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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 |
|---|---|---|---|---|---|---|
| 0.5 | $32.2K | 8.36% | 4.21% | +4.15pp | +0.57pp | +4.45pp |
| 1 | $64.5K | 8.38% | 3.93% | +4.45pp | +0.87pp | +4.75pp |
| 2 | $128.9K | 8.43% | 3.80% | +4.64pp | +1.06pp | +4.94pp |
| 5 | $322.4K | 8.47% | 3.71% | +4.76pp | +1.18pp | +5.06pp |
| 10 | $644.8K | 8.49% | 3.69% | +4.80pp | +1.22pp | +5.10pp |
| 20 | $1.3M | 8.49% | 3.55% | +4.94pp | +1.36pp | +5.24pp |
Enter a size to price your clip.
Sizes in BTC (raw YU) · visible book only, caps are floors · margin is a minimum
AMM curve included · incentive APR accrues on resting orders only
| Pair | Boros fixed | Breakeven | 7d residual | 30d residual | Tenor pctile | Maturity | Min leg OI | OI | Status |
|---|---|---|---|---|---|---|---|---|---|
BTCHyperliquid-KuCoin | +3.57pp | +3.87pp | +13.53pp | +2.77pp | 41% | 31 Jul 2026 5d | $10.3M | $26.1M | Interesting |
BTCHyperliquid-KuCoin | +3.68pp | +3.98pp | +13.42pp | +2.67pp | 26% | 28 Aug 2026 33d | $1.6M | $4.5M | Interesting |
BTCHyperliquid-KuCoin | +3.86pp | +4.16pp | +13.24pp | +2.49pp | 26% | 25 Sept 2026 61d | $108.1K | $701.5K | Interesting |
OI is not slippage · residuals vs each row's breakeven