Funding you earn now, next payment 05:00 UTC−0.0432%/8h= −47.3% APRpaid last 24h −0.053%
Price spread now: Binance against Hyperliquid−0.197%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as 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+0.141%+$14 · spread now −0.197%, 7d avg −0.118%
=Together, before fees+0.086%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Binance is 0.079% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.118%). Swap the legs.
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 | Hyperliquid KAS | 0.04321 | 0.0532 | pay 0.0067% / 1h | 34m 03s | $2.8M | $1.1M | 3x |
| Short | Binance KASUSDT | 0.04312 | 0.0100 | get 0.0050% / 4h | 3h 34m | $4.2M | $12.7M | 75x |
Hyperliquid KAS
Binance KASUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$90.79
- Price spread: −0.197% → −0.118%
- −$7.92
- Slippage, 4 orders
- −$55.64
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$173.34
- Costs to cover
- 0.746%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Binance: live order book, 6 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, 7 min ago | 2.20 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 2.32 bp | 17.9 bp −$18 | 64.2 bp −$642 | 551.5 bp −$55.1K | 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 | 0.04309 | −0.273% | $4K | — | 150x | as long as short |
| Injective KAS/USDC PERP | +0.0033% | 1h | 0.04361 | +0.937% | $45 | $154K | 5.5x | as long as short |
| Aster KASUSDT | +0.0100% | 4h | 0.04316 | −0.106% | $254K | $167K | 20x | as long as short |
| Binance KASUSDTshort | +0.0100% | 4h | 0.04312 | −0.197% | $4.2M | $12.7M | 75x | |
| Bybit KASUSDT | +0.0100% | 4h | 0.04308 | −0.289% | $10.8M | $7.7M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04309 | −0.266% | $2.1M | $1.8M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04312 | −0.197% | $28.9M | $4.9M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04315 | −0.123% | $4.3M | $7.3M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04310 | −0.243% | $11.8M | $3.1M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04310 | −0.243% | — | $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 | −0.191% | $23K | $24K | — | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0283% / S −0.1996% | 1h | 0.04309 | −0.264% | $11K | — | 100x | as long as short |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04314 | −0.150% | $380K | $295K | 75x | as long as short |
| Hyperliquid KASlong | +0.0532% | 1h | 0.04321 | long leg | $2.8M | $1.1M | 3x | |
| Kraken Futures PF_KASUSD | +0.0592% | 1h | 0.04315 | −0.131% | $309K | $503K | 20x | as long as short |
Variational Omni KAS
GMX KAS/USD [WBTC.b-USDC]
BloFin KAS-USDT
Kraken Futures PF_KASUSD