Funding you earn now, next payment 09:00 UTC+0.0442%/8h= +48.4% APRpaid last 24h +0.167%
Price spread now: Hyperliquid against KuCoin−0.207%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs−$210as in the Price arb table
costs, in and out, $10k−$2012.010% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 7 days+0.178%+$18 · spread now −0.207%, 7d avg −0.120%
=Together, before fees+0.028%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.086% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.207% now, against its 7-day average of −0.120%). If the spread goes back, that is −$9 on $10k: about 16 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.150%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.150% in total (about -7.8% 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 | KuCoin ZETAUSDTM | 0.05809 | −0.0672 | get 0.0336% / 4h | 3h 58m | $973K | $4.5M | 20x |
| Short | Hyperliquid ZETA | 0.05797 | −0.0230 | pay 0.0029% / 1h | 58m 25s | $1.6M | $3.1M | 3x |
KuCoin ZETAUSDTM
Hyperliquid ZETAFunding 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
- $92.79
- Price spread: −0.207% → −0.120%
- −$8.61
- Slippage, 4 orders
- −$180
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$116.82
- Costs to cover
- 2.010%
- Break-even
- 15.8 days
Slippage from KuCoin: live order book, 9 min ago; Hyperliquid: live order book, 3 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, 9 min ago | 10.37 bp | 67.3 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 2.59 bp | 29.0 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
ZETA on 13 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_ZETAUSD | −0.3706% | 1h | 0.05779 | −0.508% | $55K | $623K | 10x | as long as short |
| Variational Omni ZETA | −0.1690% | 4h | 0.05785 | −0.418% | $120K | $652K | — | as long as short |
| BloFin ZETA-USDT | −0.1095% | 4h | 0.05808 | −0.017% | $354K | $1.2M | 50x | as long as short |
| Binance ZETAUSDT | −0.1085% | 4h | 0.05803 | −0.102% | $7.5M | $293.8M | 50x | as long as short |
| MEXC ZETA_USDT | −0.1082% | 4h | 0.05804 | −0.086% | $1.2M | $9.7M | 50x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0741% | 4h | 0.05790 | −0.327% | $1.1M | $41.1M | 20x | as long as short |
| KuCoin ZETAUSDTMlong | −0.0672% | 4h | 0.05809 | long leg | $973K | $4.5M | 20x | |
| Hyperliquid ZETAshort | −0.0230% | 1h | 0.05797 | −0.207% | $1.6M | $3.1M | 3x | |
| Gate ZETA_USDT | −0.0118% | 4h | 0.05802 | −0.121% | $590K | $7.1M | 25x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +11.207% | $1K | $1K | 5.5x | as long as short |
Kraken Futures PF_ZETAUSD
Variational Omni ZETA
BloFin ZETA-USDT
Binance ZETAUSDT
MEXC ZETA_USDT
OKX ZETA-USDT-SWAP
Gate ZETA_USDT
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZETAUSDT | +0.0100% | 4h | 0.05800 | −0.155% | $4.7M | $78.5M | 25x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05808 | −0.017% | $2.5M | $57.3M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.05808 | −0.017% | — | $7.3M | — | as long as short |
Bybit ZETAUSDT
Bitget ZETAUSDT
BingX ZETA-USDT