Funding you earn now, next payment 04:00 UTC−0.1308%/8h= −143.2% APRpaid last 24h −0.159%
Price spread now: KuCoin against Hyperliquid−0.066%7-day average −0.095% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 7 days+0.029%+$3 · spread now −0.066%, 7d avg −0.095%
=Together, before fees−0.141%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.029% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.066% now, against its 7-day average of −0.095%): +$3 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.170% in total) that is about 28 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.9% 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 POPCAT | 0.05600 | 0.1408 | pay 0.0176% / 1h | 50m 20s | $2.6M | $1.0M | 3x |
| Short | KuCoin POPCATUSDTM | 0.05596 | 0.0100 | get 0.0050% / 4h | 50m 20s | $1.1M | $982K | 50x |
Hyperliquid POPCAT
KuCoin POPCATUSDTMFunding 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
- −$274.7
- Price spread: −0.066% → −0.095%
- $2.87
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$292.83
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 1 min ago; KuCoin: live order book, 4 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, 1 min ago | 1.42 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 8.00 bp | 195.9 bp −$196 | 875.2 bp −$8,752 | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.4247% | 1h | 0.05530 | −1.245% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05590 | −0.176% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0114% | 4h | 0.05587 | −0.226% | $505K | $163K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05592 | −0.138% | $100K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05594 | −0.102% | $2.3M | $6.9M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05581 | −0.334% | $8.8M | $6.4M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05586 | −0.245% | $693K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05593 | −0.120% | $443K | $634K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05593 | −0.120% | $1.8M | $958K | 200x | as long as short |
| KuCoin POPCATUSDTMshort | +0.0100% | 4h | 0.05596 | −0.066% | $1.1M | $982K | 50x |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05589 | −0.191% | $1.2M | $938K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05584 | −0.280% | — | $1.6M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05620 | +0.363% | $22K | $650K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05591 | −0.150% | $95K | $530K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0156% | 4h | 0.05627 | +0.488% | $249K | $493K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05622 | +0.398% | $126K | $325K | 50x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0579% | 1h | 0.05596 | −0.074% | $150K | $146K | 20x | as long as short |
| Hyperliquid POPCATlong | +0.1408% | 1h | 0.05600 | long leg | $2.6M | $1.0M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDC
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT
Kraken Futures PF_POPCATUSD