Funding you earn now, next payment 22:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.071%
Price spread now: KuCoin against Hyperliquid−0.115%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$690.689% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 7 days+0.156%+$16 · spread now −0.115%, 7d avg −0.046%
=Together, before fees+0.055%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.068% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FET | 0.2005 | 0.0143 | pay 0.0018% / 1h | 39m 07s | $9.0M | $7.6M | 5x |
| Short | KuCoin FETUSDTM | 0.2003 | 0.0100 | get 0.0100% / 8h | 2h 39m | $10.4M | $19.0M | 50x |
Hyperliquid FET
KuCoin FETUSDTMFunding 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
- −$9.01
- Price spread: −0.115% → −0.046%
- −$6.84
- Slippage, 4 orders
- −$47.88
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$84.74
- Costs to cover
- 0.689%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; KuCoin: live order book, 5 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, 3 min ago | 0.25 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 4.98 bp | 30.3 bp −$30 | 75.0 bp −$750 | doesn't fit | doesn't fit |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.3231% | 1h | 0.2004 | −0.065% | $26K | $230K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2009 | +0.185% | $160K | $188K | 50x | as long as short |
| Gate FET_USDT | −0.0088% | 8h | 0.2002 | −0.165% | $2.7M | $11.8M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2003 | −0.125% | $31K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2006 | +0.022% | $1.0M | $2.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2005 | −0.016% | $345K | $527K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2004 | −0.041% | $31.3M | $107.1M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2005 | −0.015% | $853K | $7.5M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2004 | −0.065% | $35.1M | $25.3M | 200x | as long as short |
| KuCoin FETUSDTMshort | +0.0100% | 8h | 0.2003 | −0.115% | $10.4M | $19.0M | 50x |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2008 | +0.110% | $272K | $316K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2002 | −0.165% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2003 | −0.129% | $32K | $144K | 10x | as long as short |
| BingX FET-USDT | +0.0123% | 8h | 0.2004 | −0.065% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0139% | 8h | 0.2006 | +0.035% | $16.4M | $11.4M | 75x | as long as short |
| Hyperliquid FETlong | +0.0143% | 1h | 0.2005 | long leg | $9.0M | $7.6M | 5x | |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2001 | −0.208% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2004 | −0.065% | $1.7M | $2.6M | 100x | as long as short |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2030 | +1.232% | $3K | $118K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2011 | +0.299% | $27K | $37K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
Bitget FETUSDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
Injective FET/USDC PERP
Phoenix FET