Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: Hyperliquid against KuCoin+0.239%7-day average +0.105% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1151.148% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)−0.346%−$35 · spread now +0.239%, 7d avg +0.105%
=Together, before fees−0.315%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 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: Hyperliquid is 0.134% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.105%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.9340 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $984K | $855K | 50x |
| Short | Hyperliquid ORDI | 4.9458 | 0.0100 | get 0.0013% / 1h | 55m 44s | $711K | $661K | 3x |
KuCoin ORDIUSDTM
Hyperliquid ORDIFunding 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
- $0
- Price spread: +0.239% → +0.105%
- $13.4
- Slippage, 4 orders
- −$93.78
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$101.39
- Costs to cover
- 1.148%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 54 min ago; Hyperliquid: live order book, 34 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 KuCoin live order book, 54 min ago | 9.84 bp | 43.1 bp −$43 | 1072.6 bp −$10.7K | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 34 min ago | 0.71 bp | 23.0 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
ORDI on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ORDIUSD | −0.0570% | 1h | 4.9263 | −0.156% | $72K | $44K | 25x | as long as short |
| dYdX ORDI-USD | 0.0000% | 1h | 4.9317 | −0.047% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −7.681% | $776 | $20K | 5.5x | as long as short |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.9458 | +0.239% | $711K | $661K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9352 | +0.024% | $12K | $420K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9440 | +0.203% | $10.1M | $33.2M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9380 | +0.081% | $4.2M | $4.6M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9470 | +0.263% | $5.3M | $17.6M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9330 | −0.020% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9430 | +0.182% | $6.9M | $3.3M | 200x | as long as short |
Kraken Futures PF_ORDIUSD
dYdX ORDI-USD
Injective ORDI/USDC PERP
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTMlong | +0.0100% | 4h | 4.9340 | long leg | $984K | $855K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9370 | +0.061% | $2.9M | $3.5M | 50x | as long as short |
| BingX ORDI-USDT | +0.0100% | 4h | 4.9340 | 0.000% | — | $27.0M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9306 | −0.068% | $24K | $43K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9270 | −0.142% | $1K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9270 | −0.142% | $82K | $410K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9354 | +0.027% | $3K | $185K | 5x | as long as short |
| BloFin ORDI-USDT | +0.0115% | 4h | 4.9290 | −0.101% | $607K | $308K | 75x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9300 | −0.081% | $8K | — | 100x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDT
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
BloFin ORDI-USDT
GMX ORDI/USD [WBTC.b-USDC]