Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.088%
Price spread now: Hyperliquid against KuCoin+0.034%7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1901.900% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 7 days+0.065%+$6 · spread now +0.034%, 7d avg +0.129%
=Together, before fees+0.244%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 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: Hyperliquid is 0.095% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.129%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SPXUSDTM | 0.4976 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $3.7M | $5.2M | 50x |
| Short | Hyperliquid SPX | 0.4978 | 0.0100 | get 0.0013% / 1h | 18m 02s | $9.6M | $7.5M | 5x |
KuCoin SPXUSDTM
Hyperliquid SPXFunding 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
- $0
- Price spread: +0.034% → +0.129%
- −$9.46
- Slippage, 4 orders
- −$168.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$199.41
- Costs to cover
- 1.900%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 4 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, 5 min ago | 2.98 bp | 92.1 bp −$92 | 431.0 bp −$4,310 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 2.08 bp | 16.2 bp −$16 | doesn't fit | 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 | −0.1259% | 1h | 0.4978 | +0.032% | $232K | $554K | 20x | as long as short |
| Injective SPX/USDC PERP | +0.0033% | 1h | 0.4979 | +0.060% | $9 | $4K | 5.5x | as long as short |
| Variational Omni SPX | +0.0053% | 4h | 0.5034 | +1.163% | $848K | $1.3M | — | as long as short |
| Lighter SPX | +0.0096% | 1h | 0.4979 | +0.064% | $114K | $319K | 5x | as long as short |
| Hyperliquid SPXshort | +0.0100% | 1h | 0.4978 | +0.034% | $9.6M | $7.5M | 5x | |
| Aster SPXUSDT | +0.0100% | 4h | 0.4977 | +0.015% | $125K | $107K | 10x | as long as short |
| Binance SPXUSDT | +0.0100% | 4h | 0.4976 | −0.004% | $4.9M | $20.5M | 75x | as long as short |
| Bybit SPXUSDT | +0.0100% | 4h | 0.4963 | −0.261% | $11.6M | $15.7M | 50x | as long as short |
| OKX SPX-USDT-SWAP | +0.0100% | 4h | 0.4963 | −0.261% | $981K | $2.7M | 20x | as long as short |
| Gate SPX_USDT | +0.0100% | 4h | 0.4975 | −0.020% | $1.0M | $488K | 50x | as long as short |
Kraken Futures PF_SPXUSD
Injective SPX/USDC PERP
Variational Omni SPX
Lighter 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 | 0.4981 | +0.100% | $11.2M | $4.6M | 100x | as long as short |
| KuCoin SPXUSDTMlong | +0.0100% | 4h | 0.4976 | long leg | $3.7M | $5.2M | 50x | |
| Bitget SPXUSDT | +0.0100% | 4h | 0.4976 | 0.000% | $2.6M | $1.4M | 50x | as long as short |
| BingX SPX-USDT | +0.0100% | 4h | 0.4979 | +0.060% | — | $6.9M | — | as long as short |
| ApeX Omni SPXUSDT | +0.0100% | 1h | 0.5027 | +1.025% | $45K | $248K | 25x | as long as short |
| Orderly PERP_SPX_USDC | +0.0100% | 4h | 0.4985 | +0.181% | $20K | $711 | 10x | as long as short |
| SunX SPX-USDT | +0.0100% | 4h | 0.4971 | −0.100% | $8K | $1.7M | 20x | as long as short |
| Extended SPX-USD | +0.0104% | 1h | 0.4975 | −0.030% | $34K | $228K | 10x | as long as short |
| BloFin SPX-USDT | +0.0340% | 4h | 0.4973 | −0.060% | $252K | $939K | 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