Funding you earn now, next payment 22:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.035%
Price spread now: KuCoin against Hyperliquid−0.150%7-day average +0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$252as in the Price arb table
costs, in and out, $10k−$2292.293% of the position
Funding, last 7 days+0.308%+$31 on $10k
+Price spread, last 4 days (all we have)+0.944%+$94 · spread now −0.150%, 7d avg +0.080%
=Together, before fees+1.252%+ Points / potential airdropHyperliquid: Season 2 · farm board+$125 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.229% cheaper against Hyperliquid than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.080%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.308%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MINA | 0.1268 | 0.0100 | pay 0.0013% / 1h | 5m 36s | $3.7M | $2.2M | 3x |
| Short | KuCoin MINAUSDTM | 0.1266 | −0.0007 | pay 0.0007% / 8h | 2h 05m | $767K | $507K | 30x |
Hyperliquid MINA
KuCoin MINAUSDTMFunding 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
- −$22.47
- Price spread: −0.150% → +0.080%
- −$22.95
- Slippage, 4 orders
- −$208.34
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$274.76
- Costs to cover
- 2.293%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; KuCoin: 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, 6 min ago | 1.57 bp | 26.0 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 14.54 bp | 92.4 bp −$92 | doesn't fit | doesn't fit | doesn't fit |
MINA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.0715% | 1h | 0.1268 | +0.018% | $25K | $87K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0495% | 4h | 0.1268 | +0.008% | $1.9M | $17.1M | 20x | as long as short |
| MEXC MINA_USDT | −0.0423% | 8h | 0.1267 | −0.039% | $1.2M | $1.5M | 50x | as long as short |
| Binance MINAUSDT | −0.0422% | 8h | 0.1267 | −0.039% | $4.4M | $34.1M | 50x | as long as short |
| BloFin MINA-USDT | −0.0395% | 8h | 0.1267 | −0.063% | $255K | $324K | 50x | as long as short |
| Bitget MINAUSDT | −0.0282% | 8h | 0.1267 | −0.055% | $1.8M | $3.9M | 50x | as long as short |
| Gate MINA_USDT | −0.0235% | 8h | 0.1266 | −0.142% | $410K | $984K | 50x | as long as short |
| Bybit MINAUSDT | −0.0108% | 4h | 0.1269 | +0.126% | $4.5M | $6.8M | 25x | as long as short |
| BingX MINA-USDT | −0.0057% | 8h | 0.1268 | −0.008% | — | $2.7M | — | as long as short |
| KuCoin MINAUSDTMshort | −0.0007% | 8h | 0.1266 | −0.150% | $767K | $507K | 30x |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
MEXC MINA_USDT
Binance MINAUSDT
BloFin MINA-USDT
Bitget MINAUSDT
Gate MINA_USDT
Bybit MINAUSDT
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINAlong | +0.0100% | 1h | 0.1268 | long leg | $3.7M | $2.2M | 3x | |
| Variational Omni MINA | +0.0100% | 4h | 0.1276 | +0.621% | $410K | $150K | — | as long as short |
Variational Omni MINA