Funding you earn now, next payment 02:00 UTC+0.0745%/8h= +81.6% APRpaid last 24h +0.164%
Price spread now: Hyperliquid against KuCoin+0.231%7-day average +0.219% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1471.468% of the position
Funding, last 7 days+0.249%+$25 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.231%, 7d avg +0.219%
=Together, before fees+0.199%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.219%, so right now this pair is about funding alone: +$22 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.249% in total (about 13.0% 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 CFXUSDTM | 0.05407 | 0.0100 | pay 0.0100% / 8h | 6h 21m | $886K | $285K | 75x |
| Short | Hyperliquid CFX | 0.05420 | 0.0845 | get 0.0106% / 1h | 21m 01s | $3.2M | $365K | 5x |
KuCoin CFXUSDTM
Hyperliquid CFXFunding 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
- $156.47
- Price spread: +0.231% → +0.219%
- $1.2
- Slippage, 4 orders
- −$125.84
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $10.83
- Costs to cover
- 1.468%
- Break-even
- 6.5 days
Slippage from KuCoin: live order book, 28 min ago; Hyperliquid: 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 KuCoin live order book, 28 min ago | 7.45 bp | 43.5 bp −$44 | 88.6 bp −$886 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.02 bp | 18.0 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05407 | −0.002% | $5K | $43K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05408 | +0.019% | $5.4M | $10.5M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05411 | +0.074% | $2.4M | $1.5M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05406 | −0.018% | $2.6M | $5.8M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05407 | 0.000% | $1.1M | $2.6M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05405 | −0.037% | $3.1M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTMlong | +0.0100% | 8h | 0.05407 | long leg | $886K | $285K | 75x | |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05408 | +0.018% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05406 | −0.018% | — | $20.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05413 | +0.111% | $43K | $45K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05398 | −0.166% | $512K | $1.8M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05410 | +0.047% | $1K | $269K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0408% | 1h | 0.05410 | +0.055% | $44K | $127K | 50x | as long as short |
| Hyperliquid CFXshort | +0.0845% | 1h | 0.05420 | +0.231% | $3.2M | $365K | 5x | |
| Kraken Futures PF_CFXUSD | +0.1207% | 1h | 0.05414 | +0.138% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2523% | 1h | 0.05425 | +0.333% | $143 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL