Funding arb · Price arb /

TURBO

all TURBO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Hyperliquid−0.148%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$273as in the Funding arb table

Net, price: spread back to 7d avg − costs−$293as in the Price arb table

costs, in and out, $10k−$2772.767% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.651%+$65 · spread now −0.148%, 7d avg +0.019%

Together, before fees+0.687%+ Points / potential airdropHyperliquid: Season 2 · farm board+$69 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.166% cheaper against Hyperliquid than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TURBO	0.001084	0.0100	pay 0.0013% / 1h	14m 00s	$320K	$173K	3x
Short	KuCoin TURBOUSDTM	0.001082	0.0100	get 0.0050% / 4h	3h 14m	$1.9M	$956K	20x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.148%Rate

Funding earned: $0
Price spread: −0.148% → +0.019%: −$16.63
Slippage, 4 orders: −$255.74
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$293.37
Costs to cover: 2.767%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 26 min ago; KuCoin: live order book, 2 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, 26 min ago	4.68 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	9.23 bp	134.2 bp −$134	560.4 bp −$5,604	doesn't fit	doesn't fit

TURBO on 14 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_TURBOUSD	−0.0821%	1h	0.001082	−0.146%	$72K	$33K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−1.384%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0064%	4h	0.001084	−0.009%	$153K	$504K	75x	as long as short
Hyperliquid TURBOlong	+0.0100%	1h	0.001084	long leg	$320K	$173K	3x
Aster TURBOUSDT	+0.0100%	4h	0.001082	−0.184%	$10K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001082	−0.203%	$2.9M	$6.7M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001084	−0.028%	$394K	$808K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001081	−0.268%	$913K	$2.4M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001085	+0.120%	$394K	$357K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001080	−0.341%	$5.6M	$626K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTMshort	+0.0100%	4h	0.001082	−0.148%	$1.9M	$956K	20x
Bitget TURBOUSDT	+0.0100%	4h	0.001083	−0.092%	$1.0M	$610K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001083	−0.074%	—	$9.6M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001082	−0.229%	$453	$197K	5x	as long as short