Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.003%
Price spread now: KuCoin against Hyperliquid−0.228%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1631.626% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.228%, 7d avg −0.078%
=Together, before fees+0.035%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and KuCoin is 0.150% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.078%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GMT | 0.008349 | 0.0100 | pay 0.0013% / 1h | 29m 56s | $123K | $123K | 3x |
| Short | KuCoin GMTUSDTM | 0.008330 | 0.0084 | get 0.0042% / 4h | 29m 56s | $248K | $99K | 50x |
Hyperliquid GMT
KuCoin GMTUSDTMFunding 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
- −$3.36
- Price spread: −0.228% → −0.078%
- −$15
- Slippage, 4 orders
- −$141.61
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$180.97
- Costs to cover
- 1.626%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 29 min ago; KuCoin: live order book, 31 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, 29 min ago | 1.79 bp | 26.6 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 31 min ago | 5.98 bp | 54.2 bp −$54 | 248.0 bp −$2,480 | doesn't fit | doesn't fit |
GMT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSD | −0.1563% | 1h | 0.008347 | −0.028% | $46K | $11K | 20x | as long as short |
| KuCoin GMTUSDTMshort | +0.0084% | 4h | 0.008330 | −0.228% | $248K | $99K | 50x | |
| Hyperliquid GMTlong | +0.0100% | 1h | 0.008349 | long leg | $123K | $123K | 3x | |
| Aster GMTUSDT | +0.0100% | 4h | 0.008346 | −0.035% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008347 | −0.029% | $2.7M | $3.0M | 50x | as long as short |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008341 | −0.096% | $1.1M | $1.1M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008342 | −0.084% | $349K | $561K | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008350 | +0.012% | $146K | $105K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008344 | −0.060% | $420K | $183K | 20x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008343 | −0.072% | $672K | $398K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Aster GMTUSDT
Binance GMTUSDT
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Gate GMT_USDT
MEXC GMT_USDT
Bitget GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMT | +0.0100% | 8h | 0.008333 | −0.197% | $3K | $5K | — | as long as short |
| BingX GMT-USDT | +0.0200% | 4h | 0.008345 | −0.048% | — | $1.2M | — | as long as short |
Variational Omni GMT
BingX GMT-USDT