Funding you earn now, next payment 02:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.040%
Price spread now: Hyperliquid against KuCoin−0.135%7-day average +0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$540.536% of the position
Funding, last 7 days+0.330%+$33 on $10k
+Price spread, last 7 days+0.181%+$18 · spread now −0.135%, 7d avg +0.100%
=Together, before fees+0.511%+ Points / potential airdropHyperliquid: Season 2 · farm board+$51 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.234% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of +0.100%). If the spread goes back, that is −$23 on $10k: about 5.6 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin FILUSDTM | 1.0032 | −0.0039 | get 0.0039% / 8h | 6h 29m | $7.4M | $7.2M | 50x |
| Short | Hyperliquid FIL | 1.0018 | 0.0100 | get 0.0013% / 1h | 29m 43s | $8.6M | $9.5M | 5x |
KuCoin FILUSDTM
Hyperliquid FILFunding 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
- $29.19
- Price spread: −0.135% → +0.100%
- −$23.44
- Slippage, 4 orders
- −$32.58
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$47.83
- Costs to cover
- 0.536%
- Break-even
- 18.5 days
Slippage from KuCoin: live order book, 3 min ago; Hyperliquid: 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 KuCoin live order book, 3 min ago | 3.50 bp | 16.0 bp −$16 | 37.2 bp −$372 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.50 bp | 12.0 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
FIL on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0296% | 1h | 1.0020 | −0.120% | $368K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0191% | 1h | 1.0033 | +0.014% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0058% | 8h | 1.0017 | −0.150% | $18.6M | $99.9M | 50x | as long as short |
| KuCoin FILUSDTMlong | −0.0039% | 8h | 1.0032 | long leg | $7.4M | $7.2M | 50x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 1.0026 | −0.056% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0004 | −0.275% | $58K | $2K | 10x | as long as short |
| Deribit FIL_USDC-PERPETUAL | 0.0000% | 1h | 1.0035 | +0.030% | $173K | $23K | 25x | as long as short |
| Extended FIL-USD | +0.0032% | 1h | 1.0027 | −0.047% | $702K | $3.3M | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.764% | $2K | $240K | 12x | as long as short |
| Binance FILUSDT | +0.0035% | 8h | 1.0021 | −0.110% | $57.9M | $180.9M | 75x | as long as short |
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Deribit FIL_USDC-PERPETUAL
Extended FIL-USD
Injective FIL/USDC PERP
Binance FILUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC FIL_USDC | +0.0076% | 8h | 1.0026 | −0.060% | $246K | $104K | 50x | as long as short |
| Gate FIL_USDT | +0.0091% | 8h | 1.0026 | −0.060% | $8.4M | $16.2M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 1.0016 | −0.159% | $161K | $352K | 5x | as long as short |
| Hyperliquid FILshort | +0.0100% | 1h | 1.0018 | −0.135% | $8.6M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 1.0035 | +0.027% | $513K | $605K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 1.0021 | −0.110% | $15.9M | $19.0M | 25x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 1.0020 | −0.120% | $11.0M | $21.8M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 1.0021 | −0.110% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0007 | −0.250% | $451K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9972 | −0.599% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9985 | −0.464% | $294K | $865K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9970 | −0.618% | $30K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0035 | +0.034% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 1.0010 | −0.219% | $2K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 1.0028 | −0.040% | $492 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0030 | −0.020% | $650K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0030 | −0.020% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 1.0027 | −0.052% | $268K | — | 100x | as long as short |
MEXC FIL_USDC
Gate FIL_USDT
Lighter FIL
Aster FILUSDT
Bybit FILUSDT
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
GMX FIL/USD [WBTC.b-USDC]