Funding you earn now, next payment 07:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.159%
Price spread now: Hyperliquid against KuCoin+0.118%7-day average +0.267% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.417%+$42 on $10k
+Price spread, last 4 days (all we have)+0.291%+$29 · spread now +0.118%, 7d avg +0.267%
=Together, before fees+0.708%+ Points / potential airdropHyperliquid: Season 2 · farm board+$71 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.149% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.118% now, against its 7-day average of +0.267%). If the spread goes back, that is −$15 on $10k: about 21 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.417% in total) that is about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SKYUSDTM | 0.06869 | 0.0100 | pay 0.0050% / 4h | 1h 42m | $402K | $292K | 50x |
| Short | Hyperliquid SKY | 0.06877 | 0.0124 | get 0.0015% / 1h | 42m 40s | $2.8M | $885K | 3x |
KuCoin SKYUSDTM
Hyperliquid SKYFunding 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
- $4.97
- Price spread: +0.118% → +0.267%
- −$14.9
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$30.93
- Costs to cover
- 0.210%
- Break-even
- 50.5 days
Slippage unknown: KuCoin: live order book, 75 min ago; Hyperliquid: live order book, 9 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 KuCoin live order book, 75 min ago | 32.82 bp | 279.2 bp −$279 | 458.6 bp −$4,586 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 3.49 bp | 16.0 bp −$16 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.349% | $376 | $303K | 12x | as long as short |
| Variational Omni SKY | +0.0052% | 4h | 0.06852 | −0.250% | $183K | $98K | — | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06867 | −0.035% | $179K | $117K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06867 | −0.029% | $72K | $31K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06868 | −0.016% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06865 | −0.059% | $15.6M | $11.2M | 75x | as long as short |
| Bybit SKYUSDT | +0.0100% | 4h | 0.06863 | −0.087% | $7.2M | $3.0M | 25x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06859 | −0.146% | $802K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06860 | −0.131% | $585K | $286K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06865 | −0.058% | $1.0M | $266K | 100x | as long as short |
Injective SKY/USDC PERP
Variational Omni SKY
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
Bybit 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 SKYUSDTMlong | +0.0100% | 4h | 0.06869 | long leg | $402K | $292K | 50x | |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06865 | −0.058% | $2.8M | $1.4M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06863 | −0.087% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06871 | +0.029% | $26K | $645K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06868 | −0.015% | $1K | $3K | 10x | as long as short |
| Hyperliquid SKYshort | +0.0124% | 1h | 0.06877 | +0.118% | $2.8M | $885K | 3x | |
| BloFin SKY-USDT | +0.0143% | 4h | 0.06875 | +0.087% | $583K | $29K | 75x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0523% / S −0.0248% | 1h | 0.06868 | −0.019% | $81K | — | 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]