Funding you earn now, next payment 08:00 UTC+0.1270%/8h= +139.1% APRpaid last 24h +0.109%
Price spread now: Hyperliquid against KuCoin−0.060%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$352as in the Funding arb table
Net, price: spread back to 7d avg − costs−$397as in the Price arb table
costs, in and out, $10k−$3853.851% of the position
Funding, last 7 days+0.329%+$33 on $10k
+Price spread, last 7 days+0.231%+$23 · spread now −0.060%, 7d avg +0.060%
=Together, before fees+0.559%+ Points / potential airdropHyperliquid: Season 2 · farm board+$56 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.121% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.060%). If the spread goes back, that is −$12 on $10k: about 8 hours of funding at the current rate (+$38 a day). At the pace of the last 7 days (+0.329% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.329% in total (about 17.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HEMIUSDTM | 0.006644 | 0.0100 | pay 0.0050% / 4h | 19m 17s | $877K | $1.7M | 20x |
| Short | Hyperliquid HEMI | 0.006640 | 0.1370 | get 0.0171% / 1h | 19m 17s | $1.1M | $377K | 3x |
KuCoin HEMIUSDTM
Hyperliquid HEMIFunding 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
- $266.75
- Price spread: −0.060% → +0.060%
- −$12.06
- Slippage, 4 orders
- −$364.05
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$130.36
- Costs to cover
- 3.851%
- Break-even
- 10.4 days
Slippage from KuCoin: live order book, 7 min ago; Hyperliquid: live order book, 1 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, 7 min ago | 6.82 bp | 173.0 bp −$173 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 1.51 bp | 18.5 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
HEMI 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HEMIUSDT | +0.0100% | 4h | 0.006634 | −0.153% | $75K | $48K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006628 | −0.241% | $1.7M | $1.5M | 25x | as long as short |
| KuCoin HEMIUSDTMlong | +0.0100% | 4h | 0.006644 | long leg | $877K | $1.7M | 20x | |
| Variational Omni HEMI | +0.0100% | 4h | 0.006631 | −0.191% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006775 | +1.972% | $1K | $1.3M | 20x | as long as short |
| BloFin HEMI-USDT | +0.0142% | 4h | 0.006641 | −0.045% | $370K | $55K | 20x | as long as short |
| MEXC HEMI_USDT | +0.0154% | 4h | 0.006633 | −0.166% | $1.7M | $287K | 50x | as long as short |
| BingX HEMI-USDT | +0.0156% | 4h | 0.006633 | −0.166% | — | $1.4M | — | as long as short |
| Binance HEMIUSDT | +0.0157% | 4h | 0.006636 | −0.124% | $6.7M | $11.3M | 20x | as long as short |
| Extended HEMI-USD | +0.0160% | 1h | 0.006631 | −0.197% | $17K | — | 5x | as long as short |
Aster HEMIUSDT
Bybit HEMIUSDT
Variational Omni HEMI
SunX HEMI-USDT
BloFin HEMI-USDT
MEXC HEMI_USDT
BingX HEMI-USDT
Binance HEMIUSDT
Extended HEMI-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDT | +0.0224% | 4h | 0.006632 | −0.181% | $519K | $309K | 20x | as long as short |
| Hyperliquid HEMIshort | +0.1370% | 1h | 0.006640 | −0.060% | $1.1M | $377K | 3x |
Gate HEMI_USDT