	$444K	$727K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003425	+0.029%	$145K	$50K	25x	as long as short
MEXC ANIME_USDT	+0.0100%	4h	0.003426	+0.058%	$205K	$86K	20x	as long as short
KuCoin ANIMEUSDTMshort	+0.0100%	4h	0.003426	+0.058%	$410K	$85K	20x
Bitget ANIMEUSDT	+0.0100%	4h	0.003425	+0.029%	$856K	$154K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003426	+0.058%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003426	+0.071%	$12K	$953	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003427	+0.088%	$837	—	100x	as long as short