Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid−0.258%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$650.650% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 7 days+0.204%+$20 · spread now −0.258%, 7d avg −0.061%
=Together, before fees+0.136%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.197% cheaper against Hyperliquid than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ETC | 8.7937 | 0.0100 | pay 0.0013% / 1h | 58m 19s | $2.5M | $596K | 5x |
| Short | Bybit ETCUSDT | 8.7710 | 0.0100 | get 0.0100% / 8h | 4h 58m | $12.8M | $7.7M | 75x |
Hyperliquid ETC
Bybit ETCUSDTFunding 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
- $0
- Price spread: −0.258% → −0.061%
- −$19.7
- Slippage, 4 orders
- −$45
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$84.7
- Costs to cover
- 0.650%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Bybit: 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 Hyperliquid live order book, 3 min ago | 0.68 bp | 12.9 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.71 bp | 18.5 bp −$18 | 56.2 bp −$562 | doesn't fit | doesn't fit |
ETC on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETCUSD | −0.0227% | 1h | 8.7719 | −0.248% | $1.9M | $687K | 50x | as long as short |
| Deribit ETC_USDC-PERPETUAL | −0.0001% | 1h | 8.7758 | −0.204% | $497 | — | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7911 | −0.030% | $9K | $71 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7846 | −0.103% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.925% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETClong | +0.0100% | 1h | 8.7937 | long leg | $2.5M | $596K | 5x | |
| Aster ETCUSDT | +0.0100% | 8h | 8.7878 | −0.068% | $983K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7759 | −0.203% | $26.3M | $68.3M | 75x | as long as short |
| Bybit ETCUSDTshort | +0.0100% | 8h | 8.7710 | −0.258% | $12.8M | $7.7M | 75x | |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7680 | −0.292% | $8.5M | $17.0M | 50x | as long as short |
Kraken Futures PF_ETCUSD
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Aster ETCUSDT
Binance ETCUSDT
OKX ETC-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.7910 | −0.031% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7890 | −0.053% | $7.4M | $32.8M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7910 | −0.031% | $2.9M | $639K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7809 | −0.146% | $9.7M | $3.6M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.7830 | −0.122% | — | $707K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7822 | −0.131% | $123K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7740 | −0.224% | $182 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7935 | −0.002% | $119K | $292K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7780 | −0.179% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7851 | −0.097% | $15K | $92K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.7900 | −0.042% | $1.4M | $246K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.8490 | +0.629% | $35K | $20K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX