Funding arb · Price arb /

HYPER

all HYPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h +0.001%

Price spread now: Hyperliquid against KuCoin+0.214%7-day average +0.048% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.290%+$29 on $10k

Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.214%, 7d avg +0.048%

Together, before fees+0.205%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.165% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HYPERUSDTM	0.07399	−0.0172	get 0.0086% / 4h	1h 57m	$131K	$93K	30x
Short	Hyperliquid HYPER	0.07415	0.0100	get 0.0013% / 1h	57m 43s	$72K	$121K	3x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.214%Rate

Funding earned: $57.12
Price spread: +0.214% → +0.048%: $16.52
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $52.64
Costs to cover: 0.210%
Break-even: 0.5 days

Slippage unknown: KuCoin: live order book, 6 min ago; Hyperliquid: live order book, 11 min ago. Net counts fees only.

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, 6 min ago	14.87 bp	253.8 bp −$254	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.55 bp	19.2 bp −$19	doesn't fit	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	−0.0174%	4h	0.07420	+0.284%	$90K	$46K	50x	as long as short
KuCoin HYPERUSDTMlong	−0.0172%	4h	0.07399	long leg	$131K	$93K	30x
Hyperliquid HYPERshort	+0.0100%	1h	0.07415	+0.214%	$72K	$121K	3x
Aster HYPERUSDT	+0.0100%	4h	0.07421	+0.301%	$20K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07416	+0.230%	$2.0M	$2.1M	50x	as long as short
Bybit HYPERUSDT	+0.0100%	4h	0.07418	+0.257%	$1.1M	$704K	25x	as long as short
MEXC HYPER_USDT	+0.0100%	4h	0.07416	+0.230%	$258K	$128K	20x	as long as short
Bitget HYPERUSDT	+0.0100%	4h	0.07415	+0.216%	$310K	$262K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07410	+0.151%	$7K	$1K	—	as long as short
BloFin HYPER-USDT	+0.0129%	4h	0.07418	+0.257%	$190K	$23K	50x	as long as short