Funding arb · Price arb /

0G

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0463%/8h= −50.7% APRpaid last 24h −0.164%

Price spread now: KuCoin against Hyperliquid−0.043%7-day average −0.181% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$1011.009% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.601%−$60 on $10k

Price spread, last 7 days−0.119%−$12 · spread now −0.043%, 7d avg −0.181%

Together, before fees−0.720%+ Points / potential airdropHyperliquid: Season 2 · farm board−$72 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.138% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.181%): +$14 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid 0G	0.2339	0.0571	pay 0.0071% / 1h	33m 22s	$2.5M	$515K	3x
Short	KuCoin 0GUSDTM	0.2338	0.0108	get 0.0054% / 4h	3h 33m	$2.4M	$2.5M	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$97.17
Price spread: −0.043% → −0.181%: $13.85
Slippage, 4 orders: −$79.9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$184.23
Costs to cover: 1.009%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 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, 8 min ago	1.71 bp	23.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.92 bp	25.5 bp −$26	347.1 bp −$3,471	doesn't fit	doesn't fit

0G on 16 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
BingX 0G-USDT	−0.1080%	4h	0.2332	−0.304%	—	$6.5M	—	as long as short
GMX 0G/USD [WBTC.b-USDC]	L −0.0235% / S +0.0198%	1h	0.2330	−0.369%	$2K	—	100x	as long as short
BloFin 0G-USDT	+0.0047%	4h	0.2339	−0.004%	$329K	$9K	50x	as long as short
Aster 0GUSDT	+0.0100%	4h	0.2336	−0.129%	$20K	$30K	5x	as long as short
Binance 0GUSDT	+0.0100%	4h	0.2336	−0.150%	$6.9M	$9.1M	50x	as long as short
Bybit 0GUSDT	+0.0100%	4h	0.2335	−0.175%	$2.3M	$2.4M	50x	as long as short
OKX 0G-USDT-SWAP	+0.0100%	4h	0.2335	−0.175%	$873K	$2.4M	20x	as long as short
Gate 0G_USDT	+0.0100%	8h	0.2334	−0.218%	$604K	$169K	50x	as long as short
MEXC 0G_USDT	+0.0100%	4h	0.2335	−0.175%	$2.1M	$203K	50x	as long as short
Bitget 0GUSDT	+0.0100%	4h	0.2337	−0.090%	$1.9M	$738K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack 0G_USDC_PERP	+0.0100%	1h	0.2338	−0.047%	$35K	$48K	5x	as long as short
Variational Omni 0G	+0.0100%	4h	0.2331	−0.340%	$13K	$10K	—	as long as short
ApeX Omni 0GUSDT	+0.0100%	1h	0.2337	−0.090%	$18K	$631K	50x	as long as short
KuCoin 0GUSDTMshort	+0.0108%	4h	0.2338	−0.043%	$2.4M	$2.5M	50x
Lighter 0G	+0.0352%	1h	0.2341	+0.081%	$45K	$100K	3x	as long as short
Hyperliquid 0Glong	+0.0571%	1h	0.2339	long leg	$2.5M	$515K	3x