Funding you earn now, next payment 09:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.043%
Price spread now: Hyperliquid against KuCoin+0.105%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as 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)+0.039%+$4 · spread now +0.105%, 7d avg +0.077%
=Together, before fees+0.176%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 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 0.028% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin GMTUSDTM | 0.008570 | −0.0040 | get 0.0020% / 4h | 3h 02m | $243K | $204K | 50x |
| Short | Hyperliquid GMT | 0.008579 | 0.0100 | get 0.0013% / 1h | 2m 18s | $121K | $151K | 3x |
KuCoin GMTUSDTM
Hyperliquid GMTFunding 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
- $29.4
- Price spread: +0.105% → +0.077%
- $2.82
- Slippage, 4 orders
- −$150.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$139.76
- Costs to cover
- 1.720%
- Break-even
- 40.3 days
Slippage from KuCoin: live order book, 19 min ago; Hyperliquid: live order book, 37 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, 19 min ago | 11.70 bp | 57.9 bp −$58 | 304.8 bp −$3,048 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 37 min ago | 2.36 bp | 31.4 bp −$31 | doesn't fit | 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 | +0.166% | $43K | $13K | 20x | as long as short |
| Variational Omni GMT | −0.0111% | 8h | 0.008580 | +0.118% | $4K | $6K | — | as long as short |
| KuCoin GMTUSDTMlong | −0.0040% | 4h | 0.008570 | long leg | $243K | $204K | 50x | |
| Hyperliquid GMTshort | +0.0100% | 1h | 0.008579 | +0.105% | $121K | $151K | 3x | |
| Aster GMTUSDT | +0.0100% | 4h | 0.008585 | +0.180% | $7K | $22K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008580 | +0.115% | $2.9M | $5.4M | 50x | as long as short |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008577 | +0.082% | $1.1M | $2.0M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008574 | +0.047% | $390K | $1.2M | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008590 | +0.233% | $140K | $178K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008580 | +0.117% | $434K | $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 | 0.008583 | +0.152% | $735K | $680K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008581 | +0.128% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT