Funding you earn now, next payment 04:00 UTC+0.0627%/8h= +68.7% APRpaid last 24h +0.035%
Price spread now: Hyperliquid against Bybit+0.098%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1111.108% of the position
Funding, last 7 days+0.231%+$23 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now +0.098%, 7d avg +0.122%
=Together, before fees+0.171%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.024% cheaper against Bybit than usual: you would sell low and buy high (spread +0.098% now, against its 7-day average of +0.122%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.231% in total) that is about 17 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 12.1% 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 CHIPUSDT | 0.04687 | −0.0527 | get 0.0264% / 4h | 57m 55s | $10.8M | $8.9M | 20x |
| Short | Hyperliquid CHIP | 0.04692 | 0.0100 | get 0.0013% / 1h | 57m 55s | $14.7M | $6.2M | 3x |
Bybit CHIPUSDT
Hyperliquid CHIPFunding 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
- $131.77
- Price spread: +0.098% → +0.122%
- −$2.37
- Slippage, 4 orders
- −$90.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $18.6
- Costs to cover
- 1.108%
- Break-even
- 6.0 days
Slippage from Bybit: live order book, 5 min ago; Hyperliquid: live order book, 5 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, 5 min ago | 3.18 bp | 27.6 bp −$28 | 145.8 bp −$1,458 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 2.33 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
CHIP on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CHIPUSDT | −0.0682% | 1h | 0.04710 | +0.491% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDTlong | −0.0527% | 4h | 0.04687 | long leg | $10.8M | $8.9M | 20x | |
| Backpack CHIP_USDC_PERP | −0.0522% | 1h | 0.04690 | +0.064% | $32K | $242K | 5x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04710 | +0.491% | $3K | $129K | 5x | as long as short |
| OKX CHIP-USDT-SWAP | −0.0319% | 4h | 0.04680 | −0.149% | $2.0M | $9.4M | 20x | as long as short |
| Aster CHIPUSDT | −0.0087% | 4h | 0.04693 | +0.137% | $50K | $274K | 5x | as long as short |
| Nado CHIP-PERP | +0.0035% | 1h | 0.04698 | +0.224% | $238K | $20K | 5x | as long as short |
| MEXC CHIP_USDT | +0.0070% | 4h | 0.04684 | −0.064% | $1.8M | $1.2M | 50x | as long as short |
| Extended CHIP-USD | +0.0072% | 1h | 0.04678 | −0.183% | $214K | $1.9M | 5x | as long as short |
| Binance CHIPUSDT | +0.0075% | 4h | 0.04682 | −0.114% | $14.2M | $26.6M | 50x | as long as short |
ApeX Omni CHIPUSDT
Backpack CHIP_USDC_PERP
Phoenix CHIP
OKX CHIP-USDT-SWAP
Aster CHIPUSDT
Nado CHIP-PERP
MEXC CHIP_USDT
Extended CHIP-USD
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin CHIP-USDT | +0.0090% | 4h | 0.04704 | +0.363% | $571K | $63K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04690 | +0.064% | $87K | $107K | 3x | as long as short |
| Hyperliquid CHIPshort | +0.0100% | 1h | 0.04692 | +0.098% | $14.7M | $6.2M | 3x | |
| Pacifica CHIP | +0.0100% | 1h | 0.04710 | +0.491% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04693 | +0.128% | $684K | $948K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04690 | +0.064% | $982K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04685 | −0.043% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04682 | −0.107% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04705 | +0.374% | $838K | $529K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04690 | +0.064% | $864 | $1.0M | 10x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | +0.0175% | 1h | 0.04704 | +0.361% | $10K | $24K | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0392% | 1h | 0.04721 | +0.719% | $230 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +3.580% | $47K | $42K | 50x | as long as short |
BloFin CHIP-USDT
Lighter CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Deribit CHIP_USDC-PERPETUAL
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX