Funding you earn now, next payment 01:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h −0.073%
Price spread now: KuCoin against Hyperliquid−0.057%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$690.693% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.057%, 7d avg −0.049%
=Together, before fees−0.057%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$9 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 -0.116% in total (about -6.1% 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 FET | 0.2072 | 0.0404 | pay 0.0051% / 1h | 33m 24s | $9.3M | $8.1M | 5x |
| Short | KuCoin FETUSDTM | 0.2071 | 0.0100 | get 0.0100% / 8h | 7h 33m | $10.9M | $19.2M | 50x |
Hyperliquid FET
KuCoin FETUSDTMFunding 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
- −$63.85
- Price spread: −0.057% → −0.049%
- −$0.81
- Slippage, 4 orders
- −$48.32
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$133.99
- Costs to cover
- 0.693%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; KuCoin: live order book, 5 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, 9 min ago | 1.70 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.42 bp | 27.8 bp −$28 | 80.4 bp −$804 | doesn't fit | doesn't fit |
FET on 20 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 FET_USDC-PERPETUAL | −0.2161% | 1h | 0.2069 | −0.154% | $40K | $213K | 10x | as long as short |
| Kraken Futures PF_FETUSD | −0.1251% | 1h | 0.2069 | −0.156% | $1.0M | $2.2M | 50x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0704% | 1h | 0.2069 | −0.154% | $154K | $210K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0013% | 1h | 0.2070 | −0.101% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −3.001% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2069 | −0.161% | $344K | $542K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2069 | −0.154% | $32.3M | $110.2M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2068 | −0.202% | $2.8M | $12.1M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2069 | −0.154% | $35.0M | $24.9M | 200x | as long as short |
| KuCoin FETUSDTMshort | +0.0100% | 8h | 0.2071 | −0.057% | $10.9M | $19.2M | 50x |
Deribit FET_USDC-PERPETUAL
Kraken Futures PF_FETUSD
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2065 | −0.338% | $363K | $399K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2069 | −0.154% | $38K | $6K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2069 | −0.176% | $34K | $248K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0202% / S −0.0278% | 1h | 0.2069 | −0.164% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2065 | −0.347% | $1.7M | $2.7M | 100x | as long as short |
| BingX FET-USDT | +0.0287% | 8h | 0.2070 | −0.106% | — | $5.7M | — | as long as short |
| Bitget FETUSDT | +0.0303% | 8h | 0.2072 | −0.009% | $16.7M | $11.5M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0310% | 4h | 0.2073 | +0.039% | $1.1M | $8.2M | 20x | as long as short |
| Hyperliquid FETlong | +0.0404% | 1h | 0.2072 | long leg | $9.3M | $8.1M | 5x | |
| Phoenix FET | +0.0467% | 1h | 0.2066 | −0.279% | $36K | $45K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
OKX FET-USDT-SWAP
Phoenix FET