Funding you earn now, next payment 06:00 UTC+0.0197%/8h= +21.5% APRpaid last 24h +0.016%
Price spread now: KuCoin against Hyperliquid−0.058%7-day average +0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$478as in the Funding arb table
Net, price: spread back to 7d avg − costs−$493as in the Price arb table
costs, in and out, $10k−$4804.804% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.058%, 7d avg +0.065%
=Together, before fees+0.101%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.123% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.065%). If the spread goes back, that is −$12 on $10k: about 2.1 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.026% in total) that is about 33 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.4% 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 NXPC | 0.2427 | −0.0097 | get 0.0012% / 1h | 39m 01s | $381K | $395K | 3x |
| Short | KuCoin NXPCUSDTM | 0.2426 | 0.0100 | get 0.0050% / 4h | 2h 39m | $556K | $173K | 50x |
Hyperliquid NXPC
KuCoin NXPCUSDTMFunding 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
- $41.31
- Price spread: −0.058% → +0.065%
- −$12.3
- Slippage, 4 orders
- −$459.43
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$451.42
- Costs to cover
- 4.804%
- Break-even
- 83.5 days
Slippage from Hyperliquid: live order book, 31 min ago; KuCoin: live order book, 20 min ago.
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, 31 min ago | 6.10 bp | 28.3 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 20 min ago | 8.17 bp | 191.8 bp −$192 | 988.5 bp −$9,885 | doesn't fit | doesn't fit |
NXPC on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid NXPClong | −0.0097% | 1h | 0.2427 | long leg | $381K | $395K | 3x | |
| ApeX Omni NXPCUSDT | +0.0018% | 1h | 0.2439 | +0.478% | $17K | $635K | 50x | as long as short |
| BingX NXPC-USDT | +0.0070% | 4h | 0.2430 | +0.107% | — | $6.6M | — | as long as short |
| Binance NXPCUSDT | +0.0100% | 4h | 0.2430 | +0.117% | $4.6M | $8.0M | 50x | as long as short |
| Bybit NXPCUSDT | +0.0100% | 4h | 0.2431 | +0.148% | $1.2M | $2.6M | 25x | as long as short |
| Gate NXPC_USDT | +0.0100% | 8h | 0.2426 | −0.058% | $73K | $273K | 50x | as long as short |
| MEXC NXPC_USDT | +0.0100% | 4h | 0.2430 | +0.107% | $491K | $249K | 100x | as long as short |
| KuCoin NXPCUSDTMshort | +0.0100% | 4h | 0.2426 | −0.058% | $556K | $173K | 50x | |
| Bitget NXPCUSDT | +0.0100% | 4h | 0.2431 | +0.148% | $418K | $928K | 50x | as long as short |
| Variational Omni NXPC | +0.0100% | 4h | 0.2438 | +0.421% | $29K | $2K | — | as long as short |
ApeX Omni NXPCUSDT
BingX NXPC-USDT
Binance NXPCUSDT
Bybit NXPCUSDT
Gate NXPC_USDT
MEXC NXPC_USDT
Bitget NXPCUSDT
Variational Omni NXPC