Funding you earn now, next payment 02:00 UTC−0.0812%/8h= −89.0% APRpaid last 24h −0.157%
Price spread now: KuCoin against Hyperliquid−0.225%7-day average −0.219% · you buy dearer than you sell
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1481.482% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.225%, 7d avg −0.219%
=Together, before fees−0.188%+ Points / potential airdropHyperliquid: Season 2 · farm board−$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.219%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.238% in total (about -12.4% 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 | Hyperliquid CFX | 0.05322 | 0.0912 | pay 0.0114% / 1h | 54m 18s | $3.1M | $383K | 5x |
| Short | KuCoin CFXUSDTM | 0.05310 | 0.0100 | get 0.0100% / 8h | 6h 54m | $871K | $292K | 75x |
Hyperliquid CFX
KuCoin CFXUSDTMFunding 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
- −$170.6
- Price spread: −0.225% → −0.219%
- −$0.62
- Slippage, 4 orders
- −$127.24
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$319.46
- Costs to cover
- 1.482%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; KuCoin: live order book, 60 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, 7 min ago | 2.70 bp | 22.8 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 60 min ago | 8.35 bp | 51.4 bp −$51 | 95.7 bp −$957 | doesn't fit | doesn't fit |
CFX 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05312 | −0.197% | $5K | $46K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05315 | −0.132% | $5.3M | $11.1M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05316 | −0.113% | $2.4M | $1.7M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05312 | −0.188% | $2.5M | $6.1M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05312 | −0.188% | $1.1M | $2.6M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05308 | −0.263% | $3.2M | $1.7M | 125x | as long as short |
| KuCoin CFXUSDTMshort | +0.0100% | 8h | 0.05310 | −0.225% | $871K | $292K | 75x | |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05317 | −0.094% | $1.6M | $1.5M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05314 | −0.150% | — | $20.3M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05326 | +0.069% | $37K | $41K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05342 | +0.379% | $507K | $1.8M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05315 | −0.129% | $3K | $265K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0408% | 1h | 0.05322 | 0.000% | $44K | $166K | 50x | as long as short |
| Hyperliquid CFXlong | +0.0912% | 1h | 0.05322 | long leg | $3.1M | $383K | 5x | |
| Kraken Futures PF_CFXUSD | +0.1227% | 1h | 0.05326 | +0.071% | $32K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.4264% | 1h | 0.05341 | +0.357% | $141 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL