Settings8H · net · $10k
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Funding arb · Price arb / Crypto

ENS

All ENS markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitENSUSDT
4.5640+0.0100pay 0.0100% / 8h18m 16s$2.4M$1.8M75xLong Bybit
SHORT
HyperliquidENS
4.5622+0.0100get 0.0013% / 1h18m 16s$1.2M$396K5xShort Hyperliquid4% off
Price gap−0.041%
Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is 0.155% under its 7d average: the price leg works against you, −$16 on $10k if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$30.0000% /8h now · paid +0.030% over the last 7D
Price−$16spread −0.041% now, avg +0.114% → −0.155% if it goes back
Costs−$1121.121% of $10k · taker + slippage, in and out
Result−$125−1.25%+ Points / potential airdropHyperliquid: Season 2 · farm board

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.041%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ENS on 15 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size15.3 / 17.4 bp
    At $10k entering Hyperliquid costs 17.4 bp, fee and slippage, 1.1× Bybit’s.
  • Note: Margin at max leverage$133 + $2,000
    Bybit 75x, Hyperliquid 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: $0.00Long Bybit: 3 payments, −$3.00; short Hyperliquid: 24 payments, +$3.00.
  • Watch: Gap narrower than usual−0.041% vs +0.114%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Short leg is thinner$1.2M vs $2.4M OI
    Both legs are deep; Hyperliquid is the smaller one.
  • OK: Points on a legHyperliquid Season 2
    Volume here counts toward the points program.
  • Watch: KYCBybit Yes · Hyperliquid No
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0014%/8h × 21 periods+$3.03
Price spread−0.041% → +0.114% (7d avg)−$15.50
Slippage, 4 orderslive order books−$92.06
Fee Bybit bp × 2 orders−$11.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$124.53
Costs to cover1.121%Break-even294.4 days
Slippage: Bybit: live order book, 5 min ago; Hyperliquid: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit2.1915.3 bp−$1550.5 bp−$505doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid2.4117.4 bp−$17250.2 bp−$2,502doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert