Funding you earn now, next payment 04:00 UTC+0.0501%/8h= +54.9% APRpaid last 24h +0.109%
Price spread now: Hyperliquid against KuCoin+0.207%7-day average +0.195% · you sell dearer than you buy
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$268as in the Price arb table
costs, in and out, $10k−$2692.688% of the position
Funding, last 7 days+0.171%+$17 on $10k
+Price spread, last 4 days (all we have)+0.297%+$30 · spread now +0.207%, 7d avg +0.195%
=Together, before fees+0.468%+ Points / potential airdropHyperliquid: Season 2 · farm board+$47 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.195%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.171% in total (about 8.9% 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 | KuCoin REZUSDTM | 0.003867 | 0.0100 | pay 0.0050% / 4h | 22m 11s | $452K | $81K | 30x |
| Short | Hyperliquid REZ | 0.003875 | 0.0601 | get 0.0075% / 1h | 22m 11s | $1.6M | $494K | 3x |
KuCoin REZUSDTM
Hyperliquid REZFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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
- $105.26
- Price spread: +0.207% → +0.195%
- $1.17
- Slippage, 4 orders
- −$247.84
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$162.41
- Costs to cover
- 2.688%
- Break-even
- 17.8 days
Slippage from KuCoin: live order book, 60 min ago; Hyperliquid: 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 KuCoin live order book, 60 min ago | 11.56 bp | 99.3 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 3.86 bp | 24.3 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
REZ 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin REZ-USDT | +0.0082% | 4h | 0.003864 | −0.078% | $321K | $47K | 50x | as long as short |
| Aster REZUSDT | +0.0100% | 4h | 0.003868 | +0.035% | $18K | $35K | 5x | as long as short |
| Binance REZUSDT | +0.0100% | 4h | 0.003868 | +0.038% | $4.9M | $8.5M | 50x | as long as short |
| Bybit REZUSDT | +0.0100% | 4h | 0.003873 | +0.155% | $1.4M | $974K | 25x | as long as short |
| MEXC REZ_USDT | +0.0100% | 4h | 0.003867 | 0.000% | $1.4M | $411K | 50x | as long as short |
| KuCoin REZUSDTMlong | +0.0100% | 4h | 0.003867 | long leg | $452K | $81K | 30x | |
| Bitget REZUSDT | +0.0100% | 4h | 0.003868 | +0.026% | $589K | $1.2M | 50x | as long as short |
| BingX REZ-USDT | +0.0100% | 4h | 0.003869 | +0.052% | — | $6.6M | — | as long as short |
| Variational Omni REZ | +0.0100% | 4h | 0.003864 | −0.070% | $78K | $38K | — | as long as short |
| Gate REZ_USDT | +0.0106% | 4h | 0.003870 | +0.078% | $397K | $111K | 10x | as long as short |
BloFin REZ-USDT
Aster REZUSDT
Binance REZUSDT
Bybit REZUSDT
MEXC REZ_USDT
Bitget REZUSDT
BingX REZ-USDT
Variational Omni REZ
Gate REZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_REZUSD | +0.0304% | 1h | 0.003865 | −0.064% | $44K | $10K | 10x | as long as short |
| Hyperliquid REZshort | +0.0601% | 1h | 0.003875 | +0.207% | $1.6M | $494K | 3x |
Kraken Futures PF_REZUSD