Funding you earn now, next payment 23:00 UTC+0.0693%/8h= +75.8% APRpaid last 24h +0.158%
Price spread now: Hyperliquid against KuCoin+0.222%7-day average +0.220% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1441.437% of the position
Funding, last 7 days+0.216%+$22 on $10k
+Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.222%, 7d avg +0.220%
=Together, before fees+0.116%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.220%, so right now this pair is about funding alone: +$21 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 0.216% in total (about 11.3% 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 CFXUSDTM | 0.05350 | 0.0100 | pay 0.0100% / 8h | 1h 55m | $886K | $297K | 75x |
| Short | Hyperliquid CFX | 0.05362 | 0.0793 | get 0.0099% / 1h | 55m 14s | $3.2M | $408K | 5x |
KuCoin CFXUSDTM
Hyperliquid CFXFunding 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
- $145.44
- Price spread: +0.222% → +0.220%
- $0.26
- Slippage, 4 orders
- −$122.7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $1.99
- Costs to cover
- 1.437%
- Break-even
- 6.9 days
Slippage from KuCoin: live order book, 19 min ago; Hyperliquid: live order book, 6 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, 19 min ago | 17.73 bp | 41.6 bp −$42 | 95.0 bp −$950 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.65 bp | 15.8 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CFX_USDT | +0.0015% | 8h | 0.05348 | −0.037% | $1.1M | $3.0M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05349 | −0.011% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05351 | +0.019% | $5.4M | $11.3M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05351 | +0.019% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05349 | −0.019% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05351 | +0.019% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTMlong | +0.0100% | 8h | 0.05350 | long leg | $886K | $297K | 75x | |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05350 | 0.000% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05349 | −0.019% | — | $18.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05350 | −0.008% | $37K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
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 | 0.05337 | −0.236% | $506K | $2.0M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05350 | +0.002% | $132 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0392% | 1h | 0.05366 | +0.299% | $35K | $197K | 50x | as long as short |
| Hyperliquid CFXshort | +0.0793% | 1h | 0.05362 | +0.222% | $3.2M | $408K | 5x | |
| Deribit CFX_USDC-PERPETUAL | +0.1805% | 1h | 0.05364 | +0.262% | $142 | $29 | 10x | as long as short |
| Kraken Futures PF_CFXUSD | +0.2041% | 1h | 0.05363 | +0.242% | $33K | $23K | 20x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Deribit CFX_USDC-PERPETUAL
Kraken Futures PF_CFXUSD