Settings8H · net · $10k
Funding arb · Price arb /

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.053%
Price spread now: KuCoin against Hyperliquid+0.255%7-day average −0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$426as in the Funding arb table
Net, price: spread back to 7d avg − costs−$373as in the Price arb table
costs, in and out, $10k−$4114.106% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.159%−$16 on $10k
Price spread, last 4 days (all we have)−0.486%−$49 · spread now +0.255%, 7d avg −0.116%
Together, before fees−0.646%+ Points / potential airdropHyperliquid: Season 2 · farm board−$65 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 0.371% dearer against Hyperliquid than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of −0.116%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CC0.11780.0100pay 0.0013% / 1h55m 50s$5.5M$1.4M3x
ShortKuCoin CCUSDTM0.11810.0100get 0.0050% / 4h2h 55m$497K$120K50x

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

Funding earned
$0
Price spread: +0.255% → −0.116%
$37.11
Slippage, 4 orders
−$389.55
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$373.44
Costs to cover
4.106%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; KuCoin: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago0.84 bp9.5 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 57 min ago20.30 bp176.5 bp −$177doesn't fitdoesn't fitdoesn't fit

CC on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective CC/USDC PERP−0.3556%1h0.1184+0.543%$6K$965.5xas long as short
Bybit CCUSDT−0.0529%4h0.1172−0.510%$10.6M$3.8M25xas long as short
MEXC CC_USDT−0.0528%4h0.1172−0.450%$1.6M$312K100xas long as short
Paradex CC-USD-PERP+0.0081%8h0.1170−0.606%$1K5xas long as short
Hyperliquid CClong+0.0100%1h0.1178long leg$5.5M$1.4M3x
Aster CCUSDT+0.0100%4h0.1179+0.144%$35K$39K20xas long as short
Binance CCUSDT+0.0100%4h0.1174−0.337%$11.1M$11.8M75xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1171−0.543%$2.5M$3.5M20xas long as short
Gate CC_USDT+0.0100%4h0.1178+0.017%$363K$212K50xas long as short
KuCoin CCUSDTMshort+0.0100%4h0.1181+0.255%$497K$120K50x
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1178+0.068%$928K$801K20xas long as short
BingX CC-USDT+0.0100%4h0.1177−0.025%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1177−0.025%$15K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1179+0.086%$601K$55Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1186+0.722%$82K$2.3M10xas long as short
Derive CC-PERP+0.0100%1h0.1177−0.019%$6K$36K6.7xas long as short
Lighter CC+0.0224%1h0.1176−0.136%$233K$150K5xas long as short
BloFin CC-USDT+0.0340%4h0.1184+0.518%$598K$102K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0449% / S −0.0241%1h0.1179+0.144%$44K50xas long as short