Funding you earn now, next payment 03:00 UTC+0.0807%/8h= +88.4% APRpaid last 24h +0.143%
Price spread now: KuCoin against Hyperliquid+0.240%7-day average +0.275% · you sell dearer than you buy
Net, funding: paid 7d − costs−$364as in the Funding arb table
Net, price: spread back to 7d avg − costs−$457as in the Price arb table
costs, in and out, $10k−$4534.531% of the position
Funding, last 7 days+0.891%+$89 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.240%, 7d avg +0.275%
=Together, before fees+0.968%+ Points / potential airdropHyperliquid: Season 2 · farm board+$97 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.035% cheaper against Hyperliquid than usual: you would sell low and buy high (spread +0.240% now, against its 7-day average of +0.275%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$24 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid IOTA | 0.04791 | 0.0100 | pay 0.0013% / 1h | 6m 43s | $898K | $399K | 3x |
| Short | KuCoin IOTAUSDTM | 0.04802 | 0.0907 | get 0.0907% / 8h | 5h 06m | $2.7M | $241K | 30x |
Hyperliquid IOTA
KuCoin IOTAUSDTMFunding 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
- $169.47
- Price spread: +0.240% → +0.275%
- −$3.46
- Slippage, 4 orders
- −$432.13
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$287.12
- Costs to cover
- 4.531%
- Break-even
- 18.9 days
Slippage from Hyperliquid: live order book, 33 min ago; KuCoin: live order book, 10 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 Hyperliquid live order book, 33 min ago | 2.19 bp | 42.9 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 54.84 bp | 253.7 bp −$254 | doesn't fit | doesn't fit | doesn't fit |
IOTA on 12 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_IOTAUSD | −0.0196% | 1h | 0.04787 | −0.067% | $18K | $12K | 10x | as long as short |
| Hyperliquid IOTAlong | +0.0100% | 1h | 0.04791 | long leg | $898K | $399K | 3x | |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04790 | −0.012% | $3.5M | $5.9M | 75x | as long as short |
| Bybit IOTAUSDT | +0.0100% | 8h | 0.04787 | −0.073% | $2.2M | $1.5M | 75x | as long as short |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04782 | −0.177% | $560K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04787 | −0.073% | $831K | $266K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04790 | −0.010% | $591K | $174K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04792 | +0.031% | $1.7M | $711K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04797 | +0.136% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04798 | +0.158% | $38K | $36K | — | as long as short |
Kraken Futures PF_IOTAUSD
Binance IOTAUSDT
Bybit IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDT | +0.0104% | 8h | 0.04789 | −0.031% | $170K | $43K | 75x | as long as short |
| KuCoin IOTAUSDTMshort | +0.0907% | 8h | 0.04802 | +0.240% | $2.7M | $241K | 30x |
BloFin IOTA-USDT