Funding you earn now, next payment 23:00 UTC+0.0605%/8h= +66.2% APRpaid last 24h +0.008%
Price spread now: Hyperliquid against BingX+0.222%7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$820.822% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days−0.080%−$8 · spread now +0.222%, 7d avg +0.154%
=Together, before fees−0.069%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.068% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.154%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.5% 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 | BingX KAS-USDT | 0.04378 | 0.0100 | pay 0.0050% / 4h | 1h 57m | — | $69.3M | — |
| Short | Hyperliquid KAS | 0.04388 | 0.0705 | get 0.0088% / 1h | 57m 11s | $2.9M | $928K | 3x |
BingX KAS-USDT
Hyperliquid KASFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $126.99
- Price spread: +0.222% → +0.154%
- $6.79
- Slippage, 4 orders
- −$63.16
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $51.62
- Costs to cover
- 0.822%
- Break-even
- 4.2 days
Slippage from BingX: live order book, 12 min ago; Hyperliquid: live order book, 4 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 BingX live order book, 12 min ago | 4.59 bp | 22.1 bp −$22 | 52.5 bp −$525 | 371.0 bp −$37.1K | 476.8 bp −$238.4K |
| Sell Hyperliquid live order book, 4 min ago | 4.57 bp | 26.9 bp −$27 | 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 −0.0017% | 1h | 0.04373 | −0.106% | $11K | — | 150x | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0055% / S −0.0177% | 1h | 0.04372 | −0.135% | $4K | — | 100x | as long as short |
| Kraken Futures PF_KASUSD | +0.0089% | 1h | 0.04376 | −0.052% | $293K | $439K | 20x | as long as short |
| Aster KASUSDT | +0.0100% | 4h | 0.04371 | −0.162% | $256K | $199K | 20x | as long as short |
| Binance KASUSDT | +0.0100% | 4h | 0.04382 | +0.091% | $4.1M | $11.2M | 75x | as long as short |
| Bybit KASUSDT | +0.0100% | 4h | 0.04375 | −0.069% | $10.8M | $7.2M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04371 | −0.160% | $2.2M | $1.6M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04379 | +0.023% | $28.1M | $4.4M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04378 | +0.009% | $4.2M | $6.8M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04375 | −0.069% | $12.0M | $3.0M | 50x | as long as short |
gTrade (Gains Network) KAS/USD
GMX KAS/USD [WBTC.b-USDC]
Kraken Futures PF_KASUSD
Aster KASUSDT
Binance KASUSDT
Bybit KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KAS-USDTlong | +0.0100% | 4h | 0.04378 | long leg | — | $69.3M | — | |
| Variational Omni KAS | +0.0100% | 4h | 0.04357 | −0.473% | $26K | $21K | — | as long as short |
| Injective KAS/USDC PERP | +0.0329% | 1h | 0.04361 | −0.388% | $45 | $154K | 5.5x | as long as short |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04372 | −0.137% | $387K | $202K | 75x | as long as short |
| Hyperliquid KASshort | +0.0705% | 1h | 0.04388 | +0.222% | $2.9M | $928K | 3x |
Variational Omni KAS
Injective KAS/USDC PERP
BloFin KAS-USDT