Settings8H · net · $10k
Funding arb · Price arb /

HYPER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0312%/8h= +34.2% APRnext payment +$1.56 per $10,000 · paid last 24h −0.003%
Price spread now: Gate against KuCoin+0.093%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.214%+$21 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Gate is 0.093% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.214% in total (about 11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPERUSDTM0.07533−0.0212get 0.0106% / 4h1h 39m$107K$104K30x
ShortGate HYPER_USDT0.075400.0100get 0.0050% / 4h1h 39m$88K$48K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$65.52
Price spread: +0.093% → 0.000%
$9.29
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$47.81
Costs to cover
0.270%
Break-even
1.9 days
Slippage unknown: KuCoin: live order book, 49 min ago; Gate: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 49 min ago21.15 bp823.7 bp −$824doesn't fitdoesn't fitdoesn't fit
Sell Gate no order-book sample
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPER on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin HYPERUSDTMlong−0.0212%4h0.07533long leg$107K$104K30x
Hyperliquid HYPER+0.0100%1h0.07530−0.037%$72K$133K3xas long as short
Aster HYPERUSDT+0.0100%4h0.07541+0.107%$21K$4K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07528−0.066%$2.0M$2.2M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.07530−0.040%$1.2M$824K25xas long as short
Gate HYPER_USDTshort+0.0100%4h0.07540+0.093%$88K$48K50x
MEXC HYPER_USDT+0.0100%4h0.07530−0.040%$240K$130K20xas long as short
Bitget HYPERUSDT+0.0100%4h0.07540+0.093%$313K$283K50xas long as short
Variational Omni HYPER+0.0100%4h0.07533−0.006%$6K$1Kas long as short
BloFin HYPER-USDT+0.0143%4h0.07525−0.106%$194K$21K50xas long as short