Funding you earn now, next payment 06:00 UTC−0.0278%/8h= −30.5% APRpaid last 24h −0.221%
Price spread now: KuCoin against Hyperliquid−0.062%7-day average −0.096% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.187%−$19 on $10k
+Price spread, last 7 days+0.011%+$1 · spread now −0.062%, 7d avg −0.096%
=Together, before fees−0.176%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.034% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.096%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.187% in total) that is about 31 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.187% in total (about -9.7% 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 POPCAT | 0.05629 | 0.0378 | pay 0.0047% / 1h | 49m 09s | $2.6M | $1.1M | 3x |
| Short | KuCoin POPCATUSDTM | 0.05626 | 0.0100 | get 0.0050% / 4h | 2h 49m | $1.1M | $988K | 50x |
Hyperliquid POPCAT
KuCoin POPCATUSDTMFunding 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
- −$58.4
- Price spread: −0.062% → −0.096%
- $3.42
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$75.98
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; KuCoin: live order book, 11 min ago. Net counts fees only.
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, 2 min ago | 1.59 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 13.31 bp | 197.7 bp −$198 | 728.5 bp −$7,285 | doesn't fit | doesn't fit |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.4088% | 1h | 0.05563 | −1.181% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05623 | −0.114% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0094% | 4h | 0.05622 | −0.133% | $506K | $148K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05623 | −0.115% | $101K | $56K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05629 | −0.011% | $2.5M | $7.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05616 | −0.240% | $8.8M | $6.7M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05622 | −0.133% | $689K | $1.6M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05625 | −0.080% | $445K | $634K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05628 | −0.027% | $1.8M | $995K | 200x | as long as short |
| KuCoin POPCATUSDTMshort | +0.0100% | 4h | 0.05626 | −0.062% | $1.1M | $988K | 50x |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05627 | −0.044% | $1.2M | $949K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05619 | −0.187% | — | $6.8M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05644 | +0.251% | $251K | $502K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05640 | +0.187% | $22K | $654K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05621 | −0.143% | $97K | $405K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05628 | −0.027% | $129K | $328K | 50x | as long as short |
| Hyperliquid POPCATlong | +0.0378% | 1h | 0.05629 | long leg | $2.6M | $1.1M | 3x | |
| Kraken Futures PF_POPCATUSD | +0.0410% | 1h | 0.05623 | −0.115% | $150K | $146K | 20x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Kraken Futures PF_POPCATUSD