Funding you earn now, next payment 00:00 UTC−0.0323%/8h= −35.3% APRpaid last 24h −0.068%
Price spread now: KuCoin against Hyperliquid−0.041%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$890.891% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now −0.041%, 7d avg −0.067%
=Together, before fees−0.097%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.026% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.041% now, against its 7-day average of −0.067%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.149% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% 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 CRV | 0.3700 | 0.0423 | pay 0.0053% / 1h | 55m 36s | $22.9M | $16.3M | 10x |
| Short | KuCoin CRVUSDTM | 0.3698 | 0.0100 | get 0.0100% / 8h | 55m 36s | $7.3M | $9.0M | 50x |
Hyperliquid CRV
KuCoin CRVUSDTMFunding 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
- −$67.76
- Price spread: −0.041% → −0.067%
- $2.65
- Slippage, 4 orders
- −$68.15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$154.26
- Costs to cover
- 0.891%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; KuCoin: live order book, 3 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 | 0.41 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 2.71 bp | 33.1 bp −$33 | 115.4 bp −$1,154 | doesn't fit | doesn't fit |
CRV on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0176% | 1h | 0.3694 | −0.157% | $26K | $176K | 10x | as long as short |
| Injective CRV/USDC PERP | −0.0146% | 1h | 0.3670 | −0.797% | $79 | $384K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3689 | −0.271% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0021% | 1h | 0.3692 | −0.203% | $57K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3695 | −0.116% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3692 | −0.203% | $25K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3695 | −0.108% | $418K | $718K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3696 | −0.087% | $132K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3696 | −0.092% | $376K | $216K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3695 | −0.114% | $26.1M | $56.4M | 75x | as long as short |
Phoenix CRV
Injective CRV/USDC PERP
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3695 | −0.122% | $28.3M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3695 | −0.122% | $8.8M | $21.8M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3696 | −0.095% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3695 | −0.122% | $14.9M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTMshort | +0.0100% | 8h | 0.3698 | −0.041% | $7.3M | $9.0M | 50x | |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3698 | −0.041% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3696 | −0.095% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3677 | −0.608% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3687 | −0.344% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3681 | −0.512% | $520K | $427K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3689 | −0.284% | $61K | $697K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3708 | +0.230% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3695 | −0.112% | $244K | $880K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3694 | −0.162% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0155% | 1h | 0.3698 | −0.036% | $3.1M | $2.9M | 50x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3694 | −0.149% | $1.4M | $4.2M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3693 | −0.176% | $384K | $4.7M | 50x | as long as short |
| Hyperliquid CRVlong | +0.0423% | 1h | 0.3700 | long leg | $22.9M | $16.3M | 10x | |
| GMX CRV/USD [ETH-USDC] | L +0.0450% / S −0.0191% | 1h | 0.3693 | −0.183% | $239K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0683% | 1h | 0.3696 | −0.100% | $108K | $316K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Kraken Futures PF_CRVUSD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP