Funding you earn now, next payment 03:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h −0.004%
Price spread now: KuCoin against Hyperliquid−0.145%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1171.166% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now −0.145%, 7d avg −0.028%
=Together, before fees−0.228%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.117% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% 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 | Hyperliquid GALA | 0.002076 | 0.0100 | pay 0.0013% / 1h | 3m 37s | $305K | $160K | 3x |
| Short | KuCoin GALAUSDTM | 0.002073 | −0.0091 | pay 0.0091% / 8h | 5h 03m | $1.7M | $5.5M | 75x |
Hyperliquid GALA
KuCoin GALAUSDTMFunding 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
- −$40.11
- Price spread: −0.145% → −0.028%
- −$11.68
- Slippage, 4 orders
- −$95.56
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$168.36
- Costs to cover
- 1.166%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 26 min ago; KuCoin: live order book, 4 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, 26 min ago | 4.76 bp | 19.9 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 4.80 bp | 38.0 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
GALA on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GALAUSD | −0.0691% | 1h | 0.002082 | +0.298% | $658K | $176K | 25x | as long as short |
| KuCoin GALAUSDTMshort | −0.0091% | 8h | 0.002073 | −0.145% | $1.7M | $5.5M | 75x | |
| Injective GALA/USDC PERP | +0.0033% | 1h | 0.002110 | +1.638% | $2K | $7K | 5.5x | as long as short |
| Hyperliquid GALAlong | +0.0100% | 1h | 0.002076 | long leg | $305K | $160K | 3x | |
| Aster GALAUSDT | +0.0100% | 8h | 0.002080 | +0.202% | $17K | $11K | 5x | as long as short |
| Binance GALAUSDT | +0.0100% | 8h | 0.002076 | −0.019% | $5.4M | $17.4M | 75x | as long as short |
| Bybit GALAUSDT | +0.0100% | 8h | 0.002076 | 0.000% | $6.0M | $6.4M | 75x | as long as short |
| OKX GALA-USDT-SWAP | +0.0100% | 8h | 0.002074 | −0.096% | $2.2M | $4.2M | 50x | as long as short |
| Gate GALA_USDT | +0.0100% | 8h | 0.002076 | 0.000% | $1.8M | $1.3M | 75x | as long as short |
| MEXC GALA_USDT | +0.0100% | 8h | 0.002074 | −0.096% | $6.2M | $3.4M | 125x | as long as short |
Kraken Futures PF_GALAUSD
Injective GALA/USDC PERP
Aster GALAUSDT
Binance GALAUSDT
Bybit GALAUSDT
OKX GALA-USDT-SWAP
Gate GALA_USDT
MEXC GALA_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GALAUSDT | +0.0100% | 8h | 0.002076 | 0.000% | $2.2M | $1.2M | 75x | as long as short |
| BingX GALA-USDT | +0.0100% | 8h | 0.002075 | −0.048% | — | $11.1M | — | as long as short |
| Variational Omni GALA | +0.0100% | 8h | 0.002079 | +0.149% | $25K | $21K | — | as long as short |
| Extended GALA-USD | +0.0104% | 1h | 0.002074 | −0.073% | $2K | $144K | 5x | as long as short |
| BloFin GALA-USDT | +0.0119% | 8h | 0.002081 | +0.241% | $309K | $69K | 20x | as long as short |
Bitget GALAUSDT
BingX GALA-USDT
Variational Omni GALA
Extended GALA-USD
BloFin GALA-USDT