Funding you earn now, next payment 09:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.043%
Price spread now: KuCoin against Hyperliquid−0.221%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1721.720% of the position
Funding, last 7 days−0.137%−$14 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.221%, 7d avg −0.077%
=Together, before fees−0.060%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.144% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GMT | 0.008589 | 0.0100 | pay 0.0013% / 1h | 1m 33s | $121K | $151K | 3x |
| Short | KuCoin GMTUSDTM | 0.008570 | −0.0036 | pay 0.0018% / 4h | 3h 01m | $243K | $203K | 50x |
Hyperliquid GMT
KuCoin GMTUSDTMFunding 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
- −$28.56
- Price spread: −0.221% → −0.077%
- −$14.44
- Slippage, 4 orders
- −$150.98
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$214.98
- Costs to cover
- 1.720%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 38 min ago; KuCoin: live order book, 20 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, 38 min ago | 2.36 bp | 24.3 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 20 min ago | 11.70 bp | 58.5 bp −$58 | 258.4 bp −$2,584 | doesn't fit | doesn't fit |
GMT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSD | −0.1397% | 1h | 0.008584 | −0.056% | $43K | $13K | 20x | as long as short |
| Variational Omni GMT | −0.0111% | 8h | 0.008580 | −0.104% | $4K | $6K | — | as long as short |
| KuCoin GMTUSDTMshort | −0.0036% | 4h | 0.008570 | −0.221% | $243K | $203K | 50x | |
| Hyperliquid GMTlong | +0.0100% | 1h | 0.008589 | long leg | $121K | $151K | 3x | |
| Aster GMTUSDT | +0.0100% | 4h | 0.008590 | +0.012% | $7K | $22K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008591 | +0.023% | $2.9M | $5.4M | 50x | as long as short |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008583 | −0.070% | $1.1M | $2.0M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008584 | −0.058% | $390K | $1.2M | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008590 | +0.012% | $140K | $178K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008589 | 0.000% | $435K | $221K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Variational Omni GMT
Aster GMTUSDT
Binance GMTUSDT
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Gate GMT_USDT
MEXC GMT_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMTUSDT | +0.0100% | 4h | 0.008593 | +0.047% | $736K | $680K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008589 | 0.000% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT