Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%
Price spread now: KuCoin against Hyperliquid−0.085%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs−$275as in the Price arb table
costs, in and out, $10k−$2682.684% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 3 days (all we have)+0.003%$0 · spread now −0.085%, 7d avg −0.023%
=Together, before fees+0.060%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 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 0.063% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid W | 0.01170 | 0.0100 | pay 0.0013% / 1h | 5m 31s | $2.0M | $507K | 5x |
| Short | KuCoin WUSDTM | 0.01169 | 0.0100 | get 0.0050% / 4h | 5m 31s | $415K | $244K | 50x |
Hyperliquid W
KuCoin WUSDTMFunding 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: −0.085% → −0.023%
- −$6.27
- Slippage, 4 orders
- −$247.4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$274.67
- Costs to cover
- 2.684%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; KuCoin: live order book, 20 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, 10 min ago | 4.27 bp | 19.0 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 20 min ago | 4.27 bp | 119.3 bp −$119 | 435.6 bp −$4,356 | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0262% | 1h | 0.01171 | +0.051% | $17K | $531 | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.333% | $1K | $10K | 12x | as long as short |
| Hyperliquid Wlong | +0.0100% | 1h | 0.01170 | long leg | $2.0M | $507K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01171 | +0.060% | $2.9M | $8.0M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01169 | −0.120% | $4.1M | $2.2M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01170 | 0.000% | $1.3M | $2.3M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01169 | −0.077% | $442K | $321K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01170 | 0.000% | $12.9M | $1.8M | 50x | as long as short |
| KuCoin WUSDTMshort | +0.0100% | 4h | 0.01169 | −0.085% | $415K | $244K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01171 | +0.085% | $1.2M | $570K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01170 | +0.034% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01172 | +0.137% | $43K | $52K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01168 | −0.159% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01170 | −0.032% | $133K | $431K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01170 | −0.001% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0120% | 1h | 0.01172 | +0.205% | $14K | $19K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1075% | 1h | 0.01173 | +0.255% | $145K | $190K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD