Funding you earn now, next payment 00:00 UTC−0.0968%/8h= −106.0% APRpaid last 24h −0.021%
Price spread now: KuCoin against Hyperliquid−0.180%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1141.139% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 7 days+0.168%+$17 · spread now −0.180%, 7d avg −0.099%
=Together, before fees+0.131%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and KuCoin is 0.081% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.099%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -1.9% 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 | 0.04334 | 0.1068 | pay 0.0134% / 1h | 30m 08s | $2.8M | $983K | 3x |
| Short | KuCoin KASUSDTM | 0.04326 | 0.0100 | get 0.0050% / 4h | 30m 08s | $4.2M | $6.8M | 50x |
Hyperliquid KAS
KuCoin KASUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$203.34
- Price spread: −0.180% → −0.099%
- −$8.13
- Slippage, 4 orders
- −$92.9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$325.37
- Costs to cover
- 1.139%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 1 min ago; KuCoin: live order book, 3 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, 1 min ago | 0.69 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.12 bp | 27.1 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 | 0.04321 | −0.298% | $11K | — | 150x | as long as short |
| Injective KAS/USDC PERP | +0.0033% | 1h | 0.04361 | +0.625% | $45 | $154K | 5.5x | as long as short |
| Aster KASUSDT | +0.0100% | 4h | 0.04323 | −0.252% | $255K | $168K | 20x | as long as short |
| Binance KASUSDT | +0.0100% | 4h | 0.04327 | −0.161% | $4.0M | $11.2M | 75x | as long as short |
| Bybit KASUSDT | +0.0100% | 4h | 0.04322 | −0.275% | $10.7M | $7.1M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04321 | −0.298% | $2.1M | $1.7M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04325 | −0.205% | $28.1M | $4.5M | 200x | as long as short |
| KuCoin KASUSDTMshort | +0.0100% | 4h | 0.04326 | −0.180% | $4.2M | $6.8M | 50x | |
| Bitget KASUSDT | +0.0100% | 4h | 0.04322 | −0.275% | $11.9M | $2.9M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04322 | −0.275% | — | $69.5M | — | as long as short |
gTrade (Gains Network) KAS/USD
Injective KAS/USDC PERP
Aster KASUSDT
Binance KASUSDT
Bybit KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
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 | 0.04318 | −0.378% | $25K | $21K | — | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0247% / S −0.4467% | 1h | 0.04321 | −0.309% | $12K | — | 100x | as long as short |
| Kraken Futures PF_KASUSD | +0.0316% | 1h | 0.04323 | −0.253% | $298K | $456K | 20x | as long as short |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04325 | −0.205% | $377K | $203K | 75x | as long as short |
| Hyperliquid KASlong | +0.1068% | 1h | 0.04334 | long leg | $2.8M | $983K | 3x |
Variational Omni KAS
GMX KAS/USD [WBTC.b-USDC]
Kraken Futures PF_KASUSD
BloFin KAS-USDT