Funding you earn now, next payment 00:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against KuCoin+0.228%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as 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−0.036%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Hyperliquid is 0.151% dearer against KuCoin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GMTUSDTM | 0.008330 | 0.0084 | pay 0.0042% / 4h | 30m 29s | $248K | $99K | 50x |
| Short | Hyperliquid GMT | 0.008349 | 0.0100 | get 0.0013% / 1h | 30m 29s | $123K | $123K | 3x |
KuCoin GMTUSDTM
Hyperliquid GMTFunding 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
- $3.36
- Price spread: +0.228% → +0.078%
- $15.05
- Slippage, 4 orders
- −$141.61
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$144.2
- Costs to cover
- 1.626%
- Break-even
- 307.4 days
Slippage from KuCoin: live order book, 30 min ago; Hyperliquid: live order book, 29 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 | 5.98 bp | 31.9 bp −$32 | 240.4 bp −$2,404 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 29 min ago | 1.79 bp | 50.0 bp −$50 | doesn't fit | 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 | 0.008346 | +0.193% | $46K | $11K | 20x | as long as short |
| KuCoin GMTUSDTMlong | +0.0084% | 4h | 0.008330 | long leg | $248K | $99K | 50x | |
| Hyperliquid GMTshort | +0.0100% | 1h | 0.008349 | +0.228% | $123K | $123K | 3x | |
| Aster GMTUSDT | +0.0100% | 4h | 0.008346 | +0.186% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008347 | +0.199% | $2.7M | $3.0M | 50x | as long as short |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008341 | +0.132% | $1.1M | $1.1M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008342 | +0.144% | $349K | $561K | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008350 | +0.240% | $146K | $105K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008346 | +0.192% | $421K | $183K | 20x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008343 | +0.156% | $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 | +0.031% | $3K | $5K | — | as long as short |
| BingX GMT-USDT | +0.0200% | 4h | 0.008341 | +0.132% | — | $1.2M | — | as long as short |
Variational Omni GMT
BingX GMT-USDT