Funding you earn now, next payment 00:00 UTC−0.1196%/8h= −131.0% APRpaid last 24h −0.160%
Price spread now: Hyperliquid against KuCoin0.000%7-day average −0.157% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,802as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,730as in the Price arb table
costs, in and out, $10k−$1,74617.459% of the position
Funding, last 7 days−0.560%−$56 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now 0.000%, 7d avg −0.157%
=Together, before fees−0.606%+ Points / potential airdropHyperliquid: Season 2 · farm board−$61 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.157% dearer against KuCoin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.157%): +$16 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.560% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.560% in total (about -29.2% 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 DYMUSDTM | 0.01829 | 0.1296 | pay 0.0648% / 4h | 31m 40s | $431K | $144K | 25x |
| Short | Hyperliquid DYM | 0.01829 | 0.0100 | get 0.0013% / 1h | 31m 40s | $365K | $254K | 3x |
KuCoin DYMUSDTM
Hyperliquid DYMFunding 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
- −$251.16
- Price spread: 0.000% → −0.157%
- $15.67
- Slippage, 4 orders
- −$1,724.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$1,981.42
- Costs to cover
- 17.459%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 30 min ago; Hyperliquid: live order book, 28 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, 30 min ago | 24.54 bp | 818.3 bp −$818 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 28 min ago | 2.73 bp | 35.6 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
DYM on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX DYM-USD | 0.0000% | 1h | 0.01826 | −0.154% | $250 | $5 | 5x | as long as short |
| Injective DYM/USDC PERP | +0.0033% | 1h | 0.01718 | −6.069% | $237 | $12K | 5.5x | as long as short |
| Hyperliquid DYMshort | +0.0100% | 1h | 0.01829 | 0.000% | $365K | $254K | 3x | |
| Aster DYMUSDT | +0.0100% | 4h | 0.01829 | −0.014% | $75K | $6K | 5x | as long as short |
| Binance DYMUSDT | +0.0100% | 4h | 0.01829 | −0.016% | $2.4M | $4.7M | 10x | as long as short |
| Bybit DYMUSDT | +0.0100% | 4h | 0.01826 | −0.164% | $777K | $423K | 25x | as long as short |
| MEXC DYM_USDT | +0.0100% | 4h | 0.01827 | −0.109% | $1.1M | $668K | 20x | as long as short |
| Bitget DYMUSDT | +0.0100% | 4h | 0.01829 | 0.000% | $398K | $180K | 25x | as long as short |
| BingX DYM-USDT | +0.0100% | 4h | 0.01828 | −0.055% | — | $12.8M | — | as long as short |
| Variational Omni DYM | +0.0100% | 4h | 0.01823 | −0.312% | $9K | $5K | — | as long as short |
dYdX DYM-USD
Injective DYM/USDC PERP
Aster DYMUSDT
Binance DYMUSDT
Bybit DYMUSDT
MEXC DYM_USDT
Bitget DYMUSDT
BingX DYM-USDT
Variational Omni DYMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended DYM-USD | +0.0104% | 1h | 0.01828 | −0.035% | $4K | $263K | 5x | as long as short |
| Gate DYM_USDT | +0.0394% | 4h | 0.01830 | +0.055% | $146K | $169K | 25x | as long as short |
| KuCoin DYMUSDTMlong | +0.1296% | 4h | 0.01829 | long leg | $431K | $144K | 25x | |
| Kraken Futures PF_DYMUSD | +0.1949% | 1h | 0.01832 | +0.137% | $14K | $5K | 10x | as long as short |
Extended DYM-USD
Gate DYM_USDT
Kraken Futures PF_DYMUSD