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Funding arb · Price arb /

HEMI

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0985%/8h= −107.9% APRpaid last 24h −0.011%
Price spread now: KuCoin against Hyperliquid−0.046%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$451as in the Funding arb table
Net, price: spread back to 7d avg − costs−$416as in the Price arb table
costs, in and out, $10k−$4174.172% of the position
Long on HyperliquidShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.334%−$33 on $10k
Price spread, last 7 days−0.069%−$7 · spread now −0.046%, 7d avg −0.062%
Together, before fees−0.403%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.062%, so right now this pair is about funding alone: −$30 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.334% in total (about -17.4% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid HEMI0.0065570.1085pay 0.0136% / 1h2m 17s$1.1M$342K3x
ShortKuCoin HEMIUSDTM0.0065540.0100get 0.0050% / 4h2m 17s$845K$1.7M20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$206.89
Price spread: −0.046% → −0.062%
$1.67
Slippage, 4 orders
−$396.22
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$622.43
Costs to cover
4.172%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 8 min ago0.76 bp17.7 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago15.99 bp201.7 bp −$202doesn't fitdoesn't fitdoesn't fit

HEMI on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HEMIUSDT+0.0100%4h0.006548−0.130%$75K$48K5xas long as short
Bybit HEMIUSDT+0.0100%4h0.006545−0.183%$1.7M$1.5M25xas long as short
KuCoin HEMIUSDTMshort+0.0100%4h0.006554−0.046%$845K$1.7M20x
Variational Omni HEMI+0.0100%4h0.006564+0.112%$23K$3K—as long as short
SunX HEMI-USDT+0.0100%4h0.006701+2.196%$2K$1.2M20xas long as short
Extended HEMI-USD+0.0168%1h0.006548−0.136%$17K—5xas long as short
MEXC HEMI_USDT+0.0170%4h0.006548−0.137%$1.7M$290K50xas long as short
Binance HEMIUSDT+0.0171%4h0.006550−0.107%$6.6M$10.6M20xas long as short
BingX HEMI-USDT+0.0180%4h0.006548−0.137%—$1.4M—as long as short
BloFin HEMI-USDT+0.0202%4h0.006556−0.015%$366K$52K20xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HEMI_USDT+0.0240%4h0.006552−0.076%$513K$286K20xas long as short
Hyperliquid HEMIlong+0.1085%1h0.006557long leg$1.1M$342K3x