Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: KuCoin against Hyperliquid−0.062%7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$347as in the Funding arb table

Net, price: spread back to 7d avg − costs−$336as in the Price arb table

costs, in and out, $10k−$3423.420% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.092%−$9 · spread now −0.062%, 7d avg −0.123%

Together, before fees−0.145%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 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 0.062% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AR	4.5268	0.0100	pay 0.0013% / 1h	31m 32s	$4.1M	$4.7M	5x
Short	KuCoin ARUSDTM	4.5240	0.0100	get 0.0100% / 8h	6h 31m	$1.4M	$1.1M	50x

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 −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.123%: $6.16
Slippage, 4 orders: −$321.01
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$335.85
Costs to cover: 3.420%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; KuCoin: live order book, 9 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, 10 min ago	6.34 bp	18.0 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	4.46 bp	159.3 bp −$159	840.4 bp −$8,404	doesn't fit	doesn't fit

AR 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
Kraken Futures PF_ARUSD	−0.1694%	1h	4.5233	−0.077%	$55K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+1.860%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5204	−0.141%	$581K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0130%	8h	4.5230	−0.084%	$2.3M	$19.4M	20x	as long as short
Extended AR-USD	+0.0032%	1h	4.5222	−0.101%	$37K	$238K	10x	as long as short
MEXC AR_USDT	+0.0032%	8h	4.5230	−0.084%	$6.4M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0035%	8h	4.5234	−0.075%	$9.0M	$53.0M	75x	as long as short
Hyperliquid ARlong	+0.0100%	1h	4.5268	long leg	$4.1M	$4.7M	5x
Aster ARUSDT	+0.0100%	8h	4.5230	−0.083%	$26K	$493K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5220	−0.106%	$4.5M	$8.4M	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5220	−0.106%	$2.5M	$2.1M	50x	as long as short
KuCoin ARUSDTMshort	+0.0100%	8h	4.5240	−0.062%	$1.4M	$1.1M	50x
Bitget ARUSDT	+0.0100%	8h	4.5200	−0.150%	$3.9M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5240	−0.062%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4903	−0.806%	$140K	$165K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4900	−0.813%	$20K	$742K	50x	as long as short