Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Hyperliquid−0.240%7-day average −0.031% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.240%, 7d avg −0.031%

Together, before fees−0.033%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.209% cheaper against Hyperliquid than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOVE	0.009162	0.0100	pay 0.0013% / 1h	40m 55s	$228K	$200K	3x
Short	KuCoin MOVEUSDTM	0.009140	0.0100	get 0.0050% / 4h	2h 40m	$1.1M	$27K	25x

Funding 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

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.240%Rate

Funding earned: $0
Price spread: −0.240% → −0.031%: −$20.87
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$41.87
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 28 min ago; KuCoin: live order book, 9 min ago. Net counts fees only.

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, 28 min ago	1.08 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	10.80 bp	390.7 bp −$391	doesn't fit	doesn't fit	doesn't fit

MOVE on 14 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
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−2.532%	$722	$21K	12x	as long as short
Hyperliquid MOVElong	+0.0100%	1h	0.009162	long leg	$228K	$200K	3x
Bybit MOVEUSDT	+0.0100%	4h	0.009145	−0.186%	$1.9M	$640K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009157	−0.055%	$971K	$934K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009140	−0.240%	$405K	$265K	25x	as long as short
KuCoin MOVEUSDTMshort	+0.0100%	4h	0.009140	−0.240%	$1.1M	$27K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009144	−0.196%	$812K	$400K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009174	+0.126%	$6K	$1K	—	as long as short
BloFin MOVE-USDT	+0.0141%	4h	0.009171	+0.098%	$119K	$10K	75x	as long as short
Extended MOVE-USD	+0.0176%	1h	0.009148	−0.156%	$10K	$163K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOVE_USDT	+0.0176%	4h	0.009153	−0.098%	$3.7M	$214K	20x	as long as short
Binance MOVEUSDT	+0.0176%	4h	0.009157	−0.055%	$2.0M	$4.3M	25x	as long as short
Aster MOVEUSDT	+0.0196%	4h	0.009115	−0.516%	$10K	$11K	5x	as long as short
BingX MOVE-USDT	+0.0294%	4h	0.009130	−0.349%	—	$6.5M	—	as long as short