Funding you earn now, next payment 22:00 UTC+0.1192%/8h= +130.5% APRpaid last 24h +0.179%
Price spread now: Hyperliquid against KuCoin−0.130%7-day average −0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.425%+$43 on $10k
+Price spread, last 7 days+0.017%+$2 · spread now −0.130%, 7d avg −0.017%
=Together, before fees+0.442%+ Points / potential airdropHyperliquid: Season 2 · farm board+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.113% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.017%). If the spread goes back, that is −$11 on $10k: about 8 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.425% in total) that is about 44 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.425% in total (about 22.2% 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 SYRUPUSDTM | 0.2310 | 0.0100 | pay 0.0050% / 4h | 2h 36m | $2.0M | $107K | 25x |
| Short | Hyperliquid SYRUP | 0.2307 | 0.1292 | get 0.0161% / 1h | 36m 03s | $5.7M | $1.3M | 3x |
KuCoin SYRUPUSDTM
Hyperliquid SYRUPFunding 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
- $250.29
- Price spread: −0.130% → −0.017%
- −$11.26
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $218.03
- Costs to cover
- 0.210%
- Break-even
- 0.9 days
Slippage unknown: KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 6 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, 5 min ago | 19.04 bp | 236.6 bp −$237 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.52 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
SYRUP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SYRUP-USDT | +0.0060% | 4h | 0.2301 | −0.394% | $469K | $132K | 50x | as long as short |
| Lighter SYRUP | +0.0096% | 1h | 0.2306 | −0.165% | $209K | $225K | 5x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2301 | −0.355% | $11K | $60K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2302 | −0.317% | $9.7M | $6.2M | 25x | as long as short |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2303 | −0.294% | $2.3M | $1.8M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2302 | −0.333% | $1.2M | $963K | 20x | as long as short |
| Gate SYRUP_USDT | +0.0100% | 8h | 0.2299 | −0.459% | $431K | $65K | 25x | as long as short |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2302 | −0.333% | $3.1M | $566K | 100x | as long as short |
| KuCoin SYRUPUSDTMlong | +0.0100% | 4h | 0.2310 | long leg | $2.0M | $107K | 25x | |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2303 | −0.290% | $672K | $410K | 20x | as long as short |
BloFin SYRUP-USDT
Lighter SYRUP
Aster SYRUPUSDT
Binance SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
Gate SYRUP_USDT
MEXC SYRUP_USDT
Bitget SYRUPUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2302 | −0.316% | — | $6.5M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2303 | −0.287% | $165K | $48K | — | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2302 | −0.322% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0331% / S −0.1447% | 1h | 0.2301 | −0.368% | $3K | — | 50x | as long as short |
| Kraken Futures PF_SYRUPUSD | +0.0980% | 1h | 0.2305 | −0.218% | $41K | $24K | 10x | as long as short |
| Hyperliquid SYRUPshort | +0.1292% | 1h | 0.2307 | −0.130% | $5.7M | $1.3M | 3x |
BingX SYRUP-USDT
Variational Omni SYRUP
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]
Kraken Futures PF_SYRUPUSD