Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid−0.140%7-day average −0.046% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.140%, 7d avg −0.046%
=Together, before fees+0.078%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.094% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INIT | 0.08286 | 0.0100 | pay 0.0013% / 1h | 51m 10s | $300K | $232K | 3x |
| Short | KuCoin INITUSDTM | 0.08274 | 0.0100 | get 0.0050% / 4h | 2h 51m | $329K | $54K | 25x |
Hyperliquid INIT
KuCoin INITUSDTMFunding 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
- $0
- Price spread: −0.140% → −0.046%
- −$9.39
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$30.39
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 58 min ago; KuCoin: live order book, 60 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 Hyperliquid live order book, 58 min ago | 6.83 bp | 36.2 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 60 min ago | 28.42 bp | 259.5 bp −$259 | doesn't fit | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | +0.0034% | 1h | 0.08283 | −0.034% | $5K | $17K | 10x | as long as short |
| Hyperliquid INITlong | +0.0100% | 1h | 0.08286 | long leg | $300K | $232K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08291 | +0.065% | $27K | $37K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08286 | +0.004% | $3.4M | $3.7M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08274 | −0.140% | $1.4M | $1.5M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08284 | −0.019% | $136K | $649K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08274 | −0.140% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08286 | +0.005% | $450K | $210K | 20x | as long as short |
| KuCoin INITUSDTMshort | +0.0100% | 4h | 0.08274 | −0.140% | $329K | $54K | 25x | |
| Bitget INITUSDT | +0.0100% | 4h | 0.08284 | −0.019% | $430K | $303K | 25x | as long as short |
Kraken Futures PF_INITUSD
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08282 | −0.043% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08274 | −0.137% | $26K | $23K | — | as long as short |
| BloFin INIT-USDT | +0.0114% | 4h | 0.08290 | +0.053% | $155K | $112K | 25x | as long as short |
BingX INIT-USDT
Variational Omni INIT
BloFin INIT-USDT