Funding arb · Price arb /

HYPER

all HYPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: KuCoin against Binance−0.084%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$598as in the Funding arb table

Net, price: spread back to 7d avg − costs−$584as in the Price arb table

costs, in and out, $10k−$5785.775% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.206%−$21 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now −0.084%, 7d avg −0.018%

Together, before fees−0.317%−$32 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 0.066% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYPERUSDT	0.07464	0.0100	pay 0.0050% / 4h	3h 45m	$2.0M	$2.4M	50x
Short	KuCoin HYPERUSDTM	0.07458	0.0100	get 0.0050% / 4h	3h 45m	$101K	$89K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.018%: −$6.64
Slippage, 4 orders: −$555.53
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$584.17
Costs to cover: 5.775%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 38 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 Binance live order book, 4 min ago	0.67 bp	20.0 bp −$20	108.6 bp −$1,086	doesn't fit	doesn't fit
Sell KuCoin live order book, 38 min ago	10.09 bp	201.8 bp −$202	doesn't fit	doesn't fit	doesn't fit

HYPER on 10 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
Bybit HYPERUSDT	−0.0016%	4h	0.07465	+0.009%	$1.2M	$768K	25x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07466	+0.021%	$74K	$126K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07474	+0.126%	$20K	$4K	5x	as long as short
Binance HYPERUSDTlong	+0.0100%	4h	0.07464	long leg	$2.0M	$2.4M	50x
Gate HYPER_USDT	+0.0100%	4h	0.07460	−0.058%	$91K	$33K	50x	as long as short
MEXC HYPER_USDT	+0.0100%	4h	0.07464	−0.004%	$236K	$123K	20x	as long as short
KuCoin HYPERUSDTMshort	+0.0100%	4h	0.07458	−0.084%	$101K	$89K	30x
Bitget HYPERUSDT	+0.0100%	4h	0.07471	+0.090%	$309K	$269K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07459	−0.067%	$6K	$1K	—	as long as short
BloFin HYPER-USDT	+0.0128%	4h	0.07461	−0.044%	$191K	$14K	50x	as long as short