Funding you earn now, next payment 05:00 UTC+0.0386%/8h= +42.3% APRpaid last 24h +0.009%
Price spread now: Hyperliquid against Bybit+0.280%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$4as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 7 days−0.279%−$28 · spread now +0.280%, 7d avg +0.010%
=Together, before fees−0.393%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.270% dearer against Bybit than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.114%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ADAUSDT | 0.2500 | 0.0100 | pay 0.0100% / 8h | 3h 34m | $74.2M | $112.6M | 75x |
| Short | Hyperliquid ADA | 0.2507 | 0.0486 | get 0.0061% / 1h | 34m 45s | $44.9M | $16.0M | 10x |
Bybit ADAUSDT
Hyperliquid ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $81.14
- Price spread: +0.280% → +0.010%
- $27.05
- Slippage, 4 orders
- −$10.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $77.3
- Costs to cover
- 0.309%
- Break-even
- 0.3 days
Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 2.00 bp | 7.5 bp −$7 | 12.0 bp −$120 | 37.3 bp −$3,728 | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.60 bp | 8.0 bp −$8 | 11.0 bp −$110 | doesn't fit | doesn't fit |
ADA on 37 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2501 | +0.032% | $206K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2507 | +0.280% | $164K | $6.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2506 | +0.235% | $86K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0025% | 1h | 0.2506 | +0.252% | $6.4M | $13.0M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −1.160% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2505 | +0.200% | $403K | $8.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2507 | +0.272% | $2.5M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2507 | +0.279% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2502 | +0.088% | $161K | $170K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2502 | +0.093% | $106.6M | $382.5M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDTlong | +0.0100% | 8h | 0.2500 | long leg | $74.2M | $112.6M | 75x | |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2502 | +0.080% | $33.6M | $110.9M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2504 | +0.160% | $102.3M | $60.8M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2501 | +0.040% | $61.3M | $61.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2502 | +0.064% | $30.1M | $15.3M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2501 | +0.040% | $68.1M | $51.2M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2505 | +0.200% | — | $6.6M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2508 | +0.322% | $4.4M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2508 | +0.312% | $67K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2503 | +0.106% | $293K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2507 | +0.280% | $231K | $753K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2509 | +0.352% | $95K | $616K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2506 | +0.240% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2507 | +0.285% | $41K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2508 | +0.318% | $9K | $738K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2506 | +0.260% | $345 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2508 | +0.320% | $1.4M | $6.6M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2506 | +0.240% | $48.9M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2505 | +0.211% | $542K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0113% | 8h | 0.2501 | +0.059% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2508 | +0.312% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2507 | +0.280% | $4.6M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0277% | 1h | 0.2508 | +0.340% | $1K | — | 15x | as long as short |
| Backpack ADA_USDC_PERP | +0.0342% | 1h | 0.2508 | +0.312% | $143K | $460K | 15x | as long as short |
| Hyperliquid ADAshort | +0.0486% | 1h | 0.2507 | +0.280% | $44.9M | $16.0M | 10x | |
| Deribit ADA_USDC-PERPETUAL | +0.0508% | 1h | 0.2508 | +0.316% | $622K | $523K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0618% / S −0.0569% | 1h | 0.2505 | +0.210% | $139K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Backpack ADA_USDC_PERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]