Funding you earn now, next payment 07:00 UTC−0.0282%/8h= −30.8% APRpaid last 24h −0.016%
Price spread now: KuCoin against Hyperliquid+0.020%7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1111.113% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now +0.020%, 7d avg −0.063%
=Together, before fees−0.248%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.083% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.063%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.151% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -7.9% 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 MON | 0.02509 | 0.0382 | pay 0.0048% / 1h | 5m 52s | $33.9M | $7.8M | 5x |
| Short | KuCoin MONUSDTM | 0.02510 | 0.0100 | get 0.0050% / 4h | 1h 05m | $2.9M | $767K | 75x |
Hyperliquid MON
KuCoin MONUSDTMFunding 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
- −$59.16
- Price spread: +0.020% → −0.063%
- $8.32
- Slippage, 4 orders
- −$90.31
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$162.14
- Costs to cover
- 1.113%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; KuCoin: live order book, 6 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, 7 min ago | 1.20 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 15.95 bp | 58.8 bp −$59 | 482.3 bp −$4,823 | doesn't fit | doesn't fit |
MON on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MON | 0.0000% | 1h | 0.02500 | −0.391% | $13K | $353K | 5x | as long as short |
| Perpl MON | 0.0000% | 43m | 0.02503 | −0.255% | $126K | $2.2M | 10x | as long as short |
| Orderly PERP_MON_USDC | +0.0088% | 4h | 0.02506 | −0.139% | $16K | $48K | 10x | as long as short |
| Lighter MON | +0.0096% | 1h | 0.02507 | −0.100% | $804K | $787K | 10x | as long as short |
| Bybit MONUSDT | +0.0099% | 8h | 0.02504 | −0.219% | $20.8M | $13.8M | 50x | as long as short |
| Paradex MON-USD-PERP | +0.0100% | 8h | 0.02506 | −0.132% | $8K | $42 | 5x | as long as short |
| Nado MON-PERP | +0.0100% | 1h | 0.02510 | +0.023% | $394K | $575K | 10x | as long as short |
| Aster MONUSDT | +0.0100% | 4h | 0.02506 | −0.155% | $99K | $213K | 10x | as long as short |
| dYdX MON-USD | +0.0100% | 1h | 0.02503 | −0.257% | $13K | — | 5x | as long as short |
| Pacifica MON | +0.0100% | 1h | 0.02507 | −0.112% | $139K | $91K | 3x | as long as short |
Phoenix MON
Perpl MON
Orderly PERP_MON_USDC
Lighter MON
Bybit MONUSDT
Paradex MON-USD-PERP
Nado MON-PERP
Aster MONUSDT
dYdX MON-USD
Pacifica MONShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MONUSDT | +0.0100% | 4h | 0.02505 | −0.180% | $23.8M | $27.5M | 75x | as long as short |
| OKX MON-USDT-SWAP | +0.0100% | 4h | 0.02504 | −0.219% | $4.2M | $6.2M | 50x | as long as short |
| Bulk MON-USD | +0.0100% | 1h | 0.02500 | −0.379% | $103K | −$0 | 10x | as long as short |
| Gate MON_USDT | +0.0100% | 4h | 0.02506 | −0.139% | $934K | $1.0M | 50x | as long as short |
| KuCoin MONUSDTMshort | +0.0100% | 4h | 0.02510 | +0.020% | $2.9M | $767K | 75x | |
| Bitget MONUSDT | +0.0100% | 4h | 0.02508 | −0.060% | $2.7M | $2.3M | 25x | as long as short |
| Backpack MON_USDC_PERP | +0.0100% | 1h | 0.02508 | −0.064% | $110K | $156K | 10x | as long as short |
| Variational Omni MON | +0.0100% | 8h | 0.02499 | −0.437% | $741K | $411K | — | as long as short |
| edgeX MONUSDC | +0.0100% | 4h | 0.02499 | −0.417% | $41K | $250K | 10x | as long as short |
| GRVT MON_USDT_Perp | +0.0100% | 4h | 0.02501 | −0.339% | $564K | $1.5M | 10x | as long as short |
| ApeX Omni MONUSDT | +0.0100% | 1h | 0.02502 | −0.299% | $68K | $535K | 50x | as long as short |
| SoDEX MON-USD | +0.0100% | 1h | 0.02506 | −0.139% | $5K | $6K | 5x | as long as short |
| Extended MON-USD | +0.0104% | 1h | 0.02509 | −0.008% | $47K | $268K | 10x | as long as short |
| Aevo MON-PERP | +0.0104% | 1h | 0.02506 | −0.143% | $38K | — | 3x | as long as short |
| Injective MON/USDC PERP | +0.0109% | 1h | 0.02500 | −0.379% | $5K | $113 | 5.5x | as long as short |
| Deribit MON_USDC-PERPETUAL | +0.0229% | 1h | 0.02507 | −0.108% | $73K | $138K | 25x | as long as short |
| GMX MON/USD [ETH-USDC] | L +0.0230% / S −0.0246% | 1h | 0.02503 | −0.243% | $6K | — | 50x | as long as short |
| 01 Exchange MONUSD | +0.0264% | 1h | 0.02510 | +0.032% | $6K | $3K | 5x | as long as short |
| BloFin MON-USDT | +0.0340% | 4h | 0.02499 | −0.418% | $1.3M | $347K | 75x | as long as short |
| Hyperliquid MONlong | +0.0382% | 1h | 0.02509 | long leg | $33.9M | $7.8M | 5x | |
| Aftermath Perps MONUSD | +0.0417% | 1h | 0.02503 | −0.258% | $6K | $100K | 10x | as long as short |
| Coinbase International MON-PERP-INTX | +0.0576% | 1h | 0.02511 | +0.068% | $110K | $53K | 50x | as long as short |
| Kraken Futures PF_MONUSD | +0.0843% | 1h | 0.02508 | −0.074% | $269K | $119K | 10x | as long as short |
Binance MONUSDT
OKX MON-USDT-SWAP
Bulk MON-USD
Gate MON_USDT
Bitget MONUSDT
Backpack MON_USDC_PERP
Variational Omni MON
edgeX MONUSDC
GRVT MON_USDT_Perp
ApeX Omni MONUSDT
SoDEX MON-USD
Extended MON-USD
Aevo MON-PERP
Injective MON/USDC PERP
Deribit MON_USDC-PERPETUAL
GMX MON/USD [ETH-USDC]
01 Exchange MONUSD
BloFin MON-USDT
Aftermath Perps MONUSD
Coinbase International MON-PERP-INTX
Kraken Futures PF_MONUSD