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

ENS

All ENS markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
HyperliquidENS
4.5828+0.0100pay 0.0013% / 1h8m 25s$1.2M$396K5xLong Hyperliquid4% off
SHORT
BybitENSUSDT
4.5825+0.0100get 0.0100% / 8h8m 25s$2.4M$1.8M75xShort Bybit
Price gap−0.008%
Funding gap0.0000% /8h

Funding is ≈ 0, so this is a price-spread trade: +$11 on $10k if the gap goes back to its 7d average.

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+$11spread −0.008% now, avg −0.114% → +0.107% if it goes back
Costs−$1161.159% of $10k · taker + slippage, in and out
Result−$108−1.08%+ 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−0.008%
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

2 ok · 3 to watch
  • Watch: Thin at this size46.4 / 18.4 bp
    At $10k entering Hyperliquid costs 46.4 bp, fee and slippage, 2.5× Bybit’s.
  • Note: Margin at max leverage$2,000 + $133
    Hyperliquid 5x, Bybit 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: $0.00Long Hyperliquid: 24 payments, −$3.00; short Bybit: 3 payments, +$3.00.
  • OK: Entry gap works for you−0.008% vs −0.114%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Long 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: KYCHyperliquid No · Bybit Yes
    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−0.008% → −0.114% (7d avg)+$10.67
Slippage, 4 orderslive order books−$95.87
Fee Hyperliquid bp × 2 orders−$9.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$108.23
Costs to cover1.159%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 3 min ago; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGHyperliquid5.3546.4 bp−$46doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit3.2718.4 bp−$1856.0 bp−$560doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert