Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%
Price spread now: Bybit against Hyperliquid−0.092%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1171.173% of the position
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 7 days+0.118%+$12 · spread now −0.092%, 7d avg +0.003%
=Together, before fees+0.147%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 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: Bybit is 0.095% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALT | 0.007598 | 0.0100 | pay 0.0013% / 1h | 57m 48s | $1.1M | $193K | 3x |
| Short | Bybit ALTUSDT | 0.007591 | 0.0100 | get 0.0050% / 4h | 57m 48s | $1.2M | $1.7M | 25x |
Hyperliquid ALT
Bybit ALTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. 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: −0.092% → +0.003%
- −$9.5
- Slippage, 4 orders
- −$97.31
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$126.81
- Costs to cover
- 1.173%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; Bybit: live order book, 4 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 Hyperliquid live order book, 2 min ago | 3.94 bp | 34.6 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.92 bp | 34.7 bp −$35 | 134.0 bp −$1,340 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALT_USDC-PERPETUAL | 0.0000% | 1h | 0.007610 | +0.158% | — | $0 | 25x | as long as short |
| BloFin ALT-USDT | +0.0063% | 4h | 0.007610 | +0.158% | $125K | $10K | 50x | as long as short |
| Hyperliquid ALTlong | +0.0100% | 1h | 0.007598 | long leg | $1.1M | $193K | 3x | |
| Binance ALTUSDT | +0.0100% | 4h | 0.007595 | −0.039% | $2.6M | $3.7M | 50x | as long as short |
| Bybit ALTUSDTshort | +0.0100% | 4h | 0.007591 | −0.092% | $1.2M | $1.7M | 25x | |
| Gate ALT_USDT | +0.0100% | 8h | 0.007611 | +0.171% | $48K | $389K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007597 | −0.013% | $404K | $183K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007618 | +0.263% | $151K | $20K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007598 | 0.000% | $599K | $107K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007600 | +0.026% | — | $1.3M | — | as long as short |
Deribit ALT_USDC-PERPETUAL
BloFin ALT-USDT
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDT
BingX ALT-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ALT | +0.0100% | 4h | 0.007607 | +0.124% | $4K | $16K | — | as long as short |
| Kraken Futures PF_ALTUSD | +0.0314% | 1h | 0.007612 | +0.190% | $44K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0456% | 1h | 0.007700 | +1.342% | $14K | $3K | 50x | as long as short |
| Injective ALT/USDC PERP | +0.5000% | 1h | 0.007691 | +1.224% | $837 | $4K | 5.5x | as long as short |
Variational Omni ALT
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX
Injective ALT/USDC PERP