Funding you earn now, next payment 21:00 UTC+0.0419%/8h= +45.8% APRpaid last 24h +0.018%
Price spread now: Hyperliquid against Bybit+0.307%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$820.820% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 7 days−0.301%−$30 · spread now +0.307%, 7d avg +0.049%
=Together, before fees−0.444%+ Points / potential airdropHyperliquid: Season 2 · farm board−$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Hyperliquid is 0.258% dearer against Bybit than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.049%. Mind the row above: over the last 7 days funding on this pair cost −0.143%, 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 -0.143% in total (about -7.4% 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 BERAUSDT | 0.2277 | 0.0100 | pay 0.0050% / 4h | 3h 03m | $3.1M | $4.2M | 25x |
| Short | Hyperliquid BERA | 0.2284 | 0.0519 | get 0.0065% / 1h | 3m 12s | $2.9M | $1.0M | 5x |
Bybit BERAUSDT
Hyperliquid BERAFunding 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
- $87.9
- Price spread: +0.307% → +0.049%
- $25.82
- Slippage, 4 orders
- −$62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $31.73
- Costs to cover
- 0.820%
- Break-even
- 4.5 days
Slippage from Bybit: live order book, 4 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, 4 min ago | 4.40 bp | 24.5 bp −$25 | 76.1 bp −$761 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.66 bp | 19.1 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
BERA on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective BERA/USDC PERP | −0.5000% | 1h | 0.2147 | −5.709% | $2K | $4K | 12x | as long as short |
| Kraken Futures PF_BERAUSD | −0.2232% | 1h | 0.2281 | +0.163% | $51K | $27K | 20x | as long as short |
| Coinbase International BERA-PERP-INTX | −0.0344% | 1h | 0.2271 | −0.264% | $10K | $47K | 50x | as long as short |
| 01 Exchange BERAUSD | −0.0024% | 1h | 0.2280 | +0.132% | $4K | $2K | 5x | as long as short |
| Variational Omni BERA | +0.0081% | 4h | 0.2276 | −0.041% | $84K | $53K | — | as long as short |
| Lighter BERA | +0.0096% | 1h | 0.2280 | +0.123% | $63K | $93K | 5x | as long as short |
| Aster BERAUSDT | +0.0100% | 4h | 0.2282 | +0.240% | $13K | $28K | 5x | as long as short |
| Binance BERAUSDT | +0.0100% | 4h | 0.2280 | +0.132% | $5.5M | $13.9M | 50x | as long as short |
| Bybit BERAUSDTlong | +0.0100% | 4h | 0.2277 | long leg | $3.1M | $4.2M | 25x | |
| OKX BERA-USDT-SWAP | +0.0100% | 4h | 0.2276 | −0.044% | $1.5M | $3.3M | 20x | as long as short |
Injective BERA/USDC PERP
Kraken Futures PF_BERAUSD
Coinbase International BERA-PERP-INTX
01 Exchange BERAUSD
Variational Omni BERA
Lighter BERA
Aster BERAUSDT
Binance BERAUSDT
OKX BERA-USDT-SWAPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BERA_USDT | +0.0100% | 4h | 0.2279 | +0.088% | $341K | $391K | 50x | as long as short |
| MEXC BERA_USDT | +0.0100% | 4h | 0.2280 | +0.132% | $1.2M | $444K | 20x | as long as short |
| KuCoin BERAUSDTM | +0.0100% | 4h | 0.2277 | 0.000% | $552K | $220K | 50x | as long as short |
| Bitget BERAUSDT | +0.0100% | 4h | 0.2281 | +0.176% | $1.5M | $1.1M | 50x | as long as short |
| BingX BERA-USDT | +0.0100% | 4h | 0.2281 | +0.176% | — | $6.6M | — | as long as short |
| GRVT BERA_USDT_Perp | +0.0100% | 4h | 0.2280 | +0.137% | $113K | $3.0M | 10x | as long as short |
| ApeX Omni BERAUSDT | +0.0100% | 1h | 0.2280 | +0.132% | $32K | $458K | 50x | as long as short |
| Orderly PERP_BERA_USDC | +0.0100% | 4h | 0.2279 | +0.088% | $9K | $1K | 10x | as long as short |
| SoDEX BERA-USD | +0.0100% | 1h | 0.2280 | +0.127% | $374 | $6K | 5x | as long as short |
| BloFin BERA-USDT | +0.0128% | 4h | 0.2282 | +0.220% | $295K | $98K | 75x | as long as short |
| Deribit BERA_USDC-PERPETUAL | +0.0189% | 1h | 0.2280 | +0.132% | $4K | $64K | 25x | as long as short |
| GMX BERA/USD [ETH-USDC] | L +0.0206% / S −0.0592% | 1h | 0.2280 | +0.112% | $2K | — | 100x | as long as short |
| Backpack BERA_USDC_PERP | +0.0457% | 1h | 0.2281 | +0.193% | $37K | $161K | 5x | as long as short |
| Hyperliquid BERAshort | +0.0519% | 1h | 0.2284 | +0.307% | $2.9M | $1.0M | 5x |
Gate BERA_USDT
MEXC BERA_USDT
KuCoin BERAUSDTM
Bitget BERAUSDT
BingX BERA-USDT
GRVT BERA_USDT_Perp
ApeX Omni BERAUSDT
Orderly PERP_BERA_USDC
SoDEX BERA-USD
BloFin BERA-USDT
Deribit BERA_USDC-PERPETUAL
GMX BERA/USD [ETH-USDC]
Backpack BERA_USDC_PERP