Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against KuCoin−0.148%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$920as in the Funding arb table
Net, price: spread back to 7d avg − costs−$933as in the Price arb table
costs, in and out, $10k−$9209.196% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.148%, 7d avg −0.017%
=Together, before fees+0.147%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 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: Hyperliquid is 0.130% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USUALUSDTM | 0.01354 | 0.0100 | pay 0.0050% / 4h | 2h 44m | $280K | $66K | 20x |
| Short | Hyperliquid USUAL | 0.01352 | 0.0100 | get 0.0013% / 1h | 44m 56s | $385K | $240K | 3x |
KuCoin USUALUSDTM
Hyperliquid USUALFunding 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
- $0
- Price spread: −0.148% → −0.017%
- −$13.05
- Slippage, 4 orders
- −$898.55
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$932.6
- Costs to cover
- 9.196%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 35 min ago; Hyperliquid: live order book, 39 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 KuCoin live order book, 35 min ago | 25.78 bp | 247.2 bp −$247 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 39 min ago | 7.38 bp | 40.7 bp −$41 | 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 | −0.4964% | 1h | 0.01339 | −1.108% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0747% | 1h | 0.01351 | −0.206% | $110K | $25K | 10x | as long as short |
| Hyperliquid USUALshort | +0.0100% | 1h | 0.01352 | −0.148% | $385K | $240K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01351 | −0.225% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01353 | −0.044% | $995K | $968K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01352 | −0.148% | $903K | $250K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01351 | −0.222% | $5.9M | $266K | 100x | as long as short |
| KuCoin USUALUSDTMlong | +0.0100% | 4h | 0.01354 | long leg | $280K | $66K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01353 | −0.074% | $818K | $509K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01353 | −0.074% | — | $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 | 0.01355 | +0.089% | $9K | $100 | — | as long as short |
Variational Omni USUAL