Funding you earn now, next payment 00:00 UTC+0.0496%/8h= +54.3% APRpaid last 24h +0.075%
Price spread now: Hyperliquid against KuCoin+0.235%7-day average +0.191% · you sell dearer than you buy
Net, funding: paid 7d − costs−$234as in the Funding arb table
Net, price: spread back to 7d avg − costs−$244as in the Price arb table
costs, in and out, $10k−$2482.481% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.235%, 7d avg +0.191%
=Together, before fees+0.244%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.043% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.191%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.138% in total (about 7.2% 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 REZUSDTM | 0.003836 | 0.0100 | pay 0.0050% / 4h | 9m 54s | $451K | $93K | 30x |
| Short | Hyperliquid REZ | 0.003845 | 0.0596 | get 0.0074% / 1h | 9m 54s | $1.6M | $499K | 3x |
KuCoin REZUSDTM
Hyperliquid REZFunding 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
- $104.07
- Price spread: +0.235% → +0.191%
- $4.32
- Slippage, 4 orders
- −$227.13
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$139.74
- Costs to cover
- 2.481%
- Break-even
- 16.4 days
Slippage from KuCoin: live order book, 52 min ago; Hyperliquid: live order book, 1 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, 52 min ago | 10.48 bp | 103.8 bp −$104 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 2.60 bp | 20.8 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
REZ 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster REZUSDT | +0.0100% | 4h | 0.003835 | −0.016% | $18K | $36K | 5x | as long as short |
| Binance REZUSDT | +0.0100% | 4h | 0.003836 | −0.002% | $4.9M | $8.8M | 50x | as long as short |
| Bybit REZUSDT | +0.0100% | 4h | 0.003841 | +0.130% | $1.4M | $1.0M | 25x | as long as short |
| Gate REZ_USDT | +0.0100% | 4h | 0.003842 | +0.156% | $397K | $126K | 10x | as long as short |
| MEXC REZ_USDT | +0.0100% | 4h | 0.003836 | 0.000% | $1.3M | $415K | 50x | as long as short |
| KuCoin REZUSDTMlong | +0.0100% | 4h | 0.003836 | long leg | $451K | $93K | 30x | |
| Bitget REZUSDT | +0.0100% | 4h | 0.003837 | +0.026% | $600K | $1.2M | 50x | as long as short |
| BingX REZ-USDT | +0.0100% | 4h | 0.003838 | +0.052% | — | $6.6M | — | as long as short |
| Variational Omni REZ | +0.0100% | 4h | 0.003838 | +0.051% | $78K | $40K | — | as long as short |
| BloFin REZ-USDT | +0.0130% | 4h | 0.003835 | −0.026% | $324K | $50K | 50x | as long as short |
Aster REZUSDT
Binance REZUSDT
Bybit REZUSDT
Gate REZ_USDT
MEXC REZ_USDT
Bitget REZUSDT
BingX REZ-USDT
Variational Omni REZ
BloFin REZ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_REZUSD | +0.0217% | 1h | 0.003839 | +0.069% | $43K | $10K | 10x | as long as short |
| Hyperliquid REZshort | +0.0596% | 1h | 0.003845 | +0.235% | $1.6M | $499K | 3x |
Kraken Futures PF_REZUSD