Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against KuCoin−0.074%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$938as in the Funding arb table
Net, price: spread back to 7d avg − costs−$943as in the Price arb table
costs, in and out, $10k−$9389.380% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.074%, 7d avg −0.020%
=Together, before fees−0.010%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 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 0.054% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USUALUSDTM | 0.01357 | 0.0100 | pay 0.0050% / 4h | 1h 13m | $281K | $61K | 20x |
| Short | Hyperliquid USUAL | 0.01356 | 0.0100 | get 0.0013% / 1h | 13m 23s | $387K | $226K | 3x |
KuCoin USUALUSDTM
Hyperliquid USUALFunding 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: −0.074% → −0.020%
- −$5.39
- Slippage, 4 orders
- −$916.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$943.38
- Costs to cover
- 9.380%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 57 min ago; Hyperliquid: live order book, 57 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, 57 min ago | 29.45 bp | 282.0 bp −$282 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 57 min ago | 3.69 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4025% | 1h | 0.01335 | −1.621% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0707% | 1h | 0.01354 | −0.222% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUALshort | +0.0100% | 1h | 0.01356 | −0.074% | $387K | $226K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01355 | −0.162% | $2.1M | $3.4M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01356 | −0.074% | $1.0M | $865K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01356 | −0.074% | $905K | $213K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01355 | −0.147% | $5.9M | $260K | 100x | as long as short |
| KuCoin USUALUSDTMlong | +0.0100% | 4h | 0.01357 | long leg | $281K | $61K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01357 | 0.000% | $820K | $474K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01357 | −0.022% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01355 | −0.160% | $9K | $208 | — | as long as short |
Variational Omni USUAL