Funding you earn now, next payment 09:00 UTC−0.0369%/8h= −40.4% APRpaid last 24h −0.069%
Price spread now: BingX against Hyperliquid−0.107%7-day average −0.162% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$820.825% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 7 days+0.015%+$1 · spread now −0.107%, 7d avg −0.162%
=Together, before fees−0.058%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.056% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.107% now, against its 7-day average of −0.162%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.072% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid KAS | 0.04318 | 0.0469 | pay 0.0059% / 1h | 16m 14s | $2.8M | $1.1M | 3x |
| Short | BingX KAS-USDT | 0.04313 | 0.0100 | get 0.0050% / 4h | 3h 16m | — | $53.6M | — |
Hyperliquid KAS
BingX KAS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$77.45
- Price spread: −0.107% → −0.162%
- $5.57
- Slippage, 4 orders
- −$63.48
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$154.35
- Costs to cover
- 0.825%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; BingX: live order book, 8 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, 5 min ago | 4.19 bp | 33.7 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 3.50 bp | 18.1 bp −$18 | 43.7 bp −$437 | 227.2 bp −$22.7K | 449.5 bp −$224.8K |
KAS on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) KAS/USD | L +0.0010% / S −0.0008% | 1h | 0.04301 | −0.384% | $14K | — | 150x | as long as short |
| Injective KAS/USDC PERP | +0.0033% | 1h | 0.04361 | +1.005% | $45 | $154K | 5.5x | as long as short |
| Aster KASUSDT | +0.0100% | 4h | 0.04310 | −0.176% | $253K | $130K | 20x | as long as short |
| Binance KASUSDT | +0.0100% | 4h | 0.04312 | −0.130% | $3.9M | $13.1M | 75x | as long as short |
| Bybit KASUSDT | +0.0100% | 4h | 0.04309 | −0.199% | $10.9M | $7.8M | 50x | as long as short |
| Gate KAS_USDT | +0.0100% | 8h | 0.04306 | −0.269% | $2.1M | $1.8M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04315 | −0.060% | $29.5M | $5.3M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04313 | −0.113% | $4.5M | $7.1M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04309 | −0.199% | $11.8M | $3.0M | 50x | as long as short |
| BingX KAS-USDTshort | +0.0100% | 4h | 0.04313 | −0.107% | — | $53.6M | — |
gTrade (Gains Network) KAS/USD
Injective KAS/USDC PERP
Aster KASUSDT
Binance KASUSDT
Bybit KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KAS | +0.0100% | 4h | 0.04294 | −0.549% | $23K | $24K | — | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0282% / S −0.1996% | 1h | 0.04301 | −0.382% | $11K | — | 100x | as long as short |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04303 | −0.338% | $350K | $290K | 75x | as long as short |
| Hyperliquid KASlong | +0.0469% | 1h | 0.04318 | long leg | $2.8M | $1.1M | 3x | |
| Kraken Futures PF_KASUSD | +0.0705% | 1h | 0.04314 | −0.094% | $310K | $502K | 20x | as long as short |
Variational Omni KAS
GMX KAS/USD [WBTC.b-USDC]
BloFin KAS-USDT
Kraken Futures PF_KASUSD