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What a Boros fixed spread costs at your size, against what funding actually realized.
Top of book · size at each rate in the books below.
Realized HL minus KC funding must average above this to win.
HL ask minus KC bid. At size it becomes an average fill — the ladder below prices it.
| Size | ~USD | A avg | B avg | Lock | Slip | B/e |
|---|---|---|---|---|---|---|
| 0.25 | $20.1K | 9.23% | 5.59% | +3.64pp | +1.10pp | +3.94pp |
| 0.5 | $40.3K | 9.23% | 5.35% | +3.88pp | +1.34pp | +4.18pp |
| 1 | $80.6K | 9.23% | 5.23% | +4.00pp | +1.46pp | +4.30pp |
| 2.5 | $201.4K | 9.23% | 5.16% | +4.07pp | +1.53pp | +4.37pp |
| 5 | $402.8K | 9.28% | 5.13% | +4.15pp | +1.61pp | +4.45pp |
| 10 | $805.6K | 9.33% | 5.12% | +4.20pp | +1.66pp | +4.50pp |
Enter a size to price your clip.
Sizes in YU (BTC) · visible book only · minimum margin
AMM curve included · incentive APR accrues on resting orders only
| Pair | Boros fixed | Breakeven | 7d residual | 30d residual | Beat b/e | Maturity | Min leg OI | OI | Status |
|---|---|---|---|---|---|---|---|---|---|
BTCHyperliquid-KuCoin | +2.54pp | +2.84pp | -1.16pp | +0.26pp | 59% | 30 Oct 2026 6d | $6.6M | $13.7M | Tight |
BTCHyperliquid-KuCoin | +3.58pp | +3.88pp | -2.21pp | -0.79pp | 67% | 27 Nov 2026 34d | $923.1K | $2.0M | Tight |
BTCHyperliquid-KuCoin | +2.71pp | +3.01pp | -1.33pp | +0.09pp | 100% | 25 Dec 2026 62d | $0.00 | $258.4K | Tight |
OI is not slippage · residuals vs each row's breakeven