Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.054%
Price spread now: Hyperliquid against Bybit+0.103%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$240.238% of the position
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 7 days−0.083%−$8 · spread now +0.103%, 7d avg +0.056%
=Together, before fees+0.037%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 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 0.048% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.056%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BNBUSDT | 785.30 | 0.0100 | pay 0.0100% / 8h | 7h 40m | $138.3M | $73.2M | 75x |
| Short | Hyperliquid BNB | 786.11 | 0.0100 | get 0.0013% / 1h | 40m 23s | $51.6M | $17.6M | 10x |
Bybit BNBUSDT
Hyperliquid BNBFunding 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: +0.103% → +0.056%
- $4.75
- Slippage, 4 orders
- −$3.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$19.09
- Costs to cover
- 0.238%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 3 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 | 0.64 bp | 6.1 bp −$6 | 8.3 bp −$83 | 21.3 bp −$2,128 | 138.9 bp −$69.5K |
| Sell Hyperliquid live order book, 3 min ago | 0.06 bp | 5.6 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0168% / S +0.0337% | 1h | 786.16 | +0.110% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 785.87 | +0.073% | $4K | — | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0021% | 1h | 785.53 | +0.029% | $2.5M | $1.2M | 50x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 786.60 | +0.166% | $3.0M | $27.6M | 10x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 787.05 | +0.223% | $849K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 785.45 | +0.019% | $9.5M | — | 150x | as long as short |
| Aster BNBUSDT | +0.0025% | 8h | 785.93 | +0.080% | $6.0M | $18.5M | 200x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.520% | $19K | $789K | 30x | as long as short |
| BingX BNB-USDC | +0.0035% | 8h | 785.76 | +0.059% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0040% | 8h | 787.10 | +0.229% | $82.4M | $12.2M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
GRVT BNB_USDT_Perp
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Aster BNBUSDT
Injective BNB/USDC PERP
BingX BNB-USDC
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0041% | 8h | 785.97 | +0.085% | $489.0M | $812.5M | 75x | as long as short |
| Lighter BNB | +0.0096% | 1h | 785.96 | +0.084% | $2.7M | $3.6M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 785.60 | +0.038% | $1.3M | $2.6M | 20x | as long as short |
| Hyperliquid BNBshort | +0.0100% | 1h | 786.11 | +0.103% | $51.6M | $17.6M | 10x | |
| Pacifica BNB | +0.0100% | 1h | 786.05 | +0.096% | $1.2M | $937K | 20x | as long as short |
| Bybit BNBUSDTlong | +0.0100% | 8h | 785.30 | long leg | $138.3M | $73.2M | 75x | |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 785.20 | −0.013% | $53.4M | $110.9M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 785.90 | +0.076% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 785.50 | +0.025% | $39.3M | $55.6M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 785.03 | −0.034% | $27.7M | $10.2M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 785.06 | −0.031% | $75.3M | $32.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 786.44 | +0.145% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 785.22 | −0.010% | $4.3M | $4.9M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 787.34 | +0.260% | $4.1M | $76.9M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 787.16 | +0.237% | $158K | $439K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 785.71 | +0.052% | $131K | $942K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 785.56 | +0.033% | $264K | $358K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 785.66 | +0.046% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 786.04 | +0.095% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 785.60 | +0.038% | $386K | $946K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 785.91 | +0.077% | $1.5M | $141K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 785.75 | +0.058% | $8.0M | $10.3M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 786.28 | +0.125% | $78K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 785.35 | +0.006% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 785.41 | +0.013% | $377K | $110K | 10x | as long as short |
| dYdX BNB-USD | +0.0111% | 1h | 785.69 | +0.050% | $157K | $64K | 10x | as long as short |
| Kalshi KXBNBPERP | +0.0113% | 8h | 786.10 | +0.102% | $159K | $2.6M | 4.8x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0120% | 1h | 786.59 | +0.164% | $548K | $1.9M | 50x | as long as short |
| Phoenix BNB | +0.0120% | 1h | 786.53 | +0.157% | $158K | $38K | 10x | as long as short |
| BloFin BNB-USDT | +0.0161% | 8h | 786.06 | +0.097% | $17.7M | $2.2M | 75x | as long as short |
| Phemex BNBUSDT | +0.0185% | 8h | 786.22 | +0.117% | $68.5M | $51.2M | 50x | as long as short |
| Bulk BNB-USD | +0.0215% | 1h | 787.68 | +0.303% | $638K | $831 | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0232% | 1h | 786.20 | +0.115% | $28K | $3K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0319% | 1h | 785.16 | −0.018% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0355% | 1h | 785.88 | +0.074% | $1.1M | $911K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0416% | 1h | 785.98 | +0.087% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
dYdX BNB-USD
Kalshi KXBNBPERP
Coinbase International BNB-PERP-INTX
Phoenix BNB
BloFin BNB-USDT
Phemex BNBUSDT
Bulk BNB-USD
01 Exchange BNBUSD
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P