Funding you earn now, next payment 06:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h +0.366%
Price spread now: Hyperliquid against Bybit+0.189%7-day average +0.322% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$258as in the Price arb table
costs, in and out, $10k−$2452.448% of the position
Funding, last 7 days+0.786%+$79 on $10k
+Price spread, last 7 days+0.073%+$7 · spread now +0.189%, 7d avg +0.322%
=Together, before fees+0.859%+ Points / potential airdropHyperliquid: Season 2 · farm board+$86 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.133% cheaper against Bybit than usual: you would sell low and buy high (spread +0.189% now, against its 7-day average of +0.322%). If the spread goes back, that is −$13 on $10k: about 7.9 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.786% in total) that is about 28 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit APEXUSDT | 0.2598 | 0.0100 | pay 0.0050% / 4h | 2h 00m | $3.6M | $1.3M | 25x |
| Short | Hyperliquid APEX | 0.2603 | 0.0157 | get 0.0020% / 1h | 0m 30s | $2.9M | $110K | 3x |
Bybit APEXUSDT
Hyperliquid APEXFunding 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
- $11.87
- Price spread: +0.189% → +0.322%
- −$13.31
- Slippage, 4 orders
- −$224.82
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$246.27
- Costs to cover
- 2.448%
- Break-even
- 152.2 days
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 1 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, 2 min ago | 9.61 bp | 60.6 bp −$61 | 658.6 bp −$6,586 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 8.44 bp | 61.0 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
APEX on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin APEX-USDT | +0.0049% | 4h | 0.2602 | +0.154% | $94K | $3K | 25x | as long as short |
| Bybit APEXUSDTlong | +0.0100% | 4h | 0.2598 | long leg | $3.6M | $1.3M | 25x | |
| MEXC APEX_USDT | +0.0100% | 4h | 0.2600 | +0.077% | $599K | $255K | 50x | as long as short |
| BingX APEX-USDT | +0.0100% | 4h | 0.2601 | +0.115% | — | $1.3M | — | as long as short |
| Variational Omni APEX | +0.0100% | 4h | 0.2602 | +0.135% | $19K | $5K | — | as long as short |
| ApeX Omni APEXUSDT | +0.0100% | 1h | 0.2595 | −0.115% | $138K | $373K | 50x | as long as short |
| Hyperliquid APEXshort | +0.0157% | 1h | 0.2603 | +0.189% | $2.9M | $110K | 3x | |
| Lighter APEX | +0.0616% | 1h | 0.2610 | +0.454% | $59K | $24K | 5x | as long as short |
BloFin APEX-USDT
MEXC APEX_USDT
BingX APEX-USDT
Variational Omni APEX
ApeX Omni APEXUSDT
Lighter APEX