Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Hyperliquid against KuCoin+0.219%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$980.980% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)−0.225%−$23 · spread now +0.219%, 7d avg +0.099%
=Together, before fees−0.197%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 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: Hyperliquid is 0.119% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.099%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ORDIUSDTM | 4.9830 | 0.0100 | pay 0.0050% / 4h | 3h 05m | $941K | $828K | 50x |
| Short | Hyperliquid ORDI | 4.9939 | 0.0100 | get 0.0013% / 1h | 5m 19s | $723K | $649K | 3x |
KuCoin ORDIUSDTM
Hyperliquid ORDIFunding 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 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: +0.219% → +0.099%
- $11.93
- Slippage, 4 orders
- −$76.97
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$86.04
- Costs to cover
- 0.980%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 59 min ago; Hyperliquid: live order book, 55 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, 59 min ago | 6.05 bp | 30.6 bp −$31 | 1065.6 bp −$10.7K | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 55 min ago | 2.46 bp | 26.8 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
ORDI on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ORDI-USD | 0.0000% | 1h | 4.9826 | −0.008% | $34K | $651 | 5x | as long as short |
| Injective ORDI/USDC PERP | +0.0033% | 1h | 4.5550 | −8.589% | $776 | $20K | 5.5x | as long as short |
| BloFin ORDI-USDT | +0.0049% | 4h | 4.9850 | +0.040% | $615K | $317K | 75x | as long as short |
| Hyperliquid ORDIshort | +0.0100% | 1h | 4.9939 | +0.219% | $723K | $649K | 3x | |
| Aster ORDIUSDT | +0.0100% | 4h | 4.9896 | +0.133% | $3K | $423K | 5x | as long as short |
| Binance ORDIUSDT | +0.0100% | 4h | 4.9898 | +0.136% | $10.3M | $31.9M | 50x | as long as short |
| Bybit ORDIUSDT | +0.0100% | 4h | 4.9840 | +0.020% | $4.2M | $4.3M | 50x | as long as short |
| OKX ORDI-USDT-SWAP | +0.0100% | 4h | 4.9880 | +0.100% | $5.5M | $17.1M | 20x | as long as short |
| Gate ORDI_USDT | +0.0100% | 4h | 4.9840 | +0.020% | $1.3M | $2.7M | 50x | as long as short |
| MEXC ORDI_USDT | +0.0100% | 4h | 4.9890 | +0.120% | $7.2M | $3.4M | 200x | as long as short |
dYdX ORDI-USD
Injective ORDI/USDC PERP
BloFin ORDI-USDT
Aster ORDIUSDT
Binance ORDIUSDT
Bybit ORDIUSDT
OKX ORDI-USDT-SWAP
Gate ORDI_USDT
MEXC ORDI_USDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ORDIUSDTMlong | +0.0100% | 4h | 4.9830 | long leg | $941K | $828K | 50x | |
| Bitget ORDIUSDT | +0.0100% | 4h | 4.9890 | +0.120% | $2.9M | $3.1M | 50x | as long as short |
| BingX ORDI-USDC | +0.0100% | 4h | 4.9830 | 0.000% | — | $2.3M | — | as long as short |
| Variational Omni ORDI | +0.0100% | 4h | 4.9621 | −0.420% | $24K | $56K | — | as long as short |
| SunX ORDI-USDT | +0.0100% | 4h | 4.9780 | −0.100% | $2K | $1.2M | 20x | as long as short |
| HTX ORDI-USDT | +0.0100% | 4h | 4.9850 | +0.040% | $91K | $351K | 75x | as long as short |
| Extended ORDI-USD | +0.0104% | 1h | 4.9885 | +0.111% | $4K | $192K | 5x | as long as short |
| GMX ORDI/USD [WBTC.b-USDC] | L +0.0240% / S −0.3359% | 1h | 4.9894 | +0.128% | $9K | — | 100x | as long as short |
| Kraken Futures PF_ORDIUSD | +0.2898% | 1h | 5.0098 | +0.538% | $67K | $40K | 25x | as long as short |
Bitget ORDIUSDT
BingX ORDI-USDC
Variational Omni ORDI
SunX ORDI-USDT
HTX ORDI-USDT
Extended ORDI-USD
GMX ORDI/USD [WBTC.b-USDC]
Kraken Futures PF_ORDIUSD