Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.00004085 | +0.0100 | pay 0.0013% / 1h | 0m 30s | $232K | $83K | 3x | Long Hyperliquid4% off | |
| SHORT | 0.00004084 | −0.0512 | pay 0.0512% / 8h | 4h 00m | $913K | $293K | 50x | Short KuCoin |
Price gap−0.022%
Funding gap−0.0612% /8h
The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $18 a day and eats that in about 3 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$71−0.0612% /8h now · paid −0.707% over the last 7D
Price+$3spread −0.022% now, avg −0.048% → +0.026% if it goes back
Costs−$1181.176% of $10k · taker + slippage, in and out
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−0.022%
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
/8hLUNC on 11 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size20.5 / 44.5 bpAt $10k entering KuCoin costs 44.5 bp, fee and slippage, 2.2× Hyperliquid’s.
- Note: Margin at max leverage$3,333 + $200Hyperliquid 3x, KuCoin 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$18.36Long Hyperliquid: 24 payments, −$3.00; short KuCoin: 3 payments, −$15.36.
- OK: Entry gap works for you−0.022% vs −0.048%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$232K vs $913K OIHyperliquid 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−0.0337%/8h × 21 periods−$70.67
Price spread−0.022% → −0.048% (7d avg)+$2.61
Slippage, 4 orderslive order books−$96.62
Fee Hyperliquid bp × 2 orders−$9.00
Fee KuCoin bp × 2 orders−$12.00
Net · 7 days · $10k−$185.68
Costs to cover1.176%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 22 min ago; KuCoin: live order book, 11 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid3.5620.5 bp−$20doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTKuCoin11.3944.5 bp−$45148.0 bp−$1,480doesn’t fitdoesn’t fit
Closing costs about the same again.
Injective