Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid+0.222%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$938as in the Funding arb table
Net, price: spread back to 7d avg − costs−$918as in the Price arb table
costs, in and out, $10k−$9389.380% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.222%, 7d avg +0.020%
=Together, before fees−0.138%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 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: KuCoin is 0.202% dearer against Hyperliquid than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USUAL | 0.01353 | 0.0100 | pay 0.0013% / 1h | 20m 00s | $387K | $226K | 3x |
| Short | KuCoin USUALUSDTM | 0.01356 | 0.0100 | get 0.0050% / 4h | 1h 20m | $280K | $61K | 20x |
Hyperliquid USUAL
KuCoin USUALUSDTMFunding 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
- $0
- Price spread: +0.222% → +0.020%
- $20.2
- Slippage, 4 orders
- −$916.98
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$917.79
- Costs to cover
- 9.380%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 50 min ago; KuCoin: live order book, 51 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, 50 min ago | 3.69 bp | 23.8 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 51 min ago | 29.45 bp | 604.3 bp −$604 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 USUAL/USDC PERP | −0.4025% | 1h | 0.01335 | −1.330% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0708% | 1h | 0.01353 | −0.030% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUALlong | +0.0100% | 1h | 0.01353 | long leg | $387K | $226K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01354 | +0.088% | $2.1M | $3.4M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01355 | +0.148% | $1.0M | $867K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01355 | +0.148% | $904K | $213K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01353 | −0.030% | $5.9M | $260K | 100x | as long as short |
| KuCoin USUALUSDTMshort | +0.0100% | 4h | 0.01356 | +0.222% | $280K | $61K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01355 | +0.148% | $819K | $475K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01354 | +0.074% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01356 | +0.194% | $9K | $208 | — | as long as short |
Variational Omni USUAL