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 +0.014%

Price spread now: Bybit against KuCoin+0.212%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,159as in the Price arb table

costs, in and out, $10k−$1,17411.741% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.212%, 7d avg +0.059%

Together, before fees+0.140%+$14 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: Bybit is 0.153% dearer against KuCoin than usual: you sell high and buy low, +$15 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	KuCoin HYPERUSDTM	0.07539	0.0100	pay 0.0050% / 4h	3h 55m	$105K	$83K	30x
Short	Bybit HYPERUSDT	0.07555	0.0100	get 0.0050% / 4h	3h 55m	$1.2M	$785K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.212%Rate

Funding earned: $0
Price spread: +0.212% → +0.059%: $15.32
Slippage, 4 orders: −$1,151.15
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,158.83
Costs to cover: 11.741%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Bybit: 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, 9 min ago	11.29 bp	874.7 bp −$875	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	5.29 bp	26.7 bp −$27	239.7 bp −$2,397	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	+0.0066%	4h	0.07546	+0.093%	$194K	$23K	50x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07562	+0.305%	$71K	$130K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07553	+0.179%	$21K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07560	+0.276%	$2.1M	$2.2M	50x	as long as short
Bybit HYPERUSDTshort	+0.0100%	4h	0.07555	+0.212%	$1.2M	$785K	25x
Gate HYPER_USDT	+0.0100%	4h	0.07540	+0.013%	$87K	$40K	50x	as long as short
MEXC HYPER_USDT	+0.0100%	4h	0.07556	+0.225%	$240K	$128K	20x	as long as short
KuCoin HYPERUSDTMlong	+0.0100%	4h	0.07539	long leg	$105K	$83K	30x
Bitget HYPERUSDT	+0.0100%	4h	0.07551	+0.159%	$315K	$275K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07541	+0.022%	$6K	$1K	—	as long as short