Funding you earn now, next payment 02:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.040%
Price spread now: KuCoin against Hyperliquid+0.090%7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 7 days−0.330%−$33 on $10k
+Price spread, last 7 days−0.136%−$14 · spread now +0.090%, 7d avg −0.100%
=Together, before fees−0.466%+ Points / potential airdropHyperliquid: Season 2 · farm board−$47 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.190% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of −0.100%): +$19 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9993 | 0.0100 | pay 0.0013% / 1h | 44m 29s | $8.6M | $9.5M | 5x |
| Short | KuCoin FILUSDTM | 1.0002 | −0.0047 | pay 0.0047% / 8h | 6h 44m | $7.4M | $7.3M | 50x |
Hyperliquid FIL
KuCoin FILUSDTMFunding 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
- −$30.87
- Price spread: +0.090% → −0.100%
- $18.99
- Slippage, 4 orders
- −$37.12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$70
- Costs to cover
- 0.581%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; KuCoin: live order book, 9 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 | 2.31 bp | 9.1 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 3.01 bp | 16.9 bp −$17 | 43.6 bp −$436 | doesn't fit | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0351% | 1h | 0.9970 | −0.230% | $172K | $23K | 25x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0296% | 1h | 1.0005 | +0.120% | $376K | $2.1M | 50x | as long as short |
| Kraken Futures PF_FILUSD | −0.0191% | 1h | 1.0010 | +0.169% | $1.4M | $2.4M | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.0062% | 8h | 0.9999 | +0.060% | $18.4M | $100.3M | 50x | as long as short |
| KuCoin FILUSDTMshort | −0.0047% | 8h | 1.0002 | +0.090% | $7.4M | $7.3M | 50x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9964 | −0.286% | $36K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9986 | −0.070% | $58K | $2K | 10x | as long as short |
| Extended FIL-USD | +0.0024% | 1h | 0.9979 | −0.139% | $699K | $3.3M | 10x | as long as short |
| Binance FILUSDT | +0.0026% | 8h | 0.9990 | −0.031% | $57.9M | $183.0M | 75x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.381% | $2K | $240K | 12x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Kraken Futures PF_FILUSD
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Extended FIL-USD
Binance FILUSDT
Injective FIL/USDC PERPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate FIL_USDT | +0.0067% | 8h | 0.9990 | −0.030% | $8.3M | $16.0M | 50x | as long as short |
| MEXC FIL_USDC | +0.0068% | 8h | 0.9993 | 0.000% | $245K | $104K | 50x | as long as short |
| BloFin FIL-USDT | +0.0093% | 8h | 0.9993 | 0.000% | $2.7M | $610K | 75x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9987 | −0.060% | $158K | $345K | 5x | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9993 | long leg | $8.6M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9997 | +0.040% | $510K | $612K | 20x | as long as short |
| Bybit FILUSDT | +0.0100% | 8h | 0.9998 | +0.050% | $15.7M | $18.9M | 25x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9994 | +0.010% | $11.2M | $22.0M | 75x | as long as short |
| BingX FIL-USDT | +0.0100% | 8h | 0.9989 | −0.040% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 1.0029 | +0.360% | $449K | $269K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9992 | −0.012% | $46K | $295K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9996 | +0.026% | $298K | $849K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 1.0000 | +0.070% | $30K | $193K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9966 | −0.272% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9960 | −0.330% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9960 | −0.330% | $485 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0019 | +0.260% | $644K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 1.0010 | +0.170% | $1.1M | $2.3M | 50x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0572% / S −0.0237% | 1h | 0.9966 | −0.267% | $266K | — | 100x | as long as short |
Gate FIL_USDT
MEXC FIL_USDC
BloFin FIL-USDT
Lighter FIL
Aster FILUSDT
Bybit FILUSDT
Bitget FILUSDT
BingX FIL-USDT
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
GMX FIL/USD [WBTC.b-USDC]