Funding you earn now, next payment 22:00 UTC−0.0853%/8h= −93.4% APRpaid last 24h −0.083%
Price spread now: KuCoin against Hyperliquid−0.158%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$690.685% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 7 days+0.102%+$10 · spread now −0.158%, 7d avg −0.091%
=Together, before fees−0.049%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and KuCoin is 0.067% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.150% in total (about -7.8% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ICP | 2.9797 | 0.0953 | pay 0.0119% / 1h | 35m 57s | $4.8M | $4.9M | 5x |
| Short | KuCoin ICPUSDTM | 2.9750 | 0.0100 | get 0.0100% / 8h | 2h 35m | $5.3M | $12.8M | 50x |
Hyperliquid ICP
KuCoin ICPUSDTMFunding 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
- −$179.14
- Price spread: −0.158% → −0.091%
- −$6.67
- Slippage, 4 orders
- −$47.5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$254.31
- Costs to cover
- 0.685%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; KuCoin: live order book, 3 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, 6 min ago | 1.17 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 5.05 bp | 27.4 bp −$27 | 87.1 bp −$871 | doesn't fit | doesn't fit |
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1296% | 8h | 2.9650 | −0.493% | $1.7M | $782K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0288% | 1h | 2.9740 | −0.191% | $265 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0267% | 8h | 2.9715 | −0.275% | $1.1M | $119K | — | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.443% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0123% | 8h | 2.9720 | −0.258% | $1.9M | $2.7M | 50x | as long as short |
| Bybit ICPUSDT | −0.0029% | 8h | 2.9740 | −0.191% | $17.1M | $17.6M | 75x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9754 | −0.144% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9747 | −0.167% | $27K | — | 150x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9758 | −0.132% | $187K | $1.5M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9767 | −0.100% | $135K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
Bybit ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9732 | −0.219% | $28.9M | $48.6M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9740 | −0.191% | $5.8M | $15.6M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9740 | −0.191% | $19.5M | $8.4M | 50x | as long as short |
| KuCoin ICPUSDTMshort | +0.0100% | 8h | 2.9750 | −0.158% | $5.3M | $12.8M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9740 | −0.191% | $6.8M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9730 | −0.225% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9693 | −0.348% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9728 | −0.233% | $570K | $481K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9730 | −0.225% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9740 | −0.191% | $106K | $218K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9729 | −0.230% | $24K | $123K | 10x | as long as short |
| Lighter ICP | +0.0136% | 1h | 2.9771 | −0.087% | $166K | $442K | 5x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0148% | 1h | 2.9753 | −0.149% | $495K | $510K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9770 | −0.091% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9790 | −0.023% | $62K | $88K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9743 | −0.181% | $31K | — | 100x | as long as short |
| Hyperliquid ICPlong | +0.0953% | 1h | 2.9797 | long leg | $4.8M | $4.9M | 5x |
Binance ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Lighter ICP
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]