Funding you earn now, next payment 22:00 UTC+0.0130%/8h= +14.3% APRpaid last 24h +0.046%
Price spread now: Hyperliquid against KuCoin+0.301%7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1181.177% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.301%, 7d avg +0.109%
=Together, before fees−0.021%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.192% dearer against KuCoin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.109%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin STXUSDTM | 0.3425 | 0.0100 | pay 0.0100% / 8h | 2h 05m | $2.4M | $1.8M | 50x |
| Short | Hyperliquid STX | 0.3435 | 0.0230 | get 0.0029% / 1h | 5m 56s | $1.5M | $1.0M | 5x |
KuCoin STXUSDTM
Hyperliquid STXFunding 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
- $27.39
- Price spread: +0.301% → +0.109%
- $19.22
- Slippage, 4 orders
- −$96.7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$71.1
- Costs to cover
- 1.177%
- Break-even
- 25.2 days
Slippage from KuCoin: live order book, 11 min ago; Hyperliquid: live order book, 5 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, 11 min ago | 7.33 bp | 36.7 bp −$37 | 139.9 bp −$1,399 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.47 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
STX 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSD | −0.1363% | 1h | 0.3422 | −0.076% | $76K | $159K | 20x | as long as short |
| Variational Omni STX | −0.0531% | 8h | 0.3399 | −0.747% | $806K | $306K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3427 | +0.061% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3441 | +0.467% | $4K | $148K | 12x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3428 | +0.081% | $128K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3428 | +0.082% | $8.0M | $20.2M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3423 | −0.058% | $8.7M | $7.6M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3426 | +0.029% | $2.4M | $6.7M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3425 | 0.000% | $600K | $443K | 50x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3428 | +0.088% | $6.3M | $1.5M | 50x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAP
Gate STX_USDT
MEXC STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin STXUSDTMlong | +0.0100% | 8h | 0.3425 | long leg | $2.4M | $1.8M | 50x | |
| Bitget STXUSDT | +0.0100% | 8h | 0.3424 | −0.029% | $4.9M | $2.0M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3426 | +0.029% | — | $15.8M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3403 | −0.642% | $57K | $684K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3430 | +0.131% | $181K | $585K | 10x | as long as short |
| BloFin STX-USDT | +0.0110% | 8h | 0.3429 | +0.117% | $431K | $238K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3429 | +0.110% | $5K | — | 100x | as long as short |
| Hyperliquid STXshort | +0.0230% | 1h | 0.3435 | +0.301% | $1.5M | $1.0M | 5x |
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
BloFin STX-USDT
GMX STX/USD [WBTC.b-USDC]