Funding you earn now, next payment 00:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.49 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against KuCoin+0.040%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,123as in the Price arb table
costs, in and out, $10k−$1,12211.221% of the position
Funding, last 7 days+0.213%+$21 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now +0.040%, 7d avg +0.053%
=The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HYPERUSDTM | 0.07442 | 0.0002 | pay 0.0001% / 4h | 2h 13m | $132K | $93K | 30x |
| Short | Bybit HYPERUSDT | 0.07445 | 0.0100 | get 0.0050% / 4h | 2h 13m | $1.2M | $707K | 25x |
KuCoin HYPERUSDTM
Bybit HYPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $20.58
- Price spread: +0.040% → +0.053%
- −$1.26
- Slippage, 4 orders
- −$1,099.08
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,102.76
- Costs to cover
- 11.221%
- Break-even
- 382.1 days
Slippage from KuCoin: live order book, 64 min ago; Bybit: live order book, 2 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, 64 min ago | 22.17 bp | 820.7 bp −$821 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.70 bp | 29.1 bp −$29 | 192.4 bp −$1,924 | doesn't fit | doesn't fit |
HYPER on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPER_USDT | −0.0050% | 4h | 0.07440 | −0.027% | $90K | $46K | 50x | as long as short |
| KuCoin HYPERUSDTMlong | +0.0002% | 4h | 0.07442 | long leg | $132K | $93K | 30x | |
| Hyperliquid HYPER | +0.0100% | 1h | 0.07445 | +0.047% | $72K | $121K | 3x | as long as short |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07448 | +0.087% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07441 | −0.017% | $2.0M | $2.1M | 50x | as long as short |
| Bybit HYPERUSDTshort | +0.0100% | 4h | 0.07445 | +0.040% | $1.2M | $707K | 25x | |
| MEXC HYPER_USDT | +0.0100% | 4h | 0.07441 | −0.013% | $258K | $131K | 20x | as long as short |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07439 | −0.040% | $311K | $262K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07443 | +0.009% | $7K | $1K | — | as long as short |
| BloFin HYPER-USDT | +0.0136% | 4h | 0.07454 | +0.161% | $189K | $23K | 50x | as long as short |
Gate HYPER_USDT
Hyperliquid HYPER
Aster HYPERUSDT
Binance HYPERUSDT
MEXC HYPER_USDT
Bitget HYPERUSDT
Variational Omni HYPER
BloFin HYPER-USDT