Funding you earn now, next payment 00:00 UTC+0.1441%/8h= +157.8% APRpaid last 24h +0.321%
Price spread now: Hyperliquid against KuCoin+0.138%7-day average +0.213% · you sell dearer than you buy
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)+0.013%+$1 · spread now +0.138%, 7d avg +0.213%
=Together, before fees+0.499%+ Points / potential airdropHyperliquid: Season 2 · farm board+$50 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.075% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.138% now, against its 7-day average of +0.213%). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$43 a day). At the pace of the last 7 days (+0.486% in total) that is about 26 hours.
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 | KuCoin NILUSDTM | 0.06807 | 0.0100 | pay 0.0050% / 4h | 34m 08s | $509K | $692K | 30x |
| Short | Hyperliquid NIL | 0.06816 | 0.1541 | get 0.0193% / 1h | 34m 08s | $4.0M | $4.6M | 3x |
KuCoin NILUSDTM
Hyperliquid NILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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
- $302.63
- Price spread: +0.138% → +0.213%
- −$7.5
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $274.13
- Costs to cover
- 0.210%
- Break-even
- 0.7 days
Slippage unknown: KuCoin: live order book, 30 min ago; Hyperliquid: live order book, 8 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 KuCoin live order book, 30 min ago | 11.57 bp | 41.4 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 2.27 bp | 16.5 bp −$16 | doesn't fit | 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 | −0.235% | $350K | $145K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.06802 | −0.074% | $20K | $361K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06805 | −0.033% | $5.3M | $80.0M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06816 | +0.132% | $3.8M | $14.2M | 20x | as long as short |
| Gate NIL_USDT | +0.0100% | 4h | 0.06808 | +0.015% | $440K | $2.0M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06803 | −0.059% | $2.4M | $5.0M | 100x | as long as short |
| KuCoin NILUSDTMlong | +0.0100% | 4h | 0.06807 | long leg | $509K | $692K | 30x | |
| Bitget NILUSDT | +0.0100% | 4h | 0.06813 | +0.088% | $1.8M | $8.7M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06809 | +0.029% | — | $8.6M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06805 | −0.026% | $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 | 0.06801 | −0.093% | $16K | $94K | 5x | as long as short |
| Hyperliquid NILshort | +0.1541% | 1h | 0.06816 | +0.138% | $4.0M | $4.6M | 3x |
Extended NIL-USD