Funding you earn now, next payment 03:00 UTC−0.0310%/8h= −33.9% APRpaid last 24h −0.014%
Price spread now: KuCoin against Hyperliquid−0.111%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,104as in the Price arb table
costs, in and out, $10k−$1,09810.984% of the position
Funding, last 7 days−0.248%−$25 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.111%, 7d avg −0.055%
=Together, before fees−0.335%+ Points / potential airdropHyperliquid: Season 2 · farm board−$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.057% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 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 | Hyperliquid HYPER | 0.07537 | 0.0100 | pay 0.0013% / 1h | 40m 34s | $72K | $134K | 3x |
| Short | KuCoin HYPERUSDTM | 0.07529 | −0.0210 | pay 0.0105% / 4h | 1h 40m | $107K | $104K | 30x |
Hyperliquid HYPER
KuCoin HYPERUSDTMFunding 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
- −$65.1
- Price spread: −0.111% → −0.055%
- −$5.68
- Slippage, 4 orders
- −$1,077.37
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,169.15
- Costs to cover
- 10.984%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 59 min ago; KuCoin: live order book, 48 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, 59 min ago | 1.87 bp | 22.4 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 48 min ago | 21.15 bp | 226.6 bp −$227 | 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 | −0.0210% | 4h | 0.07529 | −0.111% | $107K | $104K | 30x | |
| Hyperliquid HYPERlong | +0.0100% | 1h | 0.07537 | long leg | $72K | $134K | 3x | |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07546 | +0.110% | $21K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07538 | +0.008% | $2.0M | $2.2M | 50x | as long as short |
| Bybit HYPERUSDT | +0.0100% | 4h | 0.07537 | −0.005% | $1.2M | $825K | 25x | as long as short |
| Gate HYPER_USDT | +0.0100% | 4h | 0.07540 | +0.034% | $88K | $48K | 50x | as long as short |
| MEXC HYPER_USDT | +0.0100% | 4h | 0.07536 | −0.019% | $240K | $129K | 20x | as long as short |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07540 | +0.034% | $312K | $283K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07533 | −0.065% | $6K | $1K | — | as long as short |
| BloFin HYPER-USDT | +0.0143% | 4h | 0.07525 | −0.165% | $194K | $21K | 50x | as long as short |
Aster HYPERUSDT
Binance HYPERUSDT
Bybit HYPERUSDT
Gate HYPER_USDT
MEXC HYPER_USDT
Bitget HYPERUSDT
Variational Omni HYPER
BloFin HYPER-USDT