Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.053%
Price spread now: KuCoin against Hyperliquid−0.055%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 7 days+0.082%+$8 · spread now −0.055%, 7d avg −0.008%
=Together, before fees+0.003%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 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 0.047% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HYPE | 93.344 | 0.0100 | pay 0.0013% / 1h | 45m 49s | $2.04B | $675.2M | 10x |
| Short | KuCoin HYPEUSDTM | 93.293 | 0.0100 | get 0.0050% / 4h | 2h 45m | $46.0M | $18.4M | 75x |
Hyperliquid HYPE
KuCoin HYPEUSDTMFunding 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
- $0
- Price spread: −0.055% → −0.008%
- −$4.67
- Slippage, 4 orders
- −$9.91
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$35.57
- Costs to cover
- 0.309%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; KuCoin: live order book, 8 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, 8 min ago | 0.05 bp | 5.8 bp −$6 | 7.3 bp −$73 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 0.32 bp | 10.9 bp −$11 | 15.4 bp −$154 | doesn't fit | doesn't fit |
HYPE on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1048% | 1h | 93.365 | +0.022% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.182 | −0.174% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0186% | 1h | 93.361 | +0.018% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0124% | 1h | 93.240 | −0.111% | $698K | $977K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0118% | 1h | 93.254 | −0.096% | $7.8M | $10.4M | 20x | as long as short |
| Gate HYPE_USDT | −0.0084% | 4h | 93.235 | −0.117% | $44.1M | $53.9M | 75x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.376 | +0.034% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.315 | −0.031% | $84K | $361K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0052% | 4h | 93.269 | −0.080% | $158K | $646K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0051% | 8h | 93.331 | −0.014% | $12.7M | $2.7M | 50x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Backpack HYPE_USDC_PERP
Gate HYPE_USDT
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Phemex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0026% | 4h | 93.270 | −0.079% | $8.8M | $36.2M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.318 | −0.028% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.325 | −0.021% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.318 | −0.028% | $26K | — | 150x | as long as short |
| Bluefin HYPE-PERP | +0.0006% | 1h | 93.269 | −0.080% | $79K | $174K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0011% | 8h | 93.200 | −0.154% | $318.9M | $283.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0016% | 4h | 93.232 | −0.120% | — | $54.3M | — | as long as short |
| Bullet HYPE-USD | +0.0027% | 1h | 93.285 | −0.063% | $111K | $579K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0044% | 4h | 93.236 | −0.116% | $88.1M | $82.4M | 100x | as long as short |
| Binance HYPEUSDT | +0.0044% | 4h | 93.236 | −0.116% | $380.1M | $905.2M | 75x | as long as short |
| Derive HYPE-PERP | +0.0058% | 1h | 93.257 | −0.093% | $16.2M | $7.6M | 10x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.190 | −0.165% | $212K | $1.2M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0062% | 4h | 93.437 | +0.099% | $5.1M | $29.9M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0064% | 8h | 93.208 | −0.146% | $114.9M | $315.1M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.224 | −0.129% | $16.4M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.315 | −0.031% | $3.1M | $11.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.329 | −0.016% | $65K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.271 | −0.079% | $397K | $177K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.397 | +0.057% | $339K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.360 | +0.017% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.284 | −0.064% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPElong | +0.0100% | 1h | 93.344 | long leg | $2.04B | $675.2M | 10x | |
| Pacifica HYPE | +0.0100% | 1h | 93.345 | +0.001% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.404 | +0.064% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTMshort | +0.0100% | 4h | 93.293 | −0.055% | $46.0M | $18.4M | 75x | |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.215 | −0.138% | $225.6M | $100.7M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.241 | −0.111% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.420 | +0.081% | $7.5M | $47.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.460 | +0.124% | $338K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.428 | +0.090% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.356 | +0.013% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.326 | −0.019% | $467K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.350 | +0.006% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.292 | −0.056% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.210 | −0.144% | $18.4M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.410 | +0.071% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.250 | −0.101% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.407 | +0.067% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.367 | +0.024% | $2.7M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0253% | 1h | 93.290 | −0.058% | $79K | $142K | 15x | as long as short |
| HTX HYPE-USDT | +0.0256% | 4h | 93.464 | +0.129% | $1.4M | $6.1M | 75x | as long as short |
| Kalshi KXHYPEPERP | +0.0260% | 8h | 93.305 | −0.042% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.314 | −0.032% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0457% | 1h | 93.402 | +0.062% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.377 | +0.036% | $20.8M | $30.0M | 50x | as long as short |
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bluefin HYPE-PERP
Bybit HYPEUSDT
BingX HYPE-USDT
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
Bulk HYPE-USD
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
HTX HYPE-USDT
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD