Funding arb · Price arb / Crypto
LAYER
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| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.06459 | +0.0100 | pay 0.0013% / 1h | 59m 16s | $392K | $66K | 3x | Long Hyperliquid4% off | |
| SHORT | 0.06478 | +0.0100 | get 0.0050% / 4h | 3h 59m | $114K | $19K | 30x | Short KuCoin |
Price gap+0.300%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$22 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$30.0000% /8h now · paid +0.031% over the last 7D
Price+$22spread +0.300% now, avg +0.079% → +0.221% if it goes back
Costs−$8818.810% of $10k · taker + slippage, in and out
Result−$856−8.56%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.300%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hLAYER on 14 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size29.1 / 369.4 bpAt $10k entering KuCoin costs 369.4 bp, fee and slippage, 12.7× Hyperliquid’s.
- Note: Margin at max leverage$3,333 + $333Hyperliquid 3x, KuCoin 30x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Hyperliquid: 24 payments, −$3.00; short KuCoin: 6 payments, +$3.00.
- OK: Entry gap works for you+0.300% vs +0.079%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$114K vs $392K OIKuCoin sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- Watch: KYCHyperliquid No · KuCoin YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0015%/8h × 21 periods+$3.10
Price spread+0.300% → +0.079% (7d avg)+$22.10
Slippage, 4 orderslive order books−$860.01
Fee Hyperliquid bp × 2 orders−$9.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$855.81
Costs to cover8.810%Break-even1941.1 days
Slippage: Hyperliquid: live order book, 54 min ago; KuCoin: live order book, 48 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid2.1829.1 bp−$29doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKuCoin16.33369.4 bp−$369doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.