Funding you earn now, next payment 02:00 UTC+0.0263%/8h= +28.8% APRpaid last 24h +0.021%
Price spread now: Hyperliquid against Bybit+0.094%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 7 days−0.035%−$4 · spread now +0.094%, 7d avg −0.003%
=Together, before fees−0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.097% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.003%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.004% in total (about 0.2% 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 ATOMUSDT | 1.8015 | −0.0163 | get 0.0163% / 8h | 6h 52m | $15.0M | $10.8M | 75x |
| Short | Hyperliquid ATOM | 1.8032 | 0.0100 | get 0.0013% / 1h | 52m 46s | $2.8M | $854K | 5x |
Bybit ATOMUSDT
Hyperliquid ATOMFunding 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
- $55.26
- Price spread: +0.094% → −0.003%
- $9.72
- Slippage, 4 orders
- −$32.17
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $12.8
- Costs to cover
- 0.522%
- Break-even
- 5.4 days
Slippage from Bybit: live order book, 1 min ago; Hyperliquid: live order book, 8 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, 1 min ago | 2.78 bp | 12.6 bp −$13 | 33.8 bp −$338 | 275.5 bp −$27.6K | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.83 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
ATOM on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ATOMUSDTlong | −0.0163% | 8h | 1.8015 | long leg | $15.0M | $10.8M | 75x | |
| OKX ATOM-USDT-SWAP | −0.0081% | 8h | 1.8020 | +0.028% | $5.1M | $5.7M | 50x | as long as short |
| Variational Omni ATOM | −0.0081% | 8h | 1.7902 | −0.626% | $573K | $76K | — | as long as short |
| Kraken Futures PF_ATOMUSD | −0.0010% | 1h | 1.8024 | +0.048% | $3.1M | $700K | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8037 | +0.123% | $63K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8019 | +0.022% | $495 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8015 | +0.002% | $12K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0024% | 1h | 1.7940 | −0.416% | $25K | $12K | 25x | as long as short |
| BloFin ATOM-USDT | +0.0075% | 8h | 1.7990 | −0.139% | $1.1M | $323K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0093% | 8h | 1.8010 | −0.028% | $1.6M | $1.9M | 50x | as long as short |
OKX ATOM-USDT-SWAP
Variational Omni ATOM
Kraken Futures PF_ATOMUSD
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
BloFin ATOM-USDT
Phemex ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ATOMshort | +0.0100% | 1h | 1.8032 | +0.094% | $2.8M | $854K | 5x | |
| Aster ATOMUSDT | +0.0100% | 8h | 1.7995 | −0.113% | $975K | $245K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8037 | +0.121% | $21.4M | $31.7M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8020 | +0.028% | $2.5M | $818K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8030 | +0.083% | $8.7M | $3.1M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8050 | +0.194% | $1.6M | $795K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8031 | +0.089% | $6.8M | $2.9M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8030 | +0.083% | — | $24.7M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.7982 | −0.186% | $442K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.7948 | −0.371% | $762K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.7985 | −0.167% | $313K | $181K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8020 | +0.029% | $9K | $207K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0171% | 1h | 1.7940 | −0.416% | $654 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8017 | +0.009% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.7997 | −0.098% | $2K | — | 25x | as long as short |
Aster ATOMUSDT
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP