Funding you earn now, next payment 00:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h −0.007%
Price spread now: KuCoin against Hyperliquid−0.224%7-day average −0.032% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 7 days+0.223%+$22 · spread now −0.224%, 7d avg −0.032%
=Together, before fees+0.131%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.192% cheaper against Hyperliquid than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.032%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% 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 | Hyperliquid ZORA | 0.008492 | 0.0436 | pay 0.0055% / 1h | 4m 19s | $1.6M | $315K | 3x |
| Short | KuCoin ZORAUSDTM | 0.008473 | 0.0100 | get 0.0050% / 4h | 4m 19s | $769K | $1.2M | 30x |
Hyperliquid ZORA
KuCoin ZORAUSDTMFunding 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
- −$70.66
- Price spread: −0.224% → −0.032%
- −$19.18
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$110.84
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; KuCoin: live order book, 6 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, 6 min ago | 1.77 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 5.92 bp | 54.6 bp −$55 | 519.7 bp −$5,197 | doesn't fit | doesn't fit |
ZORA 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZORA-USD | 0.0000% | 1h | 0.008464 | −0.325% | $311 | $5 | 5x | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008463 | −0.341% | — | $6.6M | — | as long as short |
| Lighter ZORA | +0.0096% | 1h | 0.008458 | −0.400% | $21K | $12K | 3x | as long as short |
| Aster ZORAUSDT | +0.0100% | 4h | 0.008476 | −0.183% | $26K | $28K | 5x | as long as short |
| Binance ZORAUSDT | +0.0100% | 4h | 0.008476 | −0.188% | $2.5M | $4.0M | 50x | as long as short |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008465 | −0.318% | $2.3M | $1.7M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008463 | −0.341% | $770K | $992K | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008460 | −0.377% | $156K | $74K | 25x | as long as short |
| MEXC ZORA_USDT | +0.0100% | 4h | 0.008475 | −0.200% | $9.8M | $229K | 50x | as long as short |
| KuCoin ZORAUSDTMshort | +0.0100% | 4h | 0.008473 | −0.224% | $769K | $1.2M | 30x |
dYdX ZORA-USD
BingX ZORA-USDT
Lighter ZORA
Aster ZORAUSDT
Binance ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDT
MEXC ZORA_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZORAUSDT | +0.0100% | 4h | 0.008472 | −0.236% | $729K | $218K | 25x | as long as short |
| Variational Omni ZORA | +0.0100% | 4h | 0.008438 | −0.638% | $125K | $26K | — | as long as short |
| SunX ZORA-USDT | +0.0100% | 4h | 0.008650 | +1.861% | $2K | $1.2M | 20x | as long as short |
| Extended ZORA-USD | +0.0104% | 1h | 0.008474 | −0.217% | $6K | $169K | 5x | as long as short |
| Backpack ZORA_USDC_PERP | +0.0155% | 1h | 0.008466 | −0.306% | $34K | $114K | 10x | as long as short |
| GMX ZORA/USD [ETH-USDC] | L +0.0230% / S −0.0433% | 1h | 0.008457 | −0.412% | $1K | — | 100x | as long as short |
| Hyperliquid ZORAlong | +0.0436% | 1h | 0.008492 | long leg | $1.6M | $315K | 3x |
Bitget ZORAUSDT
Variational Omni ZORA
SunX ZORA-USDT
Extended ZORA-USD
Backpack ZORA_USDC_PERP
GMX ZORA/USD [ETH-USDC]