Funding you earn now, next payment 22:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.034%
Price spread now: KuCoin against Hyperliquid−0.094%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 7 days+0.085%+$8 · spread now −0.094%, 7d avg −0.039%
=Together, before fees−0.030%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.054% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BTC | 86,672 | 0.0100 | pay 0.0013% / 1h | 48m 45s | $3.83B | $5.10B | 40x |
| Short | KuCoin XBTUSDTM | 86,590.8 | −0.0002 | pay 0.0002% / 8h | 2h 48m | $844.5M | $709.4M | 125x |
Hyperliquid BTC
KuCoin XBTUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21.42
- Price spread: −0.094% → −0.039%
- −$5.43
- Slippage, 4 orders
- −$0.35
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$48.21
- Costs to cover
- 0.214%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 4.6 bp −$456 | 5.0 bp −$2,511 |
| Sell KuCoin live order book, 5 min ago | 0.01 bp | 6.0 bp −$6 | 7.2 bp −$72 | 8.7 bp −$873 | doesn't fit |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0335% | 43m | 86,625 | −0.054% | $426K | $25.1M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0200% | 1h | 86,707.1 | +0.041% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,701 | +0.033% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0094% | 1h | 86,651.2 | −0.024% | $18.0M | $20.0M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,590 | −0.095% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTMshort | −0.0002% | 8h | 86,590.8 | −0.094% | $844.5M | $709.4M | 125x | |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,606.1 | −0.076% | $361K | $2.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,629.6 | −0.049% | $921.2M | $1.39B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,614.5 | −0.066% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0012% | 8h | 86,617.1 | −0.063% | $505.7M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0020% | 8h | 86,599.5 | −0.084% | — | $15.3M | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,587.6 | −0.097% | $6.7M | $144.0M | 40x | as long as short |
| Phemex BTCUSDT | +0.0024% | 8h | 86,586.9 | −0.098% | $149.5M | $469.6M | 150x | as long as short |
| Bitget BTCUSDT | +0.0026% | 8h | 86,611 | −0.070% | $2.94B | $5.08B | 150x | as long as short |
| MEXC BTC_USDT | +0.0047% | 8h | 86,600.5 | −0.082% | $5.19B | $5.63B | 500x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,594.3 | −0.090% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0048% | 8h | 86,629.9 | −0.049% | $9.44B | $24.36B | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.069% | $315K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0061% | 8h | 86,647 | −0.029% | $2.57B | $12.70B | 100x | as long as short |
| RISEx BTC/USDC | +0.0063% | 1h | 86,600.2 | −0.083% | $9.2M | $42.2M | 25x | as long as short |
| Gate BTC_USDT | +0.0064% | 8h | 86,609.9 | −0.072% | $5.86B | $10.57B | 200x | as long as short |
| Bybit BTCUSDT | +0.0079% | 8h | 86,635.4 | −0.042% | $5.28B | $9.70B | 150x | as long as short |
| Variational Omni BTC | +0.0088% | 8h | 86,626.8 | −0.052% | $159.8M | $564.2M | — | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,634.2 | −0.044% | $171.9M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,642 | −0.035% | $24.0M | $152.8M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,635.2 | −0.042% | $217.5M | $189.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,578 | −0.108% | $8.5M | $52.1M | 100x | as long as short |
| Orderly PERP_BTC_USDC | +0.0099% | 8h | 86,608.2 | −0.074% | $2.4M | $8.4M | 100x | as long as short |
| SoDEX BTC-USD | +0.0099% | 1h | 86,592 | −0.092% | $60.4M | $336.5M | 40x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,628 | −0.051% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,579 | −0.107% | $200K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,600 | −0.083% | $21.8M | $237.5M | 50x | as long as short |
| Hyperliquid BTClong | +0.0100% | 1h | 86,672 | long leg | $3.83B | $5.10B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 86,657.2 | −0.017% | $41.0M | $485.8M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,630 | −0.048% | $3.9M | $18.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,667.5 | −0.005% | $7.4M | $95.6M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | −0.008% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,592.9 | −0.091% | $38.2M | $148.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,704.2 | +0.037% | $280.1M | $946.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,636.4 | −0.041% | $141.8M | $322.7M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,664 | −0.009% | $30.8M | $205.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,656.9 | −0.017% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,588 | −0.097% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,587.2 | −0.098% | $198K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,611 | −0.070% | $140K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,596 | −0.088% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,576.6 | −0.110% | $3.4M | $5.6M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,578.8 | −0.108% | $2.30B | $956.7M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,592.4 | −0.092% | $46.5M | $229.3M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,613.5 | −0.068% | — | $98.1M | 500x | as long as short |
| Kalshi KXBTCPERP | +0.0106% | 8h | 86,635 | −0.043% | $8.8M | $724.4M | 6.4x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0117% | 1h | 86,632.7 | −0.045% | $192.1M | $926.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,642.1 | −0.034% | $131.9M | $5.91B | 50x | as long as short |
| BloFin BTC-USDT | +0.0168% | 8h | 86,592.1 | −0.092% | $418.0M | $642.6M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0198% | 1h | 86,609.5 | −0.072% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 86,672.4 | 0.000% | $598K | $7.2M | 30x | as long as short |
BingX BTC-USDC
Reya BTCRUSDPERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
RISEx BTC/USDC
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Popdex BTCUSDT
Orderly PERP_BTC_USDC
SoDEX BTC-USD
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kalshi KXBTCPERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P