Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%
Price spread now: Hyperliquid against KuCoin+0.086%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$274as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as 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 +0.086%, 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: Hyperliquid is 0.063% dearer against KuCoin than usual: you sell high and buy low, +$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 | KuCoin WUSDTM | 0.01169 | 0.0100 | pay 0.0050% / 4h | 6m 41s | $415K | $244K | 50x |
| Short | Hyperliquid W | 0.01170 | 0.0100 | get 0.0013% / 1h | 6m 41s | $2.0M | $507K | 5x |
KuCoin WUSDTM
Hyperliquid WFunding 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: +0.086% → +0.023%
- $6.28
- Slippage, 4 orders
- −$247.4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$262.12
- Costs to cover
- 2.684%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 19 min ago; Hyperliquid: live order book, 9 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, 19 min ago | 4.27 bp | 107.7 bp −$108 | 425.4 bp −$4,254 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 4.27 bp | 22.4 bp −$22 | doesn't fit | 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 | −0.0091% | 1h | 0.01171 | +0.180% | $18K | $531 | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.422% | $1K | $10K | 12x | as long as short |
| Hyperliquid Wshort | +0.0100% | 1h | 0.01170 | +0.086% | $2.0M | $507K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01170 | +0.090% | $2.9M | $8.0M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01168 | −0.068% | $4.1M | $2.2M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01169 | +0.026% | $1.3M | $2.3M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01169 | +0.026% | $442K | $321K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01170 | +0.094% | $12.9M | $1.8M | 50x | as long as short |
| KuCoin WUSDTMlong | +0.0100% | 4h | 0.01169 | long leg | $415K | $244K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01171 | +0.171% | $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 | 0.01171 | +0.171% | — | $6.9M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01172 | +0.248% | $43K | $52K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01168 | −0.048% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01170 | +0.086% | $133K | $431K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01170 | +0.080% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0120% | 1h | 0.01172 | +0.291% | $14K | $19K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1075% | 1h | 0.01173 | +0.341% | $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