Funding you earn now, next payment 06:00 UTC+0.0929%/8h= +101.7% APRpaid last 24h +0.143%
Price spread now: KuCoin against Hyperliquid−0.096%7-day average +0.271% · you buy dearer than you sell
Net, funding: paid 7d − costs−$998as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,124as in the Price arb table
costs, in and out, $10k−$1,08710.870% of the position
Funding, last 7 days+0.891%+$89 on $10k
+Price spread, last 4 days (all we have)+0.400%+$40 · spread now −0.096%, 7d avg +0.271%
=Together, before fees+1.290%+ Points / potential airdropHyperliquid: Season 2 · farm board+$129 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.368% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.271%). If the spread goes back, that is −$37 on $10k: about 32 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.891% in total) that is about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid IOTA | 0.04768 | 0.0100 | pay 0.0013% / 1h | 18m 33s | $895K | $330K | 3x |
| Short | KuCoin IOTAUSDTM | 0.04763 | 0.1029 | get 0.1029% / 8h | 2h 18m | $2.7M | $235K | 30x |
Hyperliquid IOTA
KuCoin IOTAUSDTMFunding 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
- $195.09
- Price spread: −0.096% → +0.271%
- −$36.78
- Slippage, 4 orders
- −$1,065.98
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$928.67
- Costs to cover
- 10.870%
- Break-even
- 40.3 days
Slippage from Hyperliquid: live order book, 62 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, 62 min ago | 1.56 bp | 32.6 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 44.20 bp | 366.4 bp −$366 | doesn't fit | doesn't fit | doesn't fit |
IOTA on 12 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_IOTAUSD | +0.0084% | 1h | 0.04762 | −0.108% | $19K | $13K | 10x | as long as short |
| Hyperliquid IOTAlong | +0.0100% | 1h | 0.04768 | long leg | $895K | $330K | 3x | |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04766 | −0.034% | $3.4M | $5.9M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04764 | −0.076% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04766 | −0.034% | $554K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04762 | −0.117% | $821K | $260K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04766 | −0.034% | $575K | $174K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04762 | −0.117% | $1.8M | $724K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04762 | −0.117% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04736 | −0.670% | $49K | $31K | — | as long as short |
Kraken Futures PF_IOTAUSD
Binance IOTAUSDT
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDT | +0.0119% | 8h | 0.04760 | −0.159% | $165K | $43K | 75x | as long as short |
| KuCoin IOTAUSDTMshort | +0.1029% | 8h | 0.04763 | −0.096% | $2.7M | $235K | 30x |
BloFin IOTA-USDT