Funding you earn now, next payment 00:00 UTC−0.0408%/8h= −44.7% APRpaid last 24h −0.074%
Price spread now: KuCoin against Hyperliquid−0.057%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$750.747% of the position
Funding, last 7 days−0.267%−$27 on $10k
+Price spread, last 7 days−0.078%−$8 · spread now −0.057%, 7d avg −0.088%
=Together, before fees−0.345%+ Points / potential airdropHyperliquid: Season 2 · farm board−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.031% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.057% now, against its 7-day average of −0.088%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.267% in total) that is about 19 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.267% in total (about -13.9% 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 LIT | 4.7470 | 0.0206 | pay 0.0026% / 1h | 26m 05s | $212.9M | $44.9M | 5x |
| Short | KuCoin LITUSDTM | 4.7443 | −0.0202 | pay 0.0101% / 4h | 26m 05s | $5.2M | $1.1M | 30x |
Hyperliquid LIT
KuCoin LITUSDTMFunding 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
- −$85.72
- Price spread: −0.057% → −0.088%
- $3.1
- Slippage, 4 orders
- −$53.67
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$157.3
- Costs to cover
- 0.747%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; KuCoin: live order book, 2 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, 8 min ago | 0.10 bp | 9.0 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 5.48 bp | 27.5 bp −$28 | 139.4 bp −$1,394 | doesn't fit | doesn't fit |
LIT on 42 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate LIT_USDT | −0.0852% | 4h | 4.7430 | −0.084% | $2.8M | $4.5M | 50x | as long as short |
| Deribit LIT_USDC-PERPETUAL | −0.0777% | 1h | 4.7387 | −0.174% | $42K | $40K | 10x | as long as short |
| Orderly PERP_LIT_USDC | −0.0577% | 4h | 4.7329 | −0.297% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0560% | 1h | 4.7374 | −0.202% | $33K | $4K | 5x | as long as short |
| OKX LIT-USDT-SWAP | −0.0402% | 4h | 4.7380 | −0.190% | $25.7M | $63.8M | 50x | as long as short |
| Phemex LITUSDT | −0.0343% | 4h | 4.7370 | −0.211% | $1.4M | $2.7M | 20x | as long as short |
| Bullet LIT-USD | −0.0327% | 1h | 4.7401 | −0.145% | $85K | $80K | 20x | as long as short |
| KuCoin LITUSDTMshort | −0.0202% | 4h | 4.7443 | −0.057% | $5.2M | $1.1M | 30x | |
| Coinbase International LIT-PERP-INTX | −0.0120% | 1h | 4.7608 | +0.291% | $673K | $402K | 50x | as long as short |
| GRVT LIT_USDT_Perp | −0.0108% | 4h | 4.7364 | −0.224% | $900K | $1.8M | 10x | as long as short |
Gate LIT_USDT
Deribit LIT_USDC-PERPETUAL
Orderly PERP_LIT_USDC
01 Exchange LITUSD
OKX LIT-USDT-SWAP
Phemex LITUSDT
Bullet LIT-USD
Coinbase International LIT-PERP-INTX
GRVT LIT_USDT_PerpShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix LIT | −0.0050% | 1h | 4.7369 | −0.213% | $206K | $353K | 5x | as long as short |
| Bybit LITUSDT | −0.0025% | 4h | 4.7374 | −0.202% | $42.7M | $30.0M | 75x | as long as short |
| Perpl LIT | 0.0000% | 43m | 4.7449 | −0.045% | $31K | $840K | 33x | as long as short |
| dYdX LIT-USD | +0.0001% | 1h | 4.7494 | +0.050% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7442 | −0.059% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0012% | 1h | 4.7472 | +0.003% | $817K | $2.1M | 5x | as long as short |
| Paradex LIT-USD-PERP | +0.0024% | 8h | 4.7430 | −0.084% | $7K | $2K | 5x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.201% | $422 | $178K | 5.5x | as long as short |
| edgeX LITUSDC | +0.0086% | 4h | 4.7392 | −0.164% | $288K | $312K | 10x | as long as short |
| MEXC LIT_USDT | +0.0092% | 4h | 4.7368 | −0.215% | $5.5M | $4.1M | 100x | as long as short |
| Binance LITUSDT | +0.0095% | 4h | 4.7351 | −0.250% | $75.5M | $81.6M | 75x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7458 | −0.025% | $59.7M | $30.0M | 5x | as long as short |
| Nado LIT-PERP | +0.0100% | 1h | 4.7428 | −0.087% | $2.2M | $1.7M | 10x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7472 | +0.004% | $12.7M | $2.4M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7489 | +0.039% | $591K | $1.7M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7446 | −0.051% | $120K | $456K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7353 | −0.246% | $118K | $4K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7400 | −0.147% | $6.7M | $2.8M | 20x | as long as short |
| Backpack LIT_USDC_PERP | +0.0100% | 1h | 4.7421 | −0.103% | $673K | $1.4M | 5x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7460 | −0.021% | $56K | $77K | 50x | as long as short |
| Polymarket Perps LIT-USD | +0.0100% | 1h | 4.7438 | −0.067% | $448K | $105K | 10x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7420 | −0.106% | $2K | — | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7443 | −0.057% | $4K | $1.2M | 20x | as long as short |
| SoDEX LIT-USD | +0.0100% | 1h | 4.7405 | −0.137% | $984 | $466K | 5x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7600 | +0.274% | $190K | $330K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7395 | −0.159% | $5.2M | $5.1M | 25x | as long as short |
| Aevo LIT-PERP | +0.0104% | 1h | 4.7375 | −0.200% | $148K | $44K | 3x | as long as short |
| Aftermath Perps LITUSD | +0.0182% | 1h | 4.7478 | +0.017% | $13K | $203K | 10x | as long as short |
| Lighter RH LIT | +0.0184% | 1h | 4.7478 | +0.017% | $3.7M | $13.9M | 5x | as long as short |
| Hyperliquid LITlong | +0.0206% | 1h | 4.7470 | long leg | $212.9M | $44.9M | 5x | |
| BloFin LIT-USDT | +0.0332% | 4h | 4.7457 | −0.027% | $1.6M | $2.1M | 75x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0377% / S −0.0169% | 1h | 4.7431 | −0.082% | $62K | — | 50x | as long as short |
Phoenix LIT
Bybit LITUSDT
Perpl LIT
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Paradex LIT-USD-PERP
Injective LIT/USDC PERP
edgeX LITUSDC
MEXC LIT_USDT
Binance LITUSDT
Lighter LIT
Nado LIT-PERP
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
Backpack LIT_USDC_PERP
ApeX Omni LITUSDT
Polymarket Perps LIT-USD
Derive LIT-PERP
SunX LIT-USDT
SoDEX LIT-USD
HTX LIT-USDT
Extended LIT-USD
Aevo LIT-PERP
Aftermath Perps LITUSD
Lighter RH LIT
BloFin LIT-USDT
GMX LIT/USD [ETH-USDC]