Funding you earn now, next payment 22:00 UTC+0.0854%/8h= +93.5% APRpaid last 24h +0.083%
Price spread now: Hyperliquid against KuCoin+0.161%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as 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−0.105%−$11 · spread now +0.161%, 7d avg +0.091%
=Together, before fees+0.045%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Hyperliquid is 0.070% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.091%.
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 | KuCoin ICPUSDTM | 2.9750 | 0.0100 | pay 0.0100% / 8h | 2h 36m | $5.3M | $12.8M | 50x |
| Short | Hyperliquid ICP | 2.9798 | 0.0954 | get 0.0119% / 1h | 36m 13s | $4.8M | $4.9M | 5x |
KuCoin ICPUSDTM
Hyperliquid ICPFunding 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
- $179.32
- Price spread: +0.161% → +0.091%
- $7.03
- Slippage, 4 orders
- −$47.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $117.84
- Costs to cover
- 0.685%
- Break-even
- 2.4 days
Slippage from KuCoin: live order book, 2 min ago; Hyperliquid: live order book, 6 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, 2 min ago | 5.05 bp | 21.6 bp −$22 | 74.4 bp −$744 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.17 bp | 9.7 bp −$10 | doesn't fit | 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 | −0.336% | $1.7M | $782K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0288% | 1h | 2.9740 | −0.034% | $265 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0267% | 8h | 2.9715 | −0.117% | $1.1M | $119K | — | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.286% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0123% | 8h | 2.9720 | −0.101% | $1.9M | $2.7M | 50x | as long as short |
| Bybit ICPUSDT | −0.0029% | 8h | 2.9740 | −0.034% | $17.1M | $17.6M | 75x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9754 | +0.014% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9747 | −0.009% | $27K | — | 150x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9762 | +0.041% | $189K | $1.5M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9767 | +0.057% | $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 | 2.9730 | −0.066% | $28.9M | $48.6M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9720 | −0.101% | $5.8M | $15.6M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9730 | −0.067% | $19.5M | $8.4M | 50x | as long as short |
| KuCoin ICPUSDTMlong | +0.0100% | 8h | 2.9750 | long leg | $5.3M | $12.8M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9740 | −0.034% | $6.8M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9730 | −0.067% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9693 | −0.191% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9728 | −0.075% | $570K | $481K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9730 | −0.067% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9740 | −0.034% | $106K | $218K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9730 | −0.068% | $24K | $123K | 10x | as long as short |
| Lighter ICP | +0.0136% | 1h | 2.9771 | +0.071% | $166K | $442K | 5x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0148% | 1h | 2.9753 | +0.009% | $495K | $510K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9770 | +0.067% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9790 | +0.134% | $62K | $88K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9743 | −0.023% | $31K | — | 100x | as long as short |
| Hyperliquid ICPshort | +0.0954% | 1h | 2.9798 | +0.161% | $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]