Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.095%
Price spread now: KuCoin against Hyperliquid+0.050%7-day average −0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1691.686% of the position
Funding, last 7 days−0.180%−$18 on $10k
+Price spread, last 7 days−0.164%−$16 · spread now +0.050%, 7d avg −0.130%
=Together, before fees−0.344%+ Points / potential airdropHyperliquid: Season 2 · farm board−$34 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.180% dearer against Hyperliquid than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.130%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SPX | 0.4985 | 0.0100 | pay 0.0013% / 1h | 6m 26s | $9.7M | $7.3M | 5x |
| Short | KuCoin SPXUSDTM | 0.4988 | 0.0100 | get 0.0050% / 4h | 2h 06m | $3.7M | $5.2M | 50x |
Hyperliquid SPX
KuCoin SPXUSDTMFunding 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
- $0
- Price spread: +0.050% → −0.130%
- $17.98
- Slippage, 4 orders
- −$147.59
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$150.61
- Costs to cover
- 1.686%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; KuCoin: live order book, 1 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 | 2.09 bp | 20.1 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 2.00 bp | 54.5 bp −$55 | 282.8 bp −$2,828 | doesn't fit | doesn't fit |
SPX on 19 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_SPXUSD | −0.0416% | 1h | 0.4992 | +0.139% | $231K | $560K | 20x | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | −0.130% | $9 | $4K | 5.5x | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.4988 | +0.052% | $115K | $319K | 5x | as long as short |
| Variational Omni SPX | +0.0100% | 4h | 0.5010 | +0.489% | $874K | $1.3M | — | as long as short |
| Hyperliquid SPXlong | +0.0100% | 1h | 0.4985 | long leg | $9.7M | $7.3M | 5x | |
| Aster SPXUSDT | +0.0100% | 4h | 0.4989 | +0.078% | $123K | $99K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.4989 | +0.075% | $4.9M | $19.6M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.4986 | +0.010% | $11.6M | $15.5M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.4987 | +0.030% | $966K | $2.6M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.4981 | −0.090% | $1.0M | $479K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERP
Lighter SPX
Variational Omni SPX
Aster SPXUSDT
Binance SPXUSDT
Bybit SPXUSDT
OKX SPX-USDT-SWAP
Gate SPX_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SPX_USDT | +0.0100% | 4h | 0.4986 | +0.010% | $11.4M | $4.6M | 100x | as long as short |
| KuCoin SPXUSDTMshort | +0.0100% | 4h | 0.4988 | +0.050% | $3.7M | $5.2M | 50x | |
| Bitget SPXUSDT | +0.0100% | 4h | 0.4987 | +0.030% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.4988 | +0.050% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5001 | +0.311% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.4995 | +0.191% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.4993 | +0.150% | $8K | $1.6M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.4981 | −0.083% | $34K | $226K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.4996 | +0.211% | $251K | $907K | 75x | as long as short |
MEXC SPX_USDT
Bitget SPXUSDT
BingX SPX-USDT
ApeX Omni SPXUSDT
Orderly PERP_SPX_USDC
SunX SPX-USDT
Extended SPX-USD
BloFin SPX-USDT