Funding you earn now, next payment 22:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.071%
Price spread now: Hyperliquid against KuCoin+0.080%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$660.658% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 7 days−0.121%−$12 · spread now +0.080%, 7d avg +0.046%
=Together, before fees−0.020%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.033% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.046%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin FETUSDTM | 0.2012 | 0.0100 | pay 0.0100% / 8h | 2h 14m | $10.4M | $19.1M | 50x |
| Short | Hyperliquid FET | 0.2014 | 0.0224 | get 0.0028% / 1h | 14m 05s | $9.0M | $7.7M | 5x |
KuCoin FETUSDTM
Hyperliquid FETFunding 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
- $26
- Price spread: +0.080% → +0.046%
- $3.32
- Slippage, 4 orders
- −$44.84
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$36.52
- Costs to cover
- 0.658%
- Break-even
- 16.8 days
Slippage from KuCoin: live order book, 5 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, 5 min ago | 4.96 bp | 15.8 bp −$16 | 58.6 bp −$586 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.50 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
FET on 20 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 FET_USDC-PERPETUAL | −0.4693% | 1h | 0.2013 | +0.050% | $27K | $209K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0480% | 1h | 0.2022 | +0.497% | $161K | $188K | 50x | as long as short |
| Gate FET_USDT | −0.0016% | 8h | 0.2012 | 0.000% | $2.7M | $11.9M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2013 | +0.037% | $32K | — | 150x | as long as short |
| Kraken Futures PF_FETUSD | +0.0032% | 1h | 0.2015 | +0.168% | $1.0M | $2.1M | 50x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2015 | +0.136% | $345K | $529K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2012 | 0.000% | $31.4M | $107.1M | 75x | as long as short |
| OKX FET-USDT-SWAP | +0.0100% | 4h | 0.2014 | +0.099% | $859K | $7.5M | 20x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2012 | 0.000% | $34.8M | $25.4M | 200x | as long as short |
| KuCoin FETUSDTMlong | +0.0100% | 8h | 0.2012 | long leg | $10.4M | $19.1M | 50x |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Gate FET_USDT
gTrade (Gains Network) FET/USD
Kraken Futures PF_FETUSD
Aster FETUSDT
Binance FETUSDT
OKX FET-USDT-SWAP
MEXC FET_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2016 | +0.219% | $273K | $315K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2012 | 0.000% | $37K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2012 | −0.016% | $33K | $145K | 10x | as long as short |
| BingX FET-USDT | +0.0193% | 8h | 0.2014 | +0.099% | — | $5.6M | — | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2011 | −0.030% | $13K | — | 100x | as long as short |
| Bitget FETUSDT | +0.0218% | 8h | 0.2015 | +0.149% | $16.5M | $11.4M | 75x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2014 | +0.099% | $1.7M | $2.6M | 100x | as long as short |
| Hyperliquid FETshort | +0.0224% | 1h | 0.2014 | +0.080% | $9.0M | $7.7M | 5x | |
| Injective FET/USDC PERP | +0.0371% | 1h | 0.2010 | −0.099% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0476% | 1h | 0.2021 | +0.442% | $27K | $37K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
BingX FET-USDT
GMX FET/USD [ETH-USDC]
Bitget FETUSDT
BloFin FET-USDT
Injective FET/USDC PERP
Phoenix FET