Settings8H · net · $10k
Funding arb · Price arb /

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.013%
Price spread now: BloFin against KuCoin−0.040%65s7-day average −0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.213%+$21 on $10k
Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.040%, 7d avg −0.001%
Together, before fees+0.319%+$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.040% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of −0.001%). If the spread goes back, that is −$4 on $10k: about 3.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.213% in total) that is about 31 hours. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPERUSDTM0.074180.0100pay 0.0050% / 4h1h 08m$116K$54K30x
ShortBloFin HYPER-USDT0.074150.0140get 0.0070% / 4h1h 08m$192K$14K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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

Profit calculator

Funding earned
$8.44
Price spread: −0.040% → −0.001%
−$3.98
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$19.54
Costs to cover
0.240%
Break-even
23.2 days
Slippage unknown: KuCoin: no order-book sample; BloFin: live order book, 30 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin no order-book sample
Sell BloFin live order book, 30 min ago2.02 bp23.6 bp −$2479.9 bp −$799doesn't fitdoesn't fit
KuCoin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPER on 10 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid HYPER+0.0100%1h0.07423+0.070%$72K$108K3xas long as short
Aster HYPERUSDT+0.0100%4h0.07423+0.066%$20K$2K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07417−0.012%$2.0M$2.1M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.07421+0.040%$1.2M$719K25xas long as short
Gate HYPER_USDT+0.0100%4h0.07410−0.108%$90K$30K50xas long as short
MEXC HYPER_USDT+0.0100%4h0.07417−0.013%$232K$118K20xas long as short
KuCoin HYPERUSDTMlong+0.0100%4h0.07418long leg$116K$54K30x
Bitget HYPERUSDT+0.0100%4h0.07417−0.013%$314K$171K50xas long as short
Variational Omni HYPER+0.0100%4h0.07410−0.112%$6K$1Kas long as short
BloFin HYPER-USDTshort+0.0140%4h0.07415−0.040%$192K$14K50x