Funding you earn now, next payment 04:00 UTC−0.0229%/8h= −25.1% APRpaid last 24h −0.035%
Price spread now: KuCoin against Hyperliquid−0.179%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1151.151% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 7 days+0.132%+$13 · spread now −0.179%, 7d avg −0.081%
=Together, before fees+0.030%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.098% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.081%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.102% in total (about -5.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZRO | 1.1747 | 0.0329 | pay 0.0041% / 1h | 17m 22s | $37.2M | $5.5M | 5x |
| Short | KuCoin ZROUSDTM | 1.1726 | 0.0100 | get 0.0050% / 4h | 17m 22s | $2.4M | $2.0M | 50x |
Hyperliquid ZRO
KuCoin ZROUSDTMFunding 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
- −$48.1
- Price spread: −0.179% → −0.081%
- −$9.75
- Slippage, 4 orders
- −$94.12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$172.98
- Costs to cover
- 1.151%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; KuCoin: 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 Hyperliquid live order book, 6 min ago | 2.56 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 8.55 bp | 47.8 bp −$48 | 140.3 bp −$1,403 | doesn't fit | doesn't fit |
ZRO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0022% | 1h | 1.1737 | −0.084% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1739 | −0.068% | $21K | $5K | 10x | as long as short |
| Lighter ZRO | +0.0096% | 1h | 1.1757 | +0.085% | $4.4M | $1.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1748 | +0.010% | $159K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1737 | −0.089% | $136K | $179K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1741 | −0.054% | $22.0M | $29.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1730 | −0.145% | $18.0M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1739 | −0.068% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1730 | −0.145% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1738 | −0.077% | $19.3M | $2.7M | 125x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Lighter ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZROUSDTMshort | +0.0100% | 4h | 1.1726 | −0.179% | $2.4M | $2.0M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1730 | −0.145% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1738 | −0.077% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1738 | −0.077% | $98K | $218K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1699 | −0.410% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1720 | −0.230% | $39K | $671K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1742 | −0.043% | $100K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1737 | −0.086% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0112% | 1h | 1.1747 | +0.003% | $7K | $3K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0147% | 4h | 1.1750 | +0.026% | $1.1M | $250K | 75x | as long as short |
| Nado ZRO-PERP | +0.0194% | 1h | 1.1735 | −0.103% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1742 | −0.047% | $3K | — | 100x | as long as short |
| Hyperliquid ZROlong | +0.0329% | 1h | 1.1747 | long leg | $37.2M | $5.5M | 5x | |
| Kraken Futures PF_ZROUSD | +0.0379% | 1h | 1.1748 | +0.005% | $258K | $398K | 25x | as long as short |
| Extended ZRO-USD | +0.1184% | 1h | 1.1738 | −0.076% | $784K | $589K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1780 | +0.281% | $12K | $260K | 12x | as long as short |
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP