Funding you earn now, next payment 22:00 UTC−0.0294%/8h= −32.2% APRpaid last 24h −0.234%
Price spread now: KuCoin against Hyperliquid−0.359%7-day average −0.276% · you buy dearer than you sell
Net, funding: paid 7d − costs−$641as in the Funding arb table
Net, price: spread back to 7d avg − costs−$610as in the Price arb table
costs, in and out, $10k−$6016.014% of the position
Funding, last 7 days−0.398%−$40 on $10k
+Price spread, last 4 days (all we have)−0.838%−$84 · spread now −0.359%, 7d avg −0.276%
=Together, before fees−1.236%+ Points / potential airdropHyperliquid: Season 2 · farm board−$124 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.083% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.276%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SKY | 0.07208 | 0.0394 | pay 0.0049% / 1h | 48m 46s | $3.0M | $905K | 3x |
| Short | KuCoin SKYUSDTM | 0.07182 | 0.0100 | get 0.0050% / 4h | 2h 48m | $442K | $287K | 50x |
Hyperliquid SKY
KuCoin SKYUSDTMFunding 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
- −$61.67
- Price spread: −0.359% → −0.276%
- −$8.3
- Slippage, 4 orders
- −$580.39
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$671.36
- Costs to cover
- 6.014%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; KuCoin: live order book, 33 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, 2 min ago | 3.26 bp | 17.5 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 33 min ago | 51.25 bp | 225.4 bp −$225 | 649.6 bp −$6,496 | doesn't fit | doesn't fit |
SKY 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0644% | 4h | 0.07190 | −0.248% | $207K | $94K | — | as long as short |
| Bybit SKYUSDT | −0.0348% | 4h | 0.07195 | −0.179% | $8.0M | $3.3M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07254 | +0.640% | $396 | $184K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07201 | −0.090% | $189K | $163K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.07198 | −0.134% | $71K | $26K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07201 | −0.097% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07199 | −0.125% | $16.6M | $9.5M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07194 | −0.193% | $876K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07189 | −0.262% | $617K | $253K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07200 | −0.110% | $1.1M | $279K | 100x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTMshort | +0.0100% | 4h | 0.07182 | −0.359% | $442K | $287K | 50x | |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07198 | −0.137% | $3.0M | $2.0M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07194 | −0.193% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07202 | −0.082% | $20K | $683K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07201 | −0.094% | $698 | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0151% | 4h | 0.07201 | −0.096% | $609K | $610K | 75x | as long as short |
| Hyperliquid SKYlong | +0.0394% | 1h | 0.07208 | long leg | $3.0M | $905K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0534% / S −0.0248% | 1h | 0.07198 | −0.133% | $85K | — | 50x | as long as short |
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]