Funding you earn now, next payment 22:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.045%
Price spread now: KuCoin against Hyperliquid−0.217%7-day average −0.107% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1041.044% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.217%, 7d avg −0.107%
=Together, before fees−0.095%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.111% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.107%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.102% in total (about -5.3% 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 STX | 0.3449 | 0.0287 | pay 0.0036% / 1h | 53m 57s | $1.5M | $1.0M | 5x |
| Short | KuCoin STXUSDTM | 0.3442 | 0.0100 | get 0.0100% / 8h | 2h 53m | $2.5M | $1.8M | 50x |
Hyperliquid STX
KuCoin STXUSDTMFunding 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
- −$39.34
- Price spread: −0.217% → −0.107%
- −$11.06
- Slippage, 4 orders
- −$83.4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$154.79
- Costs to cover
- 1.044%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; KuCoin: live order book, 3 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, 7 min ago | 2.01 bp | 18.7 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 8.69 bp | 35.8 bp −$36 | 106.1 bp −$1,061 | doesn't fit | doesn't fit |
STX 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSD | −0.1355% | 1h | 0.3442 | −0.217% | $77K | $158K | 20x | as long as short |
| Variational Omni STX | −0.0643% | 8h | 0.3465 | +0.463% | $826K | $321K | — | as long as short |
| ApeX Omni STXUSDT | −0.0586% | 1h | 0.3475 | +0.739% | $58K | $678K | 50x | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3446 | −0.110% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3349 | −2.913% | $4K | $111K | 12x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3437 | −0.362% | $129K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3447 | −0.065% | $8.1M | $20.3M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3439 | −0.304% | $8.8M | $7.5M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3444 | −0.159% | $2.4M | $6.7M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3436 | −0.391% | $606K | $433K | 50x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
ApeX Omni STXUSDT
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAP
Gate STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC STX_USDT | +0.0100% | 8h | 0.3446 | −0.101% | $6.3M | $1.5M | 50x | as long as short |
| KuCoin STXUSDTMshort | +0.0100% | 8h | 0.3442 | −0.217% | $2.5M | $1.8M | 50x | |
| Bitget STXUSDT | +0.0100% | 8h | 0.3443 | −0.188% | $5.0M | $1.9M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3444 | −0.159% | — | $15.8M | — | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3443 | −0.176% | $181K | $585K | 10x | as long as short |
| BloFin STX-USDT | +0.0123% | 8h | 0.3453 | +0.101% | $436K | $247K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3448 | −0.043% | $5K | — | 100x | as long as short |
| Hyperliquid STXlong | +0.0287% | 1h | 0.3449 | long leg | $1.5M | $1.0M | 5x |
MEXC STX_USDT
Bitget STXUSDT
BingX STX-USDT
Extended STX-USD
BloFin STX-USDT
GMX STX/USD [WBTC.b-USDC]