Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid+0.075%7-day average −0.043% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.075%, 7d avg −0.043%
=Together, before fees−0.174%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 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 0.118% dearer against Hyperliquid than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INIT | 0.08278 | 0.0100 | pay 0.0013% / 1h | 7m 56s | $309K | $238K | 3x |
| Short | KuCoin INITUSDTM | 0.08284 | 0.0100 | get 0.0050% / 4h | 3h 07m | $321K | $63K | 25x |
Hyperliquid INIT
KuCoin INITUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Hyperliquid. 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
- $0
- Price spread: +0.075% → −0.043%
- $11.84
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$9.16
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 2 min ago; KuCoin: live order book, 64 min ago. Net counts fees only.
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 Hyperliquid live order book, 2 min ago | 2.12 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 64 min ago | 24.23 bp | 783.7 bp −$784 | doesn't fit | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.5404% | 1h | 0.08271 | −0.079% | $5K | $24K | 10x | as long as short |
| Hyperliquid INITlong | +0.0100% | 1h | 0.08278 | long leg | $309K | $238K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08294 | +0.192% | $27K | $39K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08279 | +0.014% | $3.4M | $4.0M | 25x | as long as short |
| Bybit INITUSDT | +0.0100% | 4h | 0.08285 | +0.087% | $1.4M | $1.7M | 25x | as long as short |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08287 | +0.111% | $138K | $735K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08278 | +0.002% | $81K | $59K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08290 | +0.147% | $443K | $212K | 20x | as long as short |
| KuCoin INITUSDTMshort | +0.0100% | 4h | 0.08284 | +0.075% | $321K | $63K | 25x | |
| Bitget INITUSDT | +0.0100% | 4h | 0.08272 | −0.070% | $425K | $337K | 25x | as long as short |
Kraken Futures PF_INITUSD
Aster INITUSDT
Binance INITUSDT
Bybit INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08274 | −0.046% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08271 | −0.076% | $26K | $15K | — | as long as short |
| BloFin INIT-USDT | +0.0147% | 4h | 0.08299 | +0.256% | $153K | $111K | 25x | as long as short |
BingX INIT-USDT
Variational Omni INIT
BloFin INIT-USDT