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

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%
Price spread now: Hyperliquid against KuCoin+0.021%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,058as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,082as in the Price arb table
costs, in and out, $10k−$1,07910.787% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.207%+$21 on $10k
Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.021%, 7d avg +0.056%
Together, before fees+0.314%+ Points / potential airdropHyperliquid: Season 2 · farm board+$31 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: Hyperliquid is 0.034% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPERUSDTM0.074530.0100pay 0.0050% / 4h1h 57m$101K$54K30x
ShortHyperliquid HYPER0.074550.0100get 0.0013% / 1h57m 32s$73K$109K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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

Funding earned
$0
Price spread: +0.021% → +0.056%
−$3.4
Slippage, 4 orders
−$1,057.72
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$1,082.12
Costs to cover
10.787%
Break-even
never at this rate
Slippage from KuCoin: live order book, 43 min ago; Hyperliquid: live order book, 49 min ago.

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 live order book, 43 min ago14.11 bp815.0 bp −$815doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 49 min ago0.61 bp18.0 bp −$18doesn't fitdoesn't fitdoesn't fit

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 HYPERshort+0.0100%1h0.07455+0.021%$73K$109K3x
Aster HYPERUSDT+0.0100%4h0.07455+0.022%$20K$2K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07449−0.053%$2.0M$2.1M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.07452−0.013%$1.2M$710K25xas long as short
Gate HYPER_USDT+0.0100%4h0.07450−0.040%$90K$29K50xas long as short
MEXC HYPER_USDT+0.0100%4h0.07449−0.054%$233K$114K20xas long as short
KuCoin HYPERUSDTMlong+0.0100%4h0.07453long leg$101K$54K30x
Bitget HYPERUSDT+0.0100%4h0.07452−0.013%$320K$192K50xas long as short
Variational Omni HYPER+0.0100%4h0.07453−0.003%$6K$1Kas long as short
BloFin HYPER-USDT+0.0124%4h0.07457+0.054%$192K$14K50xas long as short