Funding you earn now, next payment 00:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h +0.031%
Price spread now: Hyperliquid against KuCoin−0.006%7-day average +0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$460.463% of the position
Funding, last 7 days+0.317%+$32 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now −0.006%, 7d avg +0.098%
=Together, before fees+0.354%+ Points / potential airdropHyperliquid: Season 2 · farm board+$35 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.104% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.098%). If the spread goes back, that is −$10 on $10k: about 2.7 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin FILUSDTM | 0.9853 | −0.0027 | get 0.0027% / 8h | 21m 03s | $7.4M | $7.1M | 50x |
| Short | Hyperliquid FIL | 0.9852 | 0.0100 | get 0.0013% / 1h | 21m 03s | $8.5M | $9.5M | 5x |
KuCoin FILUSDTM
Hyperliquid FILFunding 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
- $26.67
- Price spread: −0.006% → +0.098%
- −$10.39
- Slippage, 4 orders
- −$25.32
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$30.04
- Costs to cover
- 0.463%
- Break-even
- 14.9 days
Slippage from KuCoin: live order book, 2 min ago; Hyperliquid: live order book, 11 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, 2 min ago | 2.03 bp | 16.7 bp −$17 | 44.9 bp −$449 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.05 bp | 10.9 bp −$11 | doesn't fit | 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 | −0.0865% | 1h | 0.9855 | +0.020% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0395% | 1h | 0.9853 | −0.004% | $1.3M | $2.4M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9848 | −0.051% | $315K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | +0.020% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTMlong | −0.0027% | 8h | 0.9853 | long leg | $7.4M | $7.1M | 50x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9854 | +0.013% | $24K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9867 | +0.139% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0007% | 8h | 0.9849 | −0.041% | $18.1M | $99.0M | 50x | as long as short |
| Bitget FILUSDT | +0.0033% | 8h | 0.9849 | −0.041% | $10.9M | $21.6M | 75x | as long as short |
| Extended FIL-USD | +0.0040% | 1h | 0.9844 | −0.090% | $689K | $2.3M | 10x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Bitget FILUSDT
Extended FIL-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0044% | 8h | 0.9847 | −0.061% | $57.1M | $179.4M | 75x | as long as short |
| Bybit FILUSDT | +0.0046% | 8h | 0.9852 | −0.010% | $15.4M | $18.4M | 25x | as long as short |
| MEXC FIL_USDC | +0.0048% | 8h | 0.9849 | −0.041% | $250K | $105K | 50x | as long as short |
| BingX FIL-USDC | +0.0051% | 8h | 0.9851 | −0.020% | — | $6.5M | — | as long as short |
| Gate FIL_USDT | +0.0075% | 8h | 0.9852 | −0.010% | $8.1M | $16.4M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9845 | −0.081% | $158K | $348K | 5x | as long as short |
| Hyperliquid FILshort | +0.0100% | 1h | 0.9852 | −0.006% | $8.5M | $9.5M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9852 | −0.007% | $494K | $546K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9853 | +0.002% | $440K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9835 | −0.180% | $45K | $294K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9843 | −0.098% | $294K | $805K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9840 | −0.132% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9859 | +0.059% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9850 | −0.030% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9844 | −0.091% | $483 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9858 | +0.051% | $628K | $5.7M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9840 | −0.132% | $1.1M | $2.4M | 50x | as long as short |
| BloFin FIL-USDT | +0.0164% | 8h | 0.9846 | −0.071% | $2.7M | $569K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0571% / S −0.0666% | 1h | 0.9855 | +0.017% | $196K | — | 100x | as long as short |
Binance FILUSDT
Bybit FILUSDT
MEXC FIL_USDC
BingX FIL-USDC
Gate FIL_USDT
Lighter FIL
Aster FILUSDT
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
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]