Funding you earn now, next payment 08:00 UTC+0.0514%/8h= +56.3% APRpaid last 24h +0.099%
Price spread now: Hyperliquid against KuCoin+0.095%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 7 days−0.088%−$9 · spread now +0.095%, 7d avg +0.051%
=Together, before fees+0.072%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.044% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.051%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.161% in total (about 8.4% 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 FETUSDTM | 0.2005 | 0.0100 | pay 0.0100% / 8h | 20m 34s | $10.4M | $17.9M | 50x |
| Short | Hyperliquid FET | 0.2007 | 0.0614 | get 0.0077% / 1h | 20m 34s | $8.4M | $8.5M | 5x |
KuCoin FETUSDTM
Hyperliquid FETFunding 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
- $108.01
- Price spread: +0.095% → +0.051%
- $4.4
- Slippage, 4 orders
- −$45.87
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $45.55
- Costs to cover
- 0.669%
- Break-even
- 4.0 days
Slippage from KuCoin: live order book, 8 min ago; Hyperliquid: live order book, 2 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, 8 min ago | 2.49 bp | 21.6 bp −$22 | 71.7 bp −$717 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 1.25 bp | 9.6 bp −$10 | doesn't fit | 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 | −0.4221% | 1h | 0.2004 | −0.050% | $41K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0792% | 1h | 0.2011 | +0.299% | $151K | $261K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0011% | 1h | 0.2007 | +0.080% | $990K | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2002 | −0.125% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | +0.249% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2006 | +0.039% | $186K | $752K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2004 | −0.050% | $2.7M | $12.8M | 50x | as long as short |
| KuCoin FETUSDTMlong | +0.0100% | 8h | 0.2005 | long leg | $10.4M | $17.9M | 50x | |
| Variational Omni FET | +0.0100% | 8h | 0.2004 | −0.042% | $274K | $524K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2002 | −0.150% | $36K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0120% | 1h | 0.2005 | +0.023% | $37K | $201K | 10x | as long as short |
| MEXC FET_USDT | +0.0123% | 8h | 0.2005 | 0.000% | $29.7M | $25.1M | 200x | as long as short |
| Binance FETUSDT | +0.0123% | 8h | 0.2005 | 0.000% | $30.6M | $111.9M | 75x | as long as short |
| Bitget FETUSDT | +0.0138% | 8h | 0.2007 | +0.100% | $16.4M | $11.7M | 75x | as long as short |
| BingX FET-USDT | +0.0141% | 8h | 0.2005 | 0.000% | — | $5.9M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0301% | 1h | 0.2002 | −0.164% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0243% | 8h | 0.2005 | 0.000% | $1.7M | $3.2M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0278% | 4h | 0.2004 | −0.050% | $1.0M | $8.0M | 20x | as long as short |
| Phoenix FET | +0.0597% | 1h | 0.2009 | +0.185% | $35K | $37K | 5x | as long as short |
| Hyperliquid FETshort | +0.0614% | 1h | 0.2007 | +0.095% | $8.4M | $8.5M | 5x |
Extended FET-USD
MEXC FET_USDT
Binance FETUSDT
Bitget FETUSDT
BingX FET-USDT
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
Phoenix FET