Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.059%

Price spread now: KuCoin against Hyperliquid−0.118%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$530.527% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 7 days+0.119%+$12 · spread now −0.118%, 7d avg −0.069%

Together, before fees−0.008%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 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 0.050% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ARB	0.2279	0.0100	pay 0.0013% / 1h	31m 08s	$41.4M	$47.3M	10x
Short	KuCoin ARBUSDTM	0.2276	0.0100	get 0.0100% / 8h	31m 08s	$19.8M	$16.2M	75x

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 −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.069%: −$4.97
Slippage, 4 orders: −$31.73
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$57.7
Costs to cover: 0.527%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; KuCoin: live order book, 3 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, 12 min ago	0.22 bp	5.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.76 bp	15.7 bp −$16	40.1 bp −$401	doesn't fit	doesn't fit

ARB on 36 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
Injective ARB/USDC PERP	−0.1785%	1h	0.2270	−0.377%	$41K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0279%	1h	0.2277	−0.083%	$75K	$2.0M	10x	as long as short
Variational Omni ARB	−0.0184%	8h	0.2276	−0.115%	$2.0M	$2.8M	—	as long as short
01 Exchange ARBUSD	−0.0168%	1h	0.2276	−0.105%	$7K	$2K	10x	as long as short
Bybit ARBUSDT	−0.0163%	8h	0.2275	−0.145%	$58.5M	$128.4M	50x	as long as short
MEXC ARB_USDT	−0.0109%	8h	0.2275	−0.140%	$38.2M	$59.7M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0109%	8h	0.2275	−0.158%	$23.0M	$160.3M	50x	as long as short
SoDEX ARB-USD	−0.0072%	1h	0.2277	−0.070%	$4K	$2.6M	5x	as long as short
Orderly PERP_ARB_USDC	−0.0041%	8h	0.2277	−0.070%	$13K	$395K	10x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2279	+0.005%	$67K	$4K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2278	−0.039%	$26K	$32K	25x	as long as short
Gate ARB_USDT	+0.0004%	8h	0.2276	−0.114%	$5.5M	$20.2M	60x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0005%	1h	0.2279	+0.014%	$55K	—	150x	as long as short
Extended ARB-USD	+0.0008%	1h	0.2276	−0.118%	$363K	$2.3M	25x	as long as short
Binance ARBUSDT	+0.0011%	8h	0.2276	−0.127%	$66.7M	$313.8M	75x	as long as short
BloFin ARB-USDT	+0.0043%	8h	0.2276	−0.114%	$3.1M	$2.8M	75x	as long as short
Bitget ARBUSDT	+0.0066%	8h	0.2275	−0.158%	$21.5M	$35.9M	50x	as long as short
BingX ARB-USDT	+0.0067%	8h	0.2276	−0.136%	—	$53.6M	—	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2278	−0.034%	$149K	$12K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2278	−0.048%	$1.4M	$7.4M	15x	as long as short
Hyperliquid ARBlong	+0.0100%	1h	0.2279	long leg	$41.4M	$47.3M	10x
Aster ARBUSDT	+0.0100%	8h	0.2278	−0.031%	$710K	$1.6M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2278	−0.029%	$48K	$185K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2276	−0.118%	$19.8M	$16.2M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2278	−0.019%	$40K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2278	−0.012%	$486K	$3.7M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2278	−0.026%	$123K	$295K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2280	+0.061%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2277	−0.066%	$291K	$1.1M	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2277	−0.070%	$5.2M	$13.1M	50x	as long as short
Coinbase International ARB-PERP-INTX	+0.0216%	1h	0.2285	+0.281%	$514K	$2.3M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0235%	1h	0.2278	−0.007%	$1.2M	$4.9M	50x	as long as short
Reya ARBRUSDPERP	+0.0290%	1h	0.2276	−0.100%	$2K	$695	20x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0296% / S −0.0186%	1h	0.2279	+0.001%	$931K	—	150x	as long as short
RISEx ARB/USDC	+0.0330%	1h	0.2279	+0.009%	$504K	$2.7M	10x	as long as short
Backpack ARB_USDC_PERP	+0.0485%	1h	0.2279	+0.018%	$927K	$2.8M	20x	as long as short