Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid+0.339%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$321as in the Funding arb table
Net, price: spread back to 7d avg − costs−$290as in the Price arb table
costs, in and out, $10k−$3263.262% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)−0.822%−$82 · spread now +0.339%, 7d avg −0.028%
=Together, before fees−0.765%+ Points / potential airdropHyperliquid: Season 2 · farm board−$77 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 0.367% dearer against Hyperliquid than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of −0.028%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid W | 0.01181 | 0.0100 | pay 0.0013% / 1h | 54m 51s | $2.0M | $263K | 5x |
| Short | KuCoin WUSDTM | 0.01185 | 0.0100 | get 0.0050% / 4h | 2h 54m | $389K | $186K | 50x |
Hyperliquid W
KuCoin WUSDTMFunding 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: +0.339% → −0.028%
- $36.66
- Slippage, 4 orders
- −$305.17
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$289.51
- Costs to cover
- 3.262%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; KuCoin: live order book, 28 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 | 4.21 bp | 31.4 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 28 min ago | 21.12 bp | 131.3 bp −$131 | 279.0 bp −$2,790 | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0511% | 1h | 0.01182 | +0.085% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.371% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wlong | +0.0100% | 1h | 0.01181 | long leg | $2.0M | $263K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01181 | −0.003% | $3.0M | $4.9M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01180 | −0.085% | $4.1M | $1.5M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01180 | −0.102% | $1.3M | $1.4M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01180 | −0.085% | $431K | $185K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01181 | +0.034% | $12.3M | $1.3M | 50x | as long as short |
| KuCoin WUSDTMshort | +0.0100% | 4h | 0.01185 | +0.339% | $389K | $186K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01185 | +0.339% | $1.3M | $551K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01182 | +0.085% | — | $6.6M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01185 | +0.336% | $71K | $20K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01189 | +0.678% | $127K | $364K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01181 | +0.016% | $62K | $387K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0496% | 1h | 0.01190 | +0.787% | $13K | $12K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.1060% | 1h | 0.01182 | +0.119% | $45K | $49K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1121% | 1h | 0.01184 | +0.233% | $147K | $47K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD