Funding you earn now, next payment 03:00 UTC−0.0403%/8h= −44.1% APRpaid last 24h −0.035%
Price spread now: Bybit against Hyperliquid−0.158%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1171.166% of the position
Funding, last 7 days−0.231%−$23 on $10k
+Price spread, last 7 days+0.120%+$12 · spread now −0.158%, 7d avg −0.122%
=Together, before fees−0.112%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.036% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.122%). Swap the legs.
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 | Hyperliquid CHIP | 0.04754 | 0.0100 | pay 0.0013% / 1h | 47m 21s | $14.9M | $6.1M | 3x |
| Short | Bybit CHIPUSDT | 0.04747 | −0.0303 | pay 0.0151% / 4h | 1h 47m | $10.9M | $8.8M | 20x |
Hyperliquid CHIP
Bybit CHIPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. 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
- −$84.58
- Price spread: −0.158% → −0.122%
- −$3.59
- Slippage, 4 orders
- −$96.55
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$204.73
- Costs to cover
- 1.166%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Bybit: live order book, 1 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 Hyperliquid live order book, 5 min ago | 3.05 bp | 25.6 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.10 bp | 52.5 bp −$53 | 162.4 bp −$1,624 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.1939% | 1h | 0.04753 | −0.032% | $21K | $210K | 5x | as long as short |
| Phoenix CHIP | −0.0337% | 1h | 0.04747 | −0.158% | $3K | $130K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0323% | 1h | 0.04733 | −0.452% | $16K | $244K | 50x | as long as short |
| Bybit CHIPUSDTshort | −0.0303% | 4h | 0.04747 | −0.158% | $10.9M | $8.8M | 20x | |
| OKX CHIP-USDT-SWAP | −0.0174% | 4h | 0.04740 | −0.305% | $2.0M | $9.5M | 20x | as long as short |
| Deribit CHIP_USDC-PERPETUAL | 0.0000% | 1h | 0.04752 | −0.046% | $10K | $24K | 10x | as long as short |
| Aster CHIPUSDT | +0.0026% | 4h | 0.04747 | −0.151% | $45K | $271K | 5x | as long as short |
| BloFin CHIP-USDT | +0.0067% | 4h | 0.04744 | −0.221% | — | $65K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04741 | −0.284% | $88K | $107K | 3x | as long as short |
| Hyperliquid CHIPlong | +0.0100% | 1h | 0.04754 | long leg | $14.9M | $6.1M | 3x |
Backpack CHIP_USDC_PERP
Phoenix CHIP
ApeX Omni CHIPUSDT
OKX CHIP-USDT-SWAP
Deribit CHIP_USDC-PERPETUAL
Aster CHIPUSDT
BloFin CHIP-USDT
Lighter CHIPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CHIP | +0.0100% | 1h | 0.04747 | −0.162% | $14K | $688 | 3x | as long as short |
| Binance CHIPUSDT | +0.0100% | 4h | 0.04739 | −0.335% | $14.3M | $26.3M | 50x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04751 | −0.074% | $701K | $943K | 50x | as long as short |
| MEXC CHIP_USDT | +0.0100% | 4h | 0.04744 | −0.221% | $1.8M | $1.1M | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04744 | −0.221% | $1.0M | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04743 | −0.242% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04744 | −0.221% | — | $1.9M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04729 | −0.545% | $840K | $527K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04741 | −0.284% | $683 | $1.0M | 10x | as long as short |
| Extended CHIP-USD | +0.0104% | 1h | 0.04740 | −0.299% | $216K | $1.9M | 5x | as long as short |
| Aftermath Perps CHIPUSD | +0.0329% | 1h | 0.04748 | −0.144% | $83 | $38K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0832% | 1h | 0.04788 | +0.711% | $46K | $41K | 50x | as long as short |
| Nado CHIP-PERP | +0.1232% | 1h | 0.04740 | −0.294% | $239K | $19K | 5x | as long as short |
Pacifica CHIP
Binance CHIPUSDT
Gate CHIP_USDT
MEXC CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Extended CHIP-USD
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX
Nado CHIP-PERP