Funding you earn now, next payment 00:00 UTC−0.1453%/8h= −159.1% APRpaid last 24h −0.321%
Price spread now: KuCoin against Hyperliquid−0.281%7-day average −0.213% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.486%−$49 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.281%, 7d avg −0.213%
=Together, before fees−0.356%+ Points / potential airdropHyperliquid: Season 2 · farm board−$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and KuCoin is 0.068% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.213%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.486% in total (about -25.4% 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 NIL | 0.06831 | 0.1553 | pay 0.0194% / 1h | 33m 51s | $4.0M | $4.6M | 3x |
| Short | KuCoin NILUSDTM | 0.06812 | 0.0100 | get 0.0050% / 4h | 33m 51s | $510K | $692K | 30x |
Hyperliquid NIL
KuCoin NILUSDTMFunding 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
- −$305.15
- Price spread: −0.281% → −0.213%
- −$6.8
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$332.95
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; KuCoin: live order book, 30 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, 8 min ago | 2.27 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 30 min ago | 11.57 bp | 53.5 bp −$54 | 505.1 bp −$5,051 | doesn't fit | doesn't fit |
NIL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0050% | 4h | 0.06791 | −0.588% | $350K | $145K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06805 | −0.387% | $20K | $361K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06807 | −0.352% | $5.3M | $80.0M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06819 | −0.179% | $3.8M | $14.2M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06811 | −0.296% | $440K | $2.0M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06805 | −0.384% | $2.4M | $5.0M | 100x | as long as short |
| KuCoin NILUSDTMshort | +0.0100% | 4h | 0.06812 | −0.281% | $510K | $692K | 30x | |
| Bitget NILUSDT | +0.0100% | 4h | 0.06817 | −0.208% | $1.8M | $8.7M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06809 | −0.325% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06805 | −0.380% | $175K | $266K | — | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NILShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended NIL-USD | +0.0104% | 1h | 0.06803 | −0.406% | $16K | $94K | 5x | as long as short |
| Hyperliquid NILlong | +0.1553% | 1h | 0.06831 | long leg | $4.0M | $4.6M | 3x |
Extended NIL-USD