Funding you earn now, next payment 00:00 UTC+0.0665%/8h= +72.8% APRpaid last 24h +0.156%
Price spread now: Hyperliquid against Bybit+0.113%7-day average +0.165% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1021.019% of the position
Funding, last 7 days+0.231%+$23 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now +0.113%, 7d avg +0.165%
=Together, before fees+0.194%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.052% cheaper against Bybit than usual: you would sell low and buy high (spread +0.113% now, against its 7-day average of +0.165%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.231% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.231% in total (about 12.0% 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 CFXUSDT | 0.05384 | 0.0100 | pay 0.0100% / 8h | 37m 39s | $2.4M | $1.8M | 25x |
| Short | Hyperliquid CFX | 0.05390 | 0.0765 | get 0.0096% / 1h | 37m 39s | $3.2M | $394K | 5x |
Bybit CFXUSDT
Hyperliquid CFXFunding 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
- $139.58
- Price spread: +0.113% → +0.165%
- −$5.21
- Slippage, 4 orders
- −$81.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $32.45
- Costs to cover
- 1.019%
- Break-even
- 5.4 days
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: 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 Bybit live order book, 4 min ago | 1.86 bp | 29.5 bp −$29 | 852.1 bp −$8,521 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.30 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05380 | −0.069% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05378 | −0.106% | $5.4M | $11.2M | 75x | as long as short |
| Bybit CFXUSDTlong | +0.0100% | 8h | 0.05384 | long leg | $2.4M | $1.8M | 25x | |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05380 | −0.074% | $2.5M | $6.3M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05378 | −0.111% | $1.1M | $3.0M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05379 | −0.093% | $3.4M | $1.7M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05382 | −0.037% | $891K | $295K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05376 | −0.149% | $1.6M | $1.5M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05380 | −0.074% | — | $20.7M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05386 | +0.043% | $38K | $41K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05387 | +0.050% | $511K | $1.9M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05377 | −0.124% | $134 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0400% | 1h | 0.05394 | +0.186% | $35K | $197K | 50x | as long as short |
| Hyperliquid CFXshort | +0.0765% | 1h | 0.05390 | +0.113% | $3.2M | $394K | 5x | |
| Kraken Futures PF_CFXUSD | +0.1104% | 1h | 0.05386 | +0.038% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2538% | 1h | 0.05395 | +0.204% | $142 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL