Funding arb · Price arb /

HYPER

all HYPER markets

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 Bybit+0.160%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$575as in the Funding arb table

Net, price: spread back to 7d avg − costs−$536as in the Price arb table

costs, in and out, $10k−$5585.581% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)−0.371%−$37 · spread now +0.160%, 7d avg −0.059%

Together, before fees−0.537%−$54 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 0.219% dearer against Bybit than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HYPERUSDT	0.07479	0.0100	pay 0.0050% / 4h	40m 08s	$1.2M	$765K	25x
Short	KuCoin HYPERUSDTM	0.07491	0.0100	get 0.0050% / 4h	40m 08s	$112K	$87K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → −0.059%: $21.94
Slippage, 4 orders: −$535.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$536.19
Costs to cover: 5.581%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago	4.00 bp	31.0 bp −$31	491.2 bp −$4,912	doesn't fit	doesn't fit
Sell KuCoin live order book, 54 min ago	9.42 bp	217.1 bp −$217	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	+0.0085%	4h	0.07502	+0.308%	$191K	$14K	50x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07481	+0.031%	$74K	$128K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07485	+0.081%	$20K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07477	−0.027%	$2.0M	$2.4M	50x	as long as short
Bybit HYPERUSDTlong	+0.0100%	4h	0.07479	long leg	$1.2M	$765K	25x
Gate HYPER_USDT	+0.0100%	4h	0.07480	+0.013%	$90K	$37K	50x	as long as short
MEXC HYPER_USDT	+0.0100%	4h	0.07480	+0.013%	$235K	$126K	20x	as long as short
KuCoin HYPERUSDTMshort	+0.0100%	4h	0.07491	+0.160%	$112K	$87K	30x
Bitget HYPERUSDT	+0.0100%	4h	0.07483	+0.053%	$310K	$269K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07499	+0.261%	$6K	$1K	—	as long as short