Funding arb · Price arb /

HYPER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: KuCoin against Bitget−0.027%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,201as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,172as in the Price arb table

costs, in and out, $10k−$1,17811.782% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)−0.125%−$13 · spread now −0.027%, 7d avg −0.091%

Together, before fees−0.352%−$35 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.065% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPERUSDT	0.07511	0.0100	pay 0.0050% / 4h	3h 09m	$320K	$272K	50x
Short	KuCoin HYPERUSDTM	0.07509	0.0100	get 0.0050% / 4h	3h 09m	$111K	$82K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.091%: $6.48
Slippage, 4 orders: −$1,154.25
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,171.76
Costs to cover: 11.782%
Break-even: never at this rate

Slippage from Bitget: live order book, 35 min ago; KuCoin: live order book, 54 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 Bitget live order book, 35 min ago	6.62 bp	28.1 bp −$28	155.6 bp −$1,556	doesn't fit	doesn't fit
Sell KuCoin live order book, 54 min ago	11.29 bp	249.1 bp −$249	doesn't fit	doesn't fit	doesn't fit

HYPER on 10 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
BloFin HYPER-USDT	+0.0087%	4h	0.07515	+0.053%	$190K	$24K	50x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07507	−0.049%	$74K	$133K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07513	+0.030%	$20K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07504	−0.090%	$2.0M	$2.3M	50x	as long as short
Bybit HYPERUSDT	+0.0100%	4h	0.07507	−0.053%	$1.2M	$783K	25x	as long as short
Gate HYPER_USDT	+0.0100%	4h	0.07510	−0.013%	$91K	$44K	50x	as long as short
MEXC HYPER_USDT	+0.0100%	4h	0.07505	−0.080%	$238K	$130K	20x	as long as short
KuCoin HYPERUSDTMshort	+0.0100%	4h	0.07509	−0.027%	$111K	$82K	30x
Bitget HYPERUSDTlong	+0.0100%	4h	0.07511	long leg	$320K	$272K	50x
Variational Omni HYPER	+0.0100%	4h	0.07514	+0.041%	$6K	$1K	—	as long as short