Funding arb · Price arb /

ARB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.052%

Price spread now: KuCoin against Hyperliquid−0.041%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$540.545% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.041%, 7d avg −0.070%

Together, before fees−0.134%+ 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 0.029% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ARB	0.2179	0.0100	pay 0.0013% / 1h	18m 59s	$36.7M	$49.5M	10x
Short	KuCoin ARBUSDTM	0.2178	0.0100	get 0.0100% / 8h	18m 59s	$19.4M	$14.0M	75x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.070%: $2.92
Slippage, 4 orders: −$33.49
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$51.57
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 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, 4 min ago	0.46 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	0.69 bp	17.6 bp −$18	34.5 bp −$345	doesn't fit	doesn't fit

ARB on 36 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 ARB/USDC PERP	−0.1612%	1h	0.2164	−0.702%	$39K	$372K	12x	as long as short
01 Exchange ARBUSD	−0.0200%	1h	0.2175	−0.179%	$7K	$236	10x	as long as short
MEXC ARB_USDT	−0.0083%	8h	0.2178	−0.069%	$41.7M	$62.6M	200x	as long as short
OKX ARB-USDT-SWAP	−0.0081%	8h	0.2178	−0.078%	$21.8M	$144.3M	50x	as long as short
Orderly PERP_ARB_USDC	−0.0044%	8h	0.2176	−0.151%	$13K	$404K	10x	as long as short
Polymarket Perps ARB-USD	−0.0009%	1h	0.2175	−0.174%	$76K	$2.1M	10x	as long as short
Extended ARB-USD	−0.0008%	1h	0.2177	−0.127%	$347K	$3.1M	25x	as long as short
Binance ARBUSDT	−0.0006%	8h	0.2178	−0.045%	$62.4M	$301.2M	75x	as long as short
SoDEX ARB-USD	−0.0003%	1h	0.2177	−0.087%	$9K	$2.2M	5x	as long as short
dYdX ARB-USD	0.0000%	1h	0.2173	−0.277%	$64K	$5K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2178	−0.050%	$28K	$38K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0007%	1h	0.2177	−0.107%	$69K	—	150x	as long as short
Variational Omni ARB	+0.0011%	8h	0.2172	−0.350%	$1.8M	$3.0M	—	as long as short
Bybit ARBUSDT	+0.0017%	8h	0.2178	−0.069%	$53.2M	$126.0M	50x	as long as short
Gate ARB_USDT	+0.0017%	8h	0.2178	−0.064%	$5.3M	$18.4M	60x	as long as short
RISEx ARB/USDC	+0.0069%	1h	0.2174	−0.231%	$500K	$2.7M	10x	as long as short
Aevo ARB-PERP	+0.0080%	1h	0.2178	−0.075%	$138K	$7K	3x	as long as short
BingX ARB-USDC	+0.0084%	8h	0.2176	−0.151%	—	$6.5M	—	as long as short
Bitget ARBUSDT	+0.0085%	8h	0.2179	−0.014%	$21.1M	$34.5M	50x	as long as short
Kraken Futures PF_ARBUSD	+0.0093%	1h	0.2179	−0.037%	$1.1M	$4.3M	50x	as long as short
Lighter ARB	+0.0096%	1h	0.2177	−0.096%	$1.3M	$5.5M	15x	as long as short
Hyperliquid ARBlong	+0.0100%	1h	0.2179	long leg	$36.7M	$49.5M	10x
Aster ARBUSDT	+0.0100%	8h	0.2178	−0.076%	$624K	$1.7M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2173	−0.273%	$42K	$147K	10x	as long as short
KuCoin ARBUSDTMshort	+0.0100%	8h	0.2178	−0.041%	$19.4M	$14.0M	75x
edgeX ARBUSDC	+0.0100%	4h	0.2175	−0.208%	$38K	$464K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2174	−0.255%	$467K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2177	−0.106%	$118K	$278K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2178	−0.060%	$2K	$1.1M	30x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2178	−0.050%	$291K	$840K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2174	−0.243%	$4.8M	$12.7M	50x	as long as short
BloFin ARB-USDT	+0.0114%	8h	0.2178	−0.064%	$3.0M	$2.3M	75x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2178	−0.055%	$821K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0288%	1h	0.2176	−0.156%	$2K	$695	20x	as long as short
Coinbase International ARB-PERP-INTX	+0.0336%	1h	0.2177	−0.092%	$511K	$1.5M	50x	as long as short
Backpack ARB_USDC_PERP	+0.0480%	1h	0.2180	+0.055%	$979K	$2.9M	20x	as long as short