Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid+0.146%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,615as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,602as in the Price arb table
costs, in and out, $10k−$1,61516.149% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.146%, 7d avg +0.020%
=Together, before fees−0.029%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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 0.125% dearer against Hyperliquid than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USUAL | 0.01373 | 0.0100 | pay 0.0013% / 1h | 18m 26s | $395K | $185K | 3x |
| Short | KuCoin USUALUSDTM | 0.01375 | 0.0100 | get 0.0050% / 4h | 3h 18m | $271K | $62K | 20x |
Hyperliquid USUAL
KuCoin USUALUSDTMFunding 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
- $0
- Price spread: +0.146% → +0.020%
- $12.55
- Slippage, 4 orders
- −$1,593.93
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,602.38
- Costs to cover
- 16.149%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 31 min ago; KuCoin: live order book, 32 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, 31 min ago | 3.62 bp | 36.7 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 32 min ago | 21.71 bp | 596.9 bp −$597 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 USUAL/USDC PERP | −0.4996% | 1h | 0.01358 | −1.092% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0642% | 1h | 0.01373 | −0.005% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUALlong | +0.0100% | 1h | 0.01373 | long leg | $395K | $185K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01373 | 0.000% | $2.2M | $3.3M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01374 | +0.036% | $1.0M | $799K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01377 | +0.291% | $931K | $212K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01372 | −0.066% | $6.0M | $246K | 100x | as long as short |
| KuCoin USUALUSDTMshort | +0.0100% | 4h | 0.01375 | +0.146% | $271K | $62K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01374 | +0.073% | $824K | $420K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01373 | −0.029% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01378 | +0.391% | $9K | $208 | — | as long as short |
Variational Omni USUAL