Funding you earn now, next payment 03:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid−0.063%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1641.642% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 7 days−0.063%−$6 · spread now −0.063%, 7d avg −0.039%
=Together, before fees−0.164%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.024% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALGO | 0.1115 | 0.0135 | pay 0.0017% / 1h | 56m 11s | $3.7M | $2.0M | 5x |
| Short | KuCoin ALGOUSDTM | 0.1114 | 0.0100 | get 0.0100% / 8h | 5h 56m | $3.5M | $1.5M | 50x |
Hyperliquid ALGO
KuCoin ALGOUSDTMFunding 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
- −$7.39
- Price spread: −0.063% → −0.039%
- −$2.43
- Slippage, 4 orders
- −$143.23
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$174.04
- Costs to cover
- 1.642%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; KuCoin: live order book, 6 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, 5 min ago | 1.79 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 9.41 bp | 85.2 bp −$85 | 279.8 bp −$2,798 | doesn't fit | doesn't fit |
ALGO on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1114 | −0.067% | $17K | — | 150x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | 0.0000% | 1h | 0.1114 | −0.099% | $101K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0032% | 1h | 0.1114 | −0.135% | $70K | $281K | 50x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.439% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGO | +0.0076% | 8h | 0.1114 | −0.102% | $60K | $12K | — | as long as short |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.068% | $44K | $41K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.186% | $9.8M | $34.6M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.215% | $11.4M | $12.2M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1113 | −0.224% | $2.9M | $7.7M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1114 | −0.117% | $872K | $847K | 50x | as long as short |
gTrade (Gains Network) ALGO/USD
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Injective ALGO/USDC PERP
Variational Omni ALGO
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAP
Gate ALGO_USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1113 | −0.170% | $22.7M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTMshort | +0.0100% | 8h | 0.1114 | −0.063% | $3.5M | $1.5M | 50x | |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1114 | −0.099% | $5.6M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1114 | −0.143% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1113 | −0.179% | $60K | $140K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1115 | −0.009% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1114 | −0.132% | $4K | $232K | 10x | as long as short |
| Hyperliquid ALGOlong | +0.0135% | 1h | 0.1115 | long leg | $3.7M | $2.0M | 5x | |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0342% / S −0.0313% | 1h | 0.1114 | −0.061% | $7K | — | 100x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0354% | 1h | 0.1115 | −0.037% | $825K | $1.1M | 50x | as long as short |
| dYdX ALGO-USD | +0.2084% | 1h | 0.1111 | −0.349% | $160K | $4K | 5x | as long as short |
MEXC ALGO_USDT
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
GMX ALGO/USD [WBTC.b-USDC]
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD