Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: Hyperliquid against KuCoin+0.124%7-day average +0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$239as in the Price arb table
costs, in and out, $10k−$2382.379% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.178%−$18 on $10k
Price spread, last 7 days+0.073%+$7 · spread now +0.124%, 7d avg +0.131%
Together, before fees−0.105%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SUSDTM0.041110.0100pay 0.0050% / 4h1h 17m$1.9M$2.7M50x
ShortHyperliquid S0.041160.0100get 0.0013% / 1h17m 22s$1.0M$554K5x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.124% → +0.131%
−$0.74
Slippage, 4 orders
−$216.91
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$238.65
Costs to cover
2.379%
Break-even
never at this rate
Slippage from KuCoin: live order book, 10 min ago; Hyperliquid: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 10 min ago6.11 bp108.8 bp −$109352.9 bp −$3,529doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago1.34 bp20.3 bp −$20doesn't fitdoesn't fitdoesn't fit

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−1.1576%1h0.03950−3.916%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1682%1h0.04085−0.644%$34K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1456%1h0.04022−2.165%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04088−0.547%$1K100xas long as short
Variational Omni S−0.0135%4h0.04099−0.298%$636K$31Kas long as short
Reya SRUSDPERP−0.0101%1h0.04114+0.073%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04118+0.163%$3K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100−0.268%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0068%4h0.04089−0.535%$101K$332K10xas long as short
Lighter S+0.0096%1h0.04109−0.049%$172K$157K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid Sshort+0.0100%1h0.04116+0.124%$1.0M$554K5x
Aster SUSDT+0.0100%4h0.04100−0.260%$45K$133K10xas long as short
Binance SUSDT+0.0100%4h0.04117+0.147%$5.7M$13.7M75xas long as short
Bybit SUSDT+0.0100%4h0.041110.000%$5.9M$4.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04115+0.097%$1.1M$4.0M20xas long as short
Gate S_USDT+0.0100%4h0.04109−0.049%$338K$201K50xas long as short
MEXC S_USDT+0.0100%4h0.04116+0.122%$4.0M$1.8M200xas long as short
KuCoin SUSDTMlong+0.0100%4h0.04111long leg$1.9M$2.7M50x
Bitget SUSDT+0.0100%4h0.04117+0.146%$1.2M$2.1M50xas long as short
BingX S-USDT+0.0100%4h0.04114+0.073%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04110−0.024%$25K$449K50xas long as short
Extended S-USD+0.0104%1h0.04108−0.062%$233K$1.1M10xas long as short
BloFin S-USDT+0.0340%4h0.04096−0.365%$285K$104K75xas long as short
Deribit S_USDC-PERPETUAL+0.0728%1h0.04093−0.438%$69K$10K10xas long as short
Backpack S_USDC_PERP+0.1616%1h0.04100−0.268%$121K$373K5xas long as short