Funding you earn now, next payment 04:00 UTC+0.0198%/8h= +21.6% APRpaid last 24h +0.039%
Price spread now: Hyperliquid against KuCoin+0.326%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$2122.120% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.326%, 7d avg +0.062%
=Together, before fees−0.098%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.264% dearer against KuCoin than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.062%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BERAUSDTM | 0.2302 | 0.0100 | pay 0.0050% / 4h | 52m 56s | $554K | $230K | 50x |
| Short | Hyperliquid BERA | 0.2309 | 0.0298 | get 0.0037% / 1h | 52m 56s | $2.9M | $922K | 5x |
KuCoin BERAUSDTM
Hyperliquid BERAFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $41.49
- Price spread: +0.326% → +0.062%
- $26.42
- Slippage, 4 orders
- −$190.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$144.04
- Costs to cover
- 2.120%
- Break-even
- 31.3 days
Slippage from KuCoin: live order book, 30 min ago; Hyperliquid: live order book, 8 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 KuCoin live order book, 30 min ago | 10.86 bp | 81.8 bp −$82 | 201.8 bp −$2,018 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.22 bp | 18.5 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
BERA on 24 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 BERA/USDC PERP | −0.5000% | 1h | 0.2170 | −5.734% | $2K | $3K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.0488% | 1h | 0.2302 | −0.020% | $51K | $25K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0328% | 1h | 0.2281 | −0.912% | $15K | $53K | 50x | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2304 | +0.087% | $62K | $81K | 5x | as long as short |
| Orderly PERP_BERA_USDC | +0.0099% | 4h | 0.2306 | +0.174% | $9K | $987 | 10x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2303 | +0.056% | $15K | $27K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2302 | −0.013% | $5.4M | $14.2M | 50x | as long as short |
| Bybit BERAUSDT | +0.0100% | 4h | 0.2300 | −0.087% | $3.1M | $4.1M | 25x | as long as short |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2299 | −0.130% | $1.5M | $3.2M | 20x | as long as short |
| Gate BERA_USDT | +0.0100% | 4h | 0.2303 | +0.043% | $347K | $350K | 50x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
Lighter BERA
Orderly PERP_BERA_USDC
Aster BERAUSDT
Binance BERAUSDT
Bybit BERAUSDT
OKX BERA-USDT-SWAP
Gate BERA_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BERA_USDT | +0.0100% | 4h | 0.2301 | −0.043% | $1.2M | $397K | 20x | as long as short |
| KuCoin BERAUSDTMlong | +0.0100% | 4h | 0.2302 | long leg | $554K | $230K | 50x | |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2301 | −0.043% | $1.5M | $1.0M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2304 | +0.087% | — | $6.6M | — | as long as short |
| Variational Omni BERA | +0.0100% | 4h | 0.2301 | −0.060% | $84K | $49K | — | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2290 | −0.521% | $32K | $460K | 50x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2305 | +0.130% | $376 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0115% | 4h | 0.2307 | +0.217% | $281K | $74K | 75x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0184% | 1h | 0.2307 | +0.217% | $2K | $55K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2306 | +0.155% | $2K | — | 100x | as long as short |
| 01 Exchange BERAUSD | +0.0240% | 1h | 0.2307 | +0.217% | $3K | $3K | 5x | as long as short |
| Hyperliquid BERAshort | +0.0298% | 1h | 0.2309 | +0.326% | $2.9M | $922K | 5x | |
| GRVT BERA_USDT_Perp | +0.0340% | 4h | 0.2291 | −0.485% | $107K | $3.2M | 10x | as long as short |
| Backpack BERA_USDC_PERP | +0.0774% | 1h | 0.2306 | +0.195% | $29K | $160K | 5x | as long as short |
MEXC BERA_USDT
Bitget BERAUSDT
BingX BERA-USDT
Variational Omni BERA
ApeX Omni BERAUSDT
SoDEX BERA-USD
BloFin BERA-USDT
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
01 Exchange BERAUSD
GRVT BERA_USDT_Perp
Backpack BERA_USDC_PERP