Funding you earn now, next payment 05:00 UTC+0.0411%/8h= +45.0% APRpaid last 24h +0.053%
Price spread now: Hyperliquid against Binance+0.162%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$750.746% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 7 days−0.106%−$11 · spread now +0.162%, 7d avg +0.118%
=Together, before fees−0.051%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.044% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.118%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% 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 | Binance KASUSDT | 0.04318 | 0.0100 | pay 0.0050% / 4h | 3h 36m | $4.2M | $12.6M | 75x |
| Short | Hyperliquid KAS | 0.04325 | 0.0511 | get 0.0064% / 1h | 36m 18s | $2.8M | $1.1M | 3x |
Binance KASUSDT
Hyperliquid KASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $86.33
- Price spread: +0.162% → +0.118%
- $4.44
- Slippage, 4 orders
- −$55.64
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $16.13
- Costs to cover
- 0.746%
- Break-even
- 5.7 days
Slippage from Binance: live order book, 4 min ago; Hyperliquid: live order book, 5 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 Binance live order book, 4 min ago | 2.32 bp | 17.5 bp −$18 | 68.8 bp −$688 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 2.20 bp | 19.9 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
KAS on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) KAS/USD | L +0.0010% / S −0.0001% | 1h | 0.04312 | −0.143% | $4K | — | 150x | as long as short |
| Injective KAS/USDC PERP | +0.0033% | 1h | 0.04361 | +0.996% | $45 | $154K | 5.5x | as long as short |
| Aster KASUSDT | +0.0100% | 4h | 0.04326 | +0.179% | $254K | $167K | 20x | as long as short |
| Binance KASUSDTlong | +0.0100% | 4h | 0.04318 | long leg | $4.2M | $12.6M | 75x | |
| Bybit KASUSDT | +0.0100% | 4h | 0.04314 | −0.093% | $10.8M | $7.7M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04316 | −0.046% | $2.1M | $1.8M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04319 | +0.023% | $29.0M | $4.9M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04317 | −0.025% | $4.3M | $7.3M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04317 | −0.023% | $11.8M | $3.1M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04317 | −0.023% | — | $67.7M | — | as long as short |
gTrade (Gains Network) KAS/USD
Injective KAS/USDC PERP
Aster KASUSDT
Bybit KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDT
BingX KAS-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KAS | +0.0100% | 4h | 0.04312 | −0.133% | $23K | $24K | — | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0283% / S −0.1996% | 1h | 0.04313 | −0.125% | $11K | — | 100x | as long as short |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04322 | +0.093% | $381K | $295K | 75x | as long as short |
| Hyperliquid KASshort | +0.0511% | 1h | 0.04325 | +0.162% | $2.8M | $1.1M | 3x | |
| Kraken Futures PF_KASUSD | +0.0592% | 1h | 0.04317 | −0.024% | $309K | $503K | 20x | as long as short |
Variational Omni KAS
GMX KAS/USD [WBTC.b-USDC]
BloFin KAS-USDT
Kraken Futures PF_KASUSD