Funding you earn now, next payment 00:00 UTC+0.0234%/8h= +25.6% APRnext payment +$1.17 per $10,000 · paid last 24h +0.002%
Price spread now: MEXC against KuCoin+0.054%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$464as in the Funding arb table
Net, price: spread back to 7d avg − costs−$488as in the Price arb table
costs, in and out, $10k−$4934.928% of the position
Funding, last 7 days+0.290%+$29 on $10k
+Price spread, last 4 days (all we have)+0.122%+$12 · spread now +0.054%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and MEXC is 0.046% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HYPERUSDTM | 0.07417 | −0.0134 | get 0.0067% / 4h | 1h 16m | $127K | $93K | 30x |
| Short | MEXC HYPER_USDT | 0.07421 | 0.0100 | get 0.0050% / 4h | 1h 16m | $255K | $131K | 20x |
KuCoin HYPERUSDTM
MEXC HYPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $49.14
- Price spread: +0.054% → +0.008%
- $4.63
- Slippage, 4 orders
- −$476.79
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$439.02
- Costs to cover
- 4.928%
- Break-even
- 69.5 days
Slippage from KuCoin: live order book, 47 min ago; MEXC: live order book, 56 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, 47 min ago | 14.87 bp | 253.8 bp −$254 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 56 min ago | 0.67 bp | 9.2 bp −$9 | 68.5 bp −$685 | 217.3 bp −$21.7K | 541.8 bp −$270.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HYPERUSDTMlong | −0.0134% | 4h | 0.07417 | long leg | $127K | $93K | 30x | |
| Gate HYPER_USDT | +0.0040% | 4h | 0.07420 | +0.040% | $90K | $46K | 50x | as long as short |
| Hyperliquid HYPER | +0.0100% | 1h | 0.07421 | +0.050% | $71K | $120K | 3x | as long as short |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07429 | +0.163% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07418 | +0.013% | $2.0M | $2.1M | 50x | as long as short |
| Bybit HYPERUSDT | +0.0100% | 4h | 0.07421 | +0.054% | $1.2M | $699K | 25x | as long as short |
| MEXC HYPER_USDTshort | +0.0100% | 4h | 0.07421 | +0.054% | $255K | $131K | 20x | |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07422 | +0.067% | $310K | $258K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07436 | +0.250% | $7K | $1K | — | as long as short |
| BloFin HYPER-USDT | +0.0126% | 4h | 0.07416 | −0.013% | $189K | $22K | 50x | as long as short |
Gate HYPER_USDT
Hyperliquid HYPER
Aster HYPERUSDT
Binance HYPERUSDT
Bybit HYPERUSDT
Bitget HYPERUSDT
Variational Omni HYPER
BloFin HYPER-USDT