Funding you earn now, next payment 01:00 UTC−0.0358%/8h= −39.2% APRpaid last 24h −0.069%
Price spread now: Hyperliquid against KuCoin−0.336%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$569as in the Funding arb table
Net, price: spread back to 7d avg − costs−$561as in the Price arb table
costs, in and out, $10k−$5405.400% of the position
Funding, last 7 days−0.293%−$29 on $10k
+Price spread, last 7 days+0.215%+$21 · spread now −0.336%, 7d avg −0.131%
=Together, before fees−0.078%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Hyperliquid is 0.206% cheaper against KuCoin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.131%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin STBLUSDTM | 0.02675 | 0.0458 | pay 0.0229% / 4h | 3h 33m | $1.1M | $233K | 20x |
| Short | Hyperliquid STBL | 0.02666 | 0.0100 | get 0.0013% / 1h | 33m 51s | $2.0M | $284K | 3x |
KuCoin STBLUSDTM
Hyperliquid STBLFunding 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
- −$75.18
- Price spread: −0.336% → −0.131%
- −$20.55
- Slippage, 4 orders
- −$519.04
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$635.77
- Costs to cover
- 5.400%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Hyperliquid: live order book, 7 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, 1 min ago | 14.95 bp | 213.8 bp −$214 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 2.43 bp | 48.2 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
STBL 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 STBL-USDT | +0.0089% | 4h | 0.02671 | −0.150% | $128K | $22K | 50x | as long as short |
| Lighter STBL | +0.0096% | 1h | 0.02661 | −0.523% | $80K | $2K | 3x | as long as short |
| Hyperliquid STBLshort | +0.0100% | 1h | 0.02666 | −0.336% | $2.0M | $284K | 3x | |
| Aster STBLUSDT | +0.0100% | 4h | 0.02663 | −0.465% | $89K | $6K | 5x | as long as short |
| Binance STBLUSDT | +0.0100% | 4h | 0.02672 | −0.112% | $1.9M | $2.2M | 50x | as long as short |
| Bybit STBLUSDT | +0.0100% | 4h | 0.02671 | −0.150% | $1.5M | $665K | 20x | as long as short |
| Gate STBL_USDT | +0.0100% | 4h | 0.02678 | +0.112% | $1.2M | $112K | 50x | as long as short |
| MEXC STBL_USDT | +0.0100% | 4h | 0.02672 | −0.112% | $374K | $149K | 100x | as long as short |
| BingX STBL-USDT | +0.0100% | 4h | 0.02673 | −0.075% | — | $6.6M | — | as long as short |
| Variational Omni STBL | +0.0100% | 4h | 0.02671 | −0.146% | $976 | $282 | — | as long as short |
BloFin STBL-USDT
Lighter STBL
Aster STBLUSDT
Binance STBLUSDT
Bybit STBLUSDT
Gate STBL_USDT
MEXC STBL_USDT
BingX STBL-USDT
Variational Omni STBLShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX STBL-USDT | +0.0100% | 4h | 0.02665 | −0.374% | $2K | $1.2M | 20x | as long as short |
| KuCoin STBLUSDTMlong | +0.0458% | 4h | 0.02675 | long leg | $1.1M | $233K | 20x |
SunX STBL-USDT