Funding you earn now, next payment 23:00 UTC+0.0481%/8h= +52.7% APRpaid last 24h +0.086%
Price spread now: Hyperliquid against Bybit+0.186%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Funding, last 7 days+0.306%+$31 on $10k
+Price spread, last 7 days−0.142%−$14 · spread now +0.186%, 7d avg +0.111%
=Together, before fees+0.164%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Hyperliquid is 0.076% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.111%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.306% in total (about 16.0% 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 ENAUSDT | 0.2093 | 0.0100 | pay 0.0050% / 4h | 1h 15m | $87.0M | $190.6M | 50x |
| Short | Hyperliquid ENA | 0.2097 | 0.0581 | get 0.0073% / 1h | 15m 23s | $110.7M | $78.9M | 10x |
Bybit ENAUSDT
Hyperliquid ENAFunding 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
- $101.09
- Price spread: +0.186% → +0.111%
- $7.57
- Slippage, 4 orders
- −$12.72
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $75.94
- Costs to cover
- 0.327%
- Break-even
- 1.7 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 | 0.24 bp | 7.9 bp −$8 | 15.5 bp −$155 | 56.0 bp −$5,601 | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.19 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
ENA on 42 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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ENA_USDC | −0.0047% | 4h | 0.2094 | +0.029% | $40K | $24K | 10x | as long as short |
| Backpack ENA_USDC_PERP | −0.0043% | 1h | 0.2093 | −0.019% | $369K | $450K | 5x | as long as short |
| Deribit ENA_USDC-PERPETUAL | 0.0000% | 1h | 0.2094 | +0.029% | $92K | $1.8M | 50x | as long as short |
| gTrade (Gains Network) ENA/USD | L +0.0003% / S −0.0003% | 1h | 0.2094 | +0.042% | $101K | — | 150x | as long as short |
| Injective ENA/USDC PERP | +0.0033% | 1h | 0.2123 | +1.438% | $522 | $57K | 5.5x | as long as short |
| Kraken Futures PF_ENAUSD | +0.0066% | 1h | 0.2094 | +0.045% | $2.6M | $5.5M | 50x | as long as short |
| Popdex ENAUSDT | +0.0096% | 1h | 0.2094 | +0.033% | $61K | $531K | 50x | as long as short |
| Paradex ENA-USD-PERP | +0.0100% | 8h | 0.2093 | −0.006% | $47K | $221 | 10x | as long as short |
| Nado ENA-PERP | +0.0100% | 1h | 0.2093 | −0.010% | $659K | $1.8M | 10x | as long as short |
| Aster ENAUSDT | +0.0100% | 4h | 0.2094 | +0.033% | $1.5M | $3.3M | 50x | as long as short |
Orderly PERP_ENA_USDC
Backpack ENA_USDC_PERP
Deribit ENA_USDC-PERPETUAL
gTrade (Gains Network) ENA/USD
Injective ENA/USDC PERP
Kraken Futures PF_ENAUSD
Popdex ENAUSDT
Paradex ENA-USD-PERP
Nado ENA-PERP
Aster ENAUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ENA | +0.0100% | 1h | 0.2094 | +0.011% | $405K | $576K | 10x | as long as short |
| Binance ENAUSDT | +0.0100% | 4h | 0.2094 | +0.040% | $129.2M | $455.0M | 75x | as long as short |
| Bybit ENAUSDTlong | +0.0100% | 4h | 0.2093 | long leg | $87.0M | $190.6M | 50x | |
| OKX ENA-USDT-SWAP | +0.0100% | 4h | 0.2094 | +0.033% | $20.2M | $111.0M | 50x | as long as short |
| Ondo Perps ENA-USD.P | +0.0100% | 1h | 0.2095 | +0.067% | $15K | $396K | 5x | as long as short |
| Arcus ENA-USD | +0.0100% | 1h | 0.2094 | +0.033% | $82K | $220K | 10x | as long as short |
| Bulk ENA-USD | +0.0100% | 1h | 0.2095 | +0.066% | $88K | $500 | 10x | as long as short |
| Gate ENA_USDT | +0.0100% | 4h | 0.2094 | +0.010% | $10.5M | $21.3M | 50x | as long as short |
| MEXC ENA_USDT | +0.0100% | 4h | 0.2094 | +0.043% | $46.5M | $47.0M | 200x | as long as short |
| KuCoin ENAUSDTM | +0.0100% | 4h | 0.2095 | +0.086% | $23.9M | $16.4M | 75x | as long as short |
| Bitget ENAUSDT | +0.0100% | 4h | 0.2093 | −0.029% | $47.3M | $64.7M | 75x | as long as short |
| BingX ENA-USDC | +0.0100% | 4h | 0.2094 | +0.019% | — | $6.5M | — | as long as short |
| Variational Omni ENA | +0.0100% | 4h | 0.2094 | +0.033% | $3.8M | $10.3M | — | as long as short |
| edgeX ENAUSDC | +0.0100% | 4h | 0.2093 | −0.031% | $249K | $7.8M | 20x | as long as short |
| GRVT ENA_USDT_Perp | +0.0100% | 4h | 0.2093 | −0.036% | $353K | $4.6M | 10x | as long as short |
| ApeX Omni ENAUSDT | +0.0100% | 1h | 0.2092 | −0.062% | $32K | $710K | 50x | as long as short |
| Polymarket Perps ENA-USD | +0.0100% | 1h | 0.2094 | +0.057% | $177K | $2.6M | 10x | as long as short |
| SunX ENA-USDT | +0.0100% | 4h | 0.2042 | −2.451% | $1K | $815K | 20x | as long as short |
| SoDEX ENA-USD | +0.0100% | 1h | 0.2093 | −0.014% | $4K | $14K | 10x | as long as short |
| HTX ENA-USDT | +0.0100% | 4h | 0.2096 | +0.115% | $272K | $1.5M | 50x | as long as short |
| Phemex ENAUSDT | +0.0100% | 4h | 0.2092 | −0.062% | $1.9M | $9.2M | 50x | as long as short |
| Aevo ENA-PERP | +0.0104% | 1h | 0.2093 | +0.002% | $77K | $11K | 3x | as long as short |
| Phoenix ENA | +0.0115% | 1h | 0.2097 | +0.196% | $5K | $356K | 10x | as long as short |
| 01 Exchange ENAUSD | +0.0136% | 1h | 0.2095 | +0.086% | $4K | $432 | 10x | as long as short |
| GMX ENA/USD [ETH-USDC] | L +0.0241% / S −0.0415% | 1h | 0.2094 | +0.027% | $38K | — | 100x | as long as short |
| Extended ENA-USD | +0.0328% | 1h | 0.2093 | −0.013% | $1.6M | $4.1M | 50x | as long as short |
| BloFin ENA-USDT | +0.0340% | 4h | 0.2093 | −0.014% | $5.5M | $8.0M | 75x | as long as short |
| Reya ENARUSDPERP | +0.0412% | 1h | 0.2094 | +0.015% | $1K | $5K | 15x | as long as short |
| Lighter ENA | +0.0512% | 1h | 0.2096 | +0.139% | $5.6M | $12.9M | 10x | as long as short |
| Coinbase International ENA-PERP-INTX | +0.0576% | 1h | 0.2098 | +0.220% | $826K | $2.1M | 50x | as long as short |
| Hyperliquid ENAshort | +0.0581% | 1h | 0.2097 | +0.186% | $110.7M | $78.9M | 10x | |
| dYdX ENA-USD | +0.1971% | 1h | 0.2093 | −0.027% | $138K | $15K | 5x | as long as short |
Pacifica ENA
Binance ENAUSDT
OKX ENA-USDT-SWAP
Ondo Perps ENA-USD.P
Arcus ENA-USD
Bulk ENA-USD
Gate ENA_USDT
MEXC ENA_USDT
KuCoin ENAUSDTM
Bitget ENAUSDT
BingX ENA-USDC
Variational Omni ENA
edgeX ENAUSDC
GRVT ENA_USDT_Perp
ApeX Omni ENAUSDT
Polymarket Perps ENA-USD
SunX ENA-USDT
SoDEX ENA-USD
HTX ENA-USDT
Phemex ENAUSDT
Aevo ENA-PERP
Phoenix ENA
01 Exchange ENAUSD
GMX ENA/USD [ETH-USDC]
Extended ENA-USD
BloFin ENA-USDT
Reya ENARUSDPERP
Lighter ENA
Coinbase International ENA-PERP-INTX
dYdX ENA-USD