Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid+0.084%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$264as in the Funding arb table
Net, price: spread back to 7d avg − costs−$258as in the Price arb table
costs, in and out, $10k−$2692.693% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.084%, 7d avg −0.024%
=Together, before fees−0.126%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 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 0.109% dearer against Hyperliquid than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid W | 0.01190 | 0.0100 | pay 0.0013% / 1h | 42m 40s | $2.0M | $417K | 5x |
| Short | KuCoin WUSDTM | 0.01191 | 0.0100 | get 0.0050% / 4h | 3h 42m | $460K | $219K | 50x |
Hyperliquid W
KuCoin WUSDTMFunding 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: +0.084% → −0.024%
- $10.85
- Slippage, 4 orders
- −$248.34
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$258.48
- Costs to cover
- 2.693%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; KuCoin: live order book, 10 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, 8 min ago | 4.21 bp | 18.4 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 12.62 bp | 117.9 bp −$118 | 537.5 bp −$5,375 | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0506% | 1h | 0.01190 | −0.025% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +1.597% | $1K | $1K | 12x | as long as short |
| OKX W-USDT-SWAP | +0.0088% | 4h | 0.01189 | −0.118% | $1.3M | $2.0M | 20x | as long as short |
| Hyperliquid Wlong | +0.0100% | 1h | 0.01190 | long leg | $2.0M | $417K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01189 | −0.045% | $3.0M | $6.8M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01188 | −0.176% | $4.2M | $1.9M | 50x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01187 | −0.269% | $448K | $284K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01190 | −0.034% | $12.9M | $1.5M | 50x | as long as short |
| KuCoin WUSDTMshort | +0.0100% | 4h | 0.01191 | +0.084% | $460K | $219K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01189 | −0.084% | $1.3M | $574K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
OKX W-USDT-SWAP
Binance WUSDT
Bybit WUSDT
Gate W_USDT
MEXC W_USDT
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01189 | −0.101% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01185 | −0.398% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01188 | −0.130% | $125K | $375K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01189 | −0.067% | $60K | $299K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0280% | 1h | 0.01190 | −0.008% | $14K | $16K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1318% | 1h | 0.01193 | +0.240% | $148K | $181K | 20x | as long as short |
| Backpack W_USDC_PERP | +0.1350% | 1h | 0.01192 | +0.126% | $44K | $44K | 15x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD
Backpack W_USDC_PERP