Funding you earn now, next payment 00:00 UTC−0.0224%/8h= −24.5% APRnext payment −$1.12 per $10,000 · paid last 24h −0.002%
Price spread now: KuCoin against Bybit−0.162%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$550as in the Funding arb table
Net, price: spread back to 7d avg − costs−$539as in the Price arb table
costs, in and out, $10k−$5295.288% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.162%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.106% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.055%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HYPERUSDT | 0.07430 | 0.0100 | pay 0.0050% / 4h | 1h 20m | $1.2M | $699K | 25x |
| Short | KuCoin HYPERUSDTM | 0.07418 | −0.0124 | pay 0.0062% / 4h | 1h 20m | $127K | $93K | 30x |
Bybit HYPERUSDT
KuCoin HYPERUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- −$47.04
- Price spread: −0.162% → −0.055%
- −$10.62
- Slippage, 4 orders
- −$505.76
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$586.42
- Costs to cover
- 5.288%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 44 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 Bybit live order book, 1 min ago | 4.71 bp | 26.9 bp −$27 | 307.0 bp −$3,070 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 44 min ago | 14.87 bp | 219.1 bp −$219 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HYPERUSDTMshort | −0.0124% | 4h | 0.07418 | −0.162% | $127K | $93K | 30x | |
| Gate HYPER_USDT | +0.0022% | 4h | 0.07420 | −0.135% | $90K | $46K | 50x | as long as short |
| Hyperliquid HYPER | +0.0100% | 1h | 0.07427 | −0.035% | $71K | $119K | 3x | as long as short |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07432 | +0.026% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07424 | −0.083% | $2.0M | $2.1M | 50x | as long as short |
| Bybit HYPERUSDTlong | +0.0100% | 4h | 0.07430 | long leg | $1.2M | $699K | 25x | |
| MEXC HYPER_USDT | +0.0100% | 4h | 0.07428 | −0.027% | $255K | $131K | 20x | as long as short |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07431 | +0.013% | $310K | $258K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07436 | +0.075% | $7K | $1K | — | as long as short |
| BloFin HYPER-USDT | +0.0124% | 4h | 0.07427 | −0.040% | $190K | $22K | 50x | as long as short |
Gate HYPER_USDT
Hyperliquid HYPER
Aster HYPERUSDT
Binance HYPERUSDT
MEXC HYPER_USDT
Bitget HYPERUSDT
Variational Omni HYPER
BloFin HYPER-USDT