Funding you earn now, next payment 05:00 UTC+0.0296%/8h= +32.4% APRpaid last 24h +0.015%
Price spread now: Hyperliquid against Bybit+0.094%7-day average +0.098% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 7 days−0.110%−$11 · spread now +0.094%, 7d avg +0.098%
=Together, before fees+0.027%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.098%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.2% 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 ETHFIUSDT | 0.7003 | −0.0196 | get 0.0098% / 4h | 3h 08m | $17.4M | $12.5M | 25x |
| Short | Hyperliquid ETHFI | 0.7010 | 0.0100 | get 0.0013% / 1h | 8m 49s | $17.4M | $7.9M | 5x |
Bybit ETHFIUSDT
Hyperliquid ETHFIFunding 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
- $62.08
- Price spread: +0.094% → +0.098%
- −$0.37
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $41.71
- Costs to cover
- 0.200%
- Break-even
- 2.3 days
Slippage unknown: Bybit: live order book, 5 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.
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, 5 min ago | 1.42 bp | 14.5 bp −$15 | 51.3 bp −$513 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.57 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0749% | 1h | 0.7001 | −0.029% | $40K | $10K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0306% | 1h | 0.7008 | +0.072% | $259K | $213K | 20x | as long as short |
| HTX ETHFI-USDT | −0.0275% | 4h | 0.6999 | −0.057% | $82K | $180K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0252% | 4h | 0.6999 | −0.057% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDTlong | −0.0196% | 4h | 0.7003 | long leg | $17.4M | $12.5M | 25x | |
| Variational Omni ETHFI | −0.0034% | 4h | 0.7021 | +0.260% | $980K | $703K | — | as long as short |
| Extended ETHFI-USD | +0.0032% | 1h | 0.6999 | −0.057% | $97K | $446K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0033% | 4h | 0.7001 | −0.022% | $24.4M | $34.7M | 75x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.384% | $321 | $51K | 5.5x | as long as short |
| MEXC ETHFI_USDT | +0.0034% | 4h | 0.7002 | −0.014% | $15.8M | $4.1M | 125x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Extended ETHFI-USD
Binance ETHFIUSDT
Injective ETHFI/USDC PERP
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ETHFI-USD-PERP | +0.0054% | 8h | 0.7014 | +0.158% | $6K | — | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0088% | 1h | 0.6997 | −0.084% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7012 | +0.130% | $1.1M | $841K | 5x | as long as short |
| Hyperliquid ETHFIshort | +0.0100% | 1h | 0.7010 | +0.094% | $17.4M | $7.9M | 5x | |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7013 | +0.137% | $179K | $229K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7009 | +0.086% | $5.1M | $12.2M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7010 | +0.100% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7005 | +0.029% | $1.2M | $226K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7002 | −0.014% | $6.0M | $5.1M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.7005 | +0.029% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7009 | +0.084% | $65K | $125K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7007 | +0.057% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0132% | 4h | 0.7006 | +0.043% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7054 | +0.728% | $31K | $6K | 50x | as long as short |
Paradex ETHFI-USD-PERP
Aevo ETHFI-PERP
Lighter ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX