Funding arb · Price arb /

TIA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.045%

Price spread now: KuCoin against Hyperliquid−0.196%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$780.785% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days+0.213%+$21 · spread now −0.196%, 7d avg −0.054%

Together, before fees+0.214%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.142% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.054%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TIA	0.4388	0.0100	pay 0.0013% / 1h	28m 47s	$4.5M	$1.5M	5x
Short	KuCoin TIAUSDTM	0.4379	−0.0028	pay 0.0014% / 4h	3h 28m	$4.2M	$8.8M	50x

Funding 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 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 HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$26.88
Price spread: −0.196% → −0.054%: −$14.2
Slippage, 4 orders: −$57.47
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$119.55
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; KuCoin: live order book, 4 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, 3 min ago	0.57 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.29 bp	26.8 bp −$27	84.4 bp −$844	doesn't fit	doesn't fit

TIA 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
OKX TIA-USDT-SWAP	−0.0169%	4h	0.4380	−0.173%	$2.8M	$5.9M	50x	as long as short
Kraken Futures PF_TIAUSD	−0.0153%	1h	0.4380	−0.178%	$360K	$232K	50x	as long as short
KuCoin TIAUSDTMshort	−0.0028%	4h	0.4379	−0.196%	$4.2M	$8.8M	50x
Deribit TIA_USDC-PERPETUAL	0.0000%	1h	0.4379	−0.196%	$30K	$27K	25x	as long as short
gTrade (Gains Network) TIA/USD	L +0.0002% / S 0.0000%	1h	0.4378	−0.216%	$1K	—	150x	as long as short
Lighter TIA	+0.0096%	1h	0.4388	+0.009%	$140K	$359K	10x	as long as short
ApeX Omni TIAUSDT	+0.0098%	1h	0.4376	−0.264%	$49K	$235K	50x	as long as short
Orderly PERP_TIA_USDC	+0.0098%	4h	0.4378	−0.219%	$5K	$362K	10x	as long as short
Hyperliquid TIAlong	+0.0100%	1h	0.4388	long leg	$4.5M	$1.5M	5x
Aster TIAUSDT	+0.0100%	4h	0.4381	−0.154%	$34K	$249K	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance TIAUSDT	+0.0100%	4h	0.4383	−0.105%	$14.6M	$41.1M	75x	as long as short
Bybit TIAUSDT	+0.0100%	4h	0.4380	−0.173%	$9.6M	$12.8M	50x	as long as short
Gate TIA_USDT	+0.0100%	4h	0.4380	−0.173%	$983K	$1.8M	75x	as long as short
MEXC TIA_USDT	+0.0100%	4h	0.4384	−0.082%	$13.2M	$6.7M	300x	as long as short
Bitget TIAUSDT	+0.0100%	4h	0.4384	−0.082%	$4.5M	$3.2M	75x	as long as short
BingX TIA-USDT	+0.0100%	4h	0.4381	−0.150%	—	$98.9M	—	as long as short
Backpack TIA_USDC_PERP	+0.0100%	1h	0.4378	−0.223%	$101K	$153K	10x	as long as short
Variational Omni TIA	+0.0100%	4h	0.4378	−0.223%	$102K	$84K	—	as long as short
HTX TIA-USDT	+0.0100%	4h	0.4379	−0.196%	$58K	$68K	50x	as long as short
Extended TIA-USD	+0.0104%	1h	0.4381	−0.149%	$54K	$170K	25x	as long as short
Aevo TIA-PERP	+0.0104%	1h	0.4377	−0.243%	$7K	—	3x	as long as short
Injective TIA/USDC PERP	+0.0117%	1h	0.4383	−0.105%	$27K	$10K	12x	as long as short
Reya TIARUSDPERP	+0.0179%	1h	0.4376	−0.255%	$6K	—	15x	as long as short
Coinbase International TIA-PERP-INTX	+0.0256%	1h	0.4389	+0.032%	$51K	$75K	50x	as long as short
BloFin TIA-USDT	+0.0340%	4h	0.4377	−0.242%	$1.2M	$578K	75x	as long as short
GMX TIA/USD [ETH-USDC]	L +0.0460% / S −0.3505%	1h	0.4379	−0.201%	$36K	—	100x	as long as short
dYdX TIA-USD	+0.0997%	1h	0.4382	−0.128%	$52K	$59	10x	as long as short