Funding you earn now, next payment 05:00 UTC+0.0568%/8h= +62.2% APRpaid last 24h +0.178%
Price spread now: Hyperliquid against KuCoin+0.254%7-day average +0.219% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1571.572% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.254%, 7d avg +0.219%
=Together, before fees+0.144%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Hyperliquid is 0.035% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.219%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.276% in total (about 14.4% 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 | KuCoin CFXUSDTM | 0.05360 | 0.0100 | pay 0.0100% / 8h | 3h 53m | $809K | $302K | 75x |
| Short | Hyperliquid CFX | 0.05374 | 0.0668 | get 0.0083% / 1h | 53m 28s | $3.2M | $361K | 5x |
KuCoin CFXUSDTM
Hyperliquid CFXFunding 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
- $119.24
- Price spread: +0.254% → +0.219%
- $3.48
- Slippage, 4 orders
- −$136.18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$34.45
- Costs to cover
- 1.572%
- Break-even
- 9.0 days
Slippage from KuCoin: live order book, 46 min ago; Hyperliquid: live order book, 8 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, 46 min ago | 4.70 bp | 53.3 bp −$53 | 91.8 bp −$918 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.30 bp | 20.0 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
CFX 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05358 | −0.034% | $5K | $42K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05365 | +0.099% | $5.3M | $10.0M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05367 | +0.131% | $2.4M | $1.3M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05365 | +0.093% | $2.5M | $5.6M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05362 | +0.037% | $1.1M | $2.5M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05364 | +0.075% | $3.2M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTMlong | +0.0100% | 8h | 0.05360 | long leg | $809K | $302K | 75x | |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05364 | +0.075% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05363 | +0.056% | — | $20.1M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05354 | −0.111% | $38K | $50K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05358 | −0.037% | $508K | $1.6M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05364 | +0.071% | $4K | $266K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0208% | 1h | 0.05364 | +0.075% | $42K | $123K | 50x | as long as short |
| Kraken Futures PF_CFXUSD | +0.0577% | 1h | 0.05353 | −0.129% | $32K | $11K | 20x | as long as short |
| Hyperliquid CFXshort | +0.0668% | 1h | 0.05374 | +0.254% | $3.2M | $361K | 5x | |
| Deribit CFX_USDC-PERPETUAL | +0.2179% | 1h | 0.05365 | +0.093% | $142 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL