Funding you earn now, next payment 22:00 UTC−0.1590%/8h= −174.1% APRpaid last 24h −0.226%
Price spread now: KuCoin against Hyperliquid−0.235%7-day average −0.104% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.568%−$57 on $10k
+Price spread, last 7 days+0.202%+$20 · spread now −0.235%, 7d avg −0.104%
=Together, before fees−0.366%+ Points / potential airdropHyperliquid: Season 2 · farm board−$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and KuCoin is 0.131% cheaper against Hyperliquid than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.104%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.568% in total (about -29.6% 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 USELESS | 0.2975 | 0.1740 | pay 0.0217% / 1h | 57m 54s | $15.2M | $19.7M | 3x |
| Short | KuCoin USELESSUSDTM | 0.2968 | 0.0150 | get 0.0075% / 4h | 2h 57m | $5.5M | $9.5M | 12x |
Hyperliquid USELESS
KuCoin USELESSUSDTMFunding 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
- −$333.83
- Price spread: −0.235% → −0.104%
- −$13.12
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$367.95
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; KuCoin: live order book, 5 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 Hyperliquid live order book, 5 min ago | 1.01 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.86 bp | 49.5 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2969 | −0.202% | $1.4M | $1.0M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2971 | −0.118% | $33K | $70K | 3x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0100% | 4h | 0.2968 | −0.215% | $10.6M | $66.6M | 10x | as long as short |
| Polymarket Perps USELESS-USD | +0.0100% | 1h | 0.2973 | −0.047% | $28K | $129K | 3x | as long as short |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2972 | −0.091% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2971 | −0.134% | $20K | $374K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2965 | −0.340% | $589K | $1.3M | 20x | as long as short |
| KuCoin USELESSUSDTMshort | +0.0150% | 4h | 0.2968 | −0.235% | $5.5M | $9.5M | 12x | |
| Aevo USELESS-PERP | +0.0256% | 1h | 0.2972 | −0.084% | $11K | — | 3x | as long as short |
| Gate USELESS_USDT | +0.0398% | 4h | 0.2967 | −0.255% | $7.4M | $7.6M | 50x | as long as short |
Lighter USELESS
Pacifica USELESS
OKX USELESS-USDT-SWAP
Polymarket Perps USELESS-USD
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Aevo USELESS-PERP
Gate USELESS_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni USELESSUSDT | +0.0520% | 1h | 0.2970 | −0.161% | $41K | $696K | 25x | as long as short |
| Bitget USELESSUSDT | +0.0588% | 4h | 0.2969 | −0.198% | $5.6M | $8.7M | 20x | as long as short |
| Extended USELESS-USD | +0.0696% | 1h | 0.2973 | −0.057% | $312K | $967K | 5x | as long as short |
| Binance USELESSUSDT | +0.0698% | 4h | 0.2973 | −0.075% | $25.9M | $108.4M | 50x | as long as short |
| MEXC USELESS_USDT | +0.0700% | 4h | 0.2972 | −0.084% | $21.9M | $5.7M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0701% | 4h | 0.2970 | −0.160% | $22K | $189K | 10x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1122% | 4h | 0.2972 | −0.094% | $22K | $1.4M | 10x | as long as short |
| Variational Omni USELESS | +0.1162% | 4h | 0.2965 | −0.345% | $1.2M | $1.7M | — | as long as short |
| Aster USELESSUSDT | +0.1395% | 4h | 0.2971 | −0.136% | $691K | $2.1M | 10x | as long as short |
| BingX USELESS-USDT | +0.1402% | 4h | 0.2972 | −0.104% | — | $4.9M | — | as long as short |
| Bybit USELESSUSDT | +0.1565% | 4h | 0.2972 | −0.104% | $30.0M | $42.5M | 13x | as long as short |
| Hyperliquid USELESSlong | +0.1740% | 1h | 0.2975 | long leg | $15.2M | $19.7M | 3x | |
| BloFin USELESS-USDT | +0.2230% | 4h | 0.2967 | −0.249% | $1.3M | $2.1M | 12x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.3151 | +5.933% | $5K | $10K | 5.5x | as long as short |
ApeX Omni USELESSUSDT
Bitget USELESSUSDT
Extended USELESS-USD
Binance USELESSUSDT
MEXC USELESS_USDT
edgeX USELESSUSDC
Orderly PERP_USELESS_USDC
Variational Omni USELESS
Aster USELESSUSDT
BingX USELESS-USDT
Bybit USELESSUSDT
BloFin USELESS-USDT
Injective USELESS/USDC PERP