Funding arb · Price arb /

KAITO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0263%/8h= +28.8% APRpaid last 24h +0.145%

Price spread now: Hyperliquid against KuCoin+0.025%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1621.624% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 7 days+0.021%+$2 · spread now +0.025%, 7d avg +0.058%

Together, before fees+0.184%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.058%). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.163% in total) that is about 33 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.163% in total (about 8.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KAITOUSDTM	0.3539	0.0100	pay 0.0050% / 4h	13m 42s	$1.4M	$169K	30x
Short	Hyperliquid KAITO	0.3540	0.0363	get 0.0045% / 1h	13m 42s	$2.1M	$897K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.025%Rate

Funding earned: $55.28
Price spread: +0.025% → +0.058%: −$3.21
Slippage, 4 orders: −$141.41
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$110.34
Costs to cover: 1.624%
Break-even: 21.0 days

Slippage from KuCoin: live order book, 2 min ago; Hyperliquid: live order book, 7 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, 2 min ago	7.07 bp	37.7 bp −$38	918.5 bp −$9,185	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	2.70 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit

KAITO on 27 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
Reya KAITORUSDPERP	0.0000%	1h	0.3370	−4.766%	—	—	—	as long as short
Injective KAITO/USDC PERP	+0.0068%	1h	0.3535	−0.113%	$7K	$52K	12x	as long as short
BloFin KAITO-USDT	+0.0072%	4h	0.3532	−0.198%	$562K	$68K	75x	as long as short
Aster KAITOUSDT	+0.0100%	4h	0.3539	−0.014%	$118K	$51K	10x	as long as short
Pacifica KAITO	+0.0100%	1h	0.3536	−0.093%	$19K	$15K	5x	as long as short
Binance KAITOUSDT	+0.0100%	4h	0.3537	−0.065%	$10.8M	$17.8M	75x	as long as short
Bybit KAITOUSDT	+0.0100%	4h	0.3538	−0.028%	$4.7M	$8.6M	75x	as long as short
OKX KAITO-USDT-SWAP	+0.0100%	4h	0.3534	−0.141%	$4.3M	$11.6M	50x	as long as short
Gate KAITO_USDT	+0.0100%	4h	0.3538	−0.028%	$672K	$1.8M	75x	as long as short
MEXC KAITO_USDT	+0.0100%	4h	0.3537	−0.057%	$3.3M	$1.2M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin KAITOUSDTMlong	+0.0100%	4h	0.3539	long leg	$1.4M	$169K	30x
Bitget KAITOUSDT	+0.0100%	4h	0.3538	−0.028%	$4.4M	$3.6M	75x	as long as short
BingX KAITO-USDC	+0.0100%	4h	0.3537	−0.057%	—	$6.5M	—	as long as short
Backpack KAITO_USDC_PERP	+0.0100%	1h	0.3532	−0.198%	$20K	$196K	10x	as long as short
Variational Omni KAITO	+0.0100%	4h	0.3528	−0.312%	$45K	$211K	—	as long as short
GRVT KAITO_USDT_Perp	+0.0100%	4h	0.3530	−0.261%	$251K	$2.4M	10x	as long as short
ApeX Omni KAITOUSDT	+0.0100%	1h	0.3523	−0.452%	$30K	$259K	50x	as long as short
Polymarket Perps KAITO-USD	+0.0100%	1h	0.3535	−0.099%	$17K	$5.1M	5x	as long as short
Orderly PERP_KAITO_USDC_mythos	+0.0100%	4h	0.3533	−0.172%	$3K	$2K	10x	as long as short
edgeX KAITOUSDC	+0.0104%	4h	0.3531	−0.222%	$17K	$328K	5x	as long as short
Extended KAITO-USD	+0.0104%	1h	0.3536	−0.088%	$81K	$63K	10x	as long as short
Aevo KAITO-PERP	+0.0104%	1h	0.3535	−0.113%	$245K	—	3x	as long as short
Paradex KAITO-USD-PERP	+0.0108%	8h	0.3537	−0.058%	$4K	$604	10x	as long as short
Hyperliquid KAITOshort	+0.0363%	1h	0.3540	+0.025%	$2.1M	$897K	5x
Kraken Futures PF_KAITOUSD	+0.0661%	1h	0.3529	−0.275%	$249K	$164K	10x	as long as short
Lighter KAITO	+0.0896%	1h	0.3547	+0.218%	$87K	$102K	5x	as long as short
01 Exchange KAITOUSD	+0.2720%	1h	0.3532	−0.192%	$6K	$917	3x	as long as short