Funding you earn now, next payment 06:00 UTC−0.0925%/8h= −101.3% APRpaid last 24h −0.143%
Price spread now: Hyperliquid against KuCoin+0.137%7-day average −0.271% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,046as 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)−0.440%−$44 · spread now +0.137%, 7d avg −0.271%
=Together, before fees−1.331%+ Points / potential airdropHyperliquid: Season 2 · farm board−$133 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.408% dearer against KuCoin than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of −0.271%): +$41 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.891% in total) that is about 3.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin IOTAUSDTM | 0.04749 | 0.1025 | pay 0.1025% / 8h | 2h 20m | $2.7M | $235K | 30x |
| Short | Hyperliquid IOTA | 0.04756 | 0.0100 | get 0.0013% / 1h | 20m 26s | $893K | $330K | 3x |
KuCoin IOTAUSDTM
Hyperliquid IOTAFunding 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
- −$194.25
- Price spread: +0.137% → −0.271%
- $40.82
- Slippage, 4 orders
- −$1,065.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$1,240.42
- Costs to cover
- 10.870%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Hyperliquid: live order book, 60 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 | 44.20 bp | 636.2 bp −$636 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 60 min ago | 1.56 bp | 51.8 bp −$52 | 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 | +0.0085% | 1h | 0.04739 | −0.207% | $19K | $13K | 10x | as long as short |
| Hyperliquid IOTAshort | +0.0100% | 1h | 0.04756 | +0.137% | $893K | $330K | 3x | |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04756 | +0.144% | $3.4M | $5.9M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04749 | 0.000% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04752 | +0.063% | $553K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04744 | −0.105% | $818K | $260K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04755 | +0.126% | $574K | $174K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04754 | +0.105% | $1.8M | $724K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04749 | 0.000% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04736 | −0.281% | $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 | +0.0104% | 8h | 0.04745 | −0.084% | $166K | $43K | 75x | as long as short |
| KuCoin IOTAUSDTMlong | +0.1025% | 8h | 0.04749 | long leg | $2.7M | $235K | 30x |
BloFin IOTA-USDT