Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%
Price spread now: Hyperliquid against Bybit+0.053%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1051.052% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 7 days−0.094%−$9 · spread now +0.053%, 7d avg −0.002%
=Together, before fees−0.126%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 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 0.055% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ALTUSDT | 0.007511 | 0.0100 | pay 0.0050% / 4h | 43m 28s | $1.2M | $1.8M | 25x |
| Short | Hyperliquid ALT | 0.007515 | 0.0100 | get 0.0013% / 1h | 43m 28s | $1.1M | $136K | 3x |
Bybit ALTUSDT
Hyperliquid ALTFunding 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
- $0
- Price spread: +0.053% → −0.002%
- $5.54
- Slippage, 4 orders
- −$85.2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$99.67
- Costs to cover
- 1.052%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Hyperliquid: live order book, 7 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, 3 min ago | 5.99 bp | 29.0 bp −$29 | 136.8 bp −$1,368 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 3.33 bp | 20.8 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
ALT on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALTUSD | −0.0141% | 1h | 0.007519 | +0.105% | $44K | $8K | 10x | as long as short |
| Injective ALT/USDC PERP | +0.0033% | 1h | 0.007691 | +2.396% | $837 | $22 | 5.5x | as long as short |
| BloFin ALT-USDT | +0.0092% | 4h | 0.007524 | +0.173% | $168K | $8K | 50x | as long as short |
| Hyperliquid ALTshort | +0.0100% | 1h | 0.007515 | +0.053% | $1.1M | $136K | 3x | |
| Binance ALTUSDT | +0.0100% | 4h | 0.007520 | +0.122% | $2.6M | $3.4M | 50x | as long as short |
| Bybit ALTUSDTlong | +0.0100% | 4h | 0.007511 | long leg | $1.2M | $1.8M | 25x | |
| Gate ALT_USDT | +0.0100% | 8h | 0.007513 | +0.027% | $49K | $381K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007519 | +0.107% | $377K | $167K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007521 | +0.133% | $144K | $19K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007519 | +0.107% | $608K | $136K | 50x | as long as short |
Kraken Futures PF_ALTUSD
Injective ALT/USDC PERP
BloFin ALT-USDT
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ALT-USDT | +0.0100% | 4h | 0.007515 | +0.053% | — | $1.3M | — | as long as short |
| Variational Omni ALT | +0.0100% | 4h | 0.007514 | +0.040% | $4K | $16K | — | as long as short |
| Deribit ALT_USDC-PERPETUAL | +0.0415% | 1h | 0.007522 | +0.146% | — | $0 | 25x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0480% | 1h | 0.007542 | +0.413% | $13K | $2K | 50x | as long as short |
BingX ALT-USDT
Variational Omni ALT
Deribit ALT_USDC-PERPETUAL
Coinbase International ALT-PERP-INTX