Funding you earn now, next payment 23:00 UTC+0.1379%/8h= +151.0% APRpaid last 24h +0.082%
Price spread now: Hyperliquid against KuCoin+0.099%7-day average +0.124% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)+0.195%+$20 · spread now +0.099%, 7d avg +0.124%
=Together, before fees+0.291%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.099% now, against its 7-day average of +0.124%). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$41 a day). At the pace of the last 7 days (+0.096% in total) that is about 44 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% 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 POPCATUSDTM | 0.05471 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $1.1M | $995K | 50x |
| Short | Hyperliquid POPCAT | 0.05476 | 0.1479 | get 0.0185% / 1h | 59m 20s | $2.5M | $1.1M | 3x |
KuCoin POPCATUSDTM
Hyperliquid POPCATFunding 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
- $289.52
- Price spread: +0.099% → +0.124%
- −$2.52
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $266
- Costs to cover
- 0.210%
- Break-even
- 0.6 days
Slippage unknown: KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 2 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 KuCoin live order book, 5 min ago | 6.39 bp | 174.3 bp −$174 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 2.19 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.3374% | 1h | 0.05417 | −0.987% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0945% | 1h | 0.05410 | −1.106% | $138K | $114K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05467 | −0.069% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05466 | −0.091% | $99K | $45K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05471 | 0.000% | $2.3M | $6.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05460 | −0.201% | $8.7M | $5.8M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05460 | −0.201% | $671K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05460 | −0.201% | $414K | $649K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05472 | +0.018% | $1.9M | $918K | 200x | as long as short |
| KuCoin POPCATUSDTMlong | +0.0100% | 4h | 0.05471 | long leg | $1.1M | $995K | 50x |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05466 | −0.091% | $1.1M | $885K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05461 | −0.183% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05458 | −0.241% | $500K | $173K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05475 | +0.073% | $243K | $489K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05480 | +0.165% | $22K | $645K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05466 | −0.087% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05466 | −0.091% | $123K | $283K | 50x | as long as short |
| Hyperliquid POPCATshort | +0.1479% | 1h | 0.05476 | +0.099% | $2.5M | $1.1M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDC
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT