Funding you earn now, next payment 03:00 UTC−0.0361%/8h= −39.6% APRpaid last 24h −0.041%
Price spread now: BingX against Hyperliquid−0.303%7-day average −0.156% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$890.894% of the position
Funding, last 7 days−0.043%−$4 on $10k
+Price spread, last 7 days+0.253%+$25 · spread now −0.303%, 7d avg −0.156%
=Together, before fees+0.210%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BingX is 0.147% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.156%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.2% 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 | 0.04357 | 0.0461 | pay 0.0058% / 1h | 18m 37s | $2.8M | $1.1M | 3x |
| Short | BingX KAS-USDT | 0.04344 | 0.0100 | get 0.0050% / 4h | 1h 18m | — | $67.8M | — |
Hyperliquid KAS
BingX KAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$75.87
- Price spread: −0.303% → −0.156%
- −$14.74
- Slippage, 4 orders
- −$70.43
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$180.04
- Costs to cover
- 0.894%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; BingX: live order book, 10 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, 3 min ago | 3.89 bp | 26.6 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 4.61 bp | 21.5 bp −$21 | 51.1 bp −$511 | 308.3 bp −$30.8K | 490.7 bp −$245.3K |
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 | 0.04348 | −0.211% | $4K | — | 150x | as long as short |
| Injective KAS/USDC PERP | +0.0033% | 1h | 0.04361 | +0.087% | $45 | $154K | 5.5x | as long as short |
| Binance KASUSDT | +0.0100% | 4h | 0.04349 | −0.188% | $4.2M | $12.5M | 75x | as long as short |
| Bybit KASUSDT | +0.0100% | 4h | 0.04343 | −0.326% | $10.8M | $7.6M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04347 | −0.234% | $2.2M | $1.8M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04346 | −0.257% | $29.0M | $4.7M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04347 | −0.239% | $4.2M | $7.1M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04345 | −0.280% | $11.9M | $3.1M | 50x | as long as short |
| BingX KAS-USDTshort | +0.0100% | 4h | 0.04344 | −0.303% | — | $67.8M | — | |
| Variational Omni KAS | +0.0100% | 4h | 0.04351 | −0.149% | $26K | $20K | — | as long as short |
gTrade (Gains Network) KAS/USD
Injective KAS/USDC PERP
Binance KASUSDT
Bybit KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDT
Variational Omni KASShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KASUSDT | +0.0112% | 4h | 0.04348 | −0.221% | $255K | $167K | 20x | as long as short |
| Kraken Futures PF_KASUSD | +0.0114% | 1h | 0.04354 | −0.070% | $310K | $498K | 20x | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0291% / S −0.5848% | 1h | 0.04348 | −0.204% | $12K | — | 100x | as long as short |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04350 | −0.165% | $383K | $281K | 75x | as long as short |
| Hyperliquid KASlong | +0.0461% | 1h | 0.04357 | long leg | $2.8M | $1.1M | 3x |
Aster KASUSDT
Kraken Futures PF_KASUSD
GMX KAS/USD [WBTC.b-USDC]
BloFin KAS-USDT