Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1325%/8h= +145.1% APRpaid last 24h +0.138%

Price spread now: Hyperliquid against Bybit+0.024%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$640.635% of the position

Long on Bybit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$17 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.024%, 7d avg +0.002%

Together, before fees+0.127%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Hyperliquid is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.002%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.175% in total (about 9.1% 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 FARTCOINUSDT	0.2056	0.0255	pay 0.0128% / 4h	3h 32m	$32.3M	$56.0M	50x
Short	Hyperliquid FARTCOIN	0.2056	0.1580	get 0.0197% / 1h	32m 00s	$48.8M	$32.4M	10x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee HyperliquidbpOrdersPrice spread, now +0.024%Rate

Funding earned: $278.21
Price spread: +0.024% → +0.002%: $2.26
Slippage, 4 orders: −$43.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $216.94
Costs to cover: 0.635%
Break-even: 1.5 days

Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 11 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, 2 min ago	0.49 bp	18.6 bp −$19	52.7 bp −$527	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.98 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit

FARTCOIN on 36 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
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S −0.0004%	1h	0.2051	−0.219%	$601	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	−3.478%	$1K	$5	5.5x	as long as short
Bulk FARTCOIN-USD	+0.0100%	1h	0.2040	−0.754%	$80K	−$0	10x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.2055	−0.044%	$2K	$1.8M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.2054	−0.073%	$164K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.2054	−0.088%	$71K	$151K	20x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0189%	1h	0.2053	−0.136%	$128K	$53K	25x	as long as short
Aevo FARTCOIN-PERP	+0.0192%	1h	0.2051	−0.202%	$33K	—	3x	as long as short
Bitget FARTCOINUSDT	+0.0212%	4h	0.2057	+0.073%	$14.5M	$18.3M	50x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0254%	4h	0.2056	+0.024%	$5.1M	$17.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit FARTCOINUSDTlong	+0.0255%	4h	0.2056	long leg	$32.3M	$56.0M	50x
Polymarket Perps FARTCOIN-USD	+0.0277%	1h	0.2053	−0.117%	$113K	$929K	10x	as long as short
Gate FARTCOIN_USDT	+0.0282%	4h	0.2052	−0.170%	$11.6M	$9.2M	75x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0294%	1h	0.2053	−0.108%	$780K	$2.1M	50x	as long as short
MEXC FARTCOIN_USDT	+0.0350%	4h	0.2051	−0.219%	$24.4M	$14.8M	100x	as long as short
Variational Omni FARTCOIN	+0.0380%	4h	0.2048	−0.346%	$1.1M	$3.0M	—	as long as short
KuCoin FARTCOINUSDTM	+0.0392%	4h	0.2054	−0.073%	$11.0M	$15.5M	50x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.2054	−0.066%	$0	—	5x	as long as short
BingX FARTCOIN-USDC	+0.0424%	4h	0.2056	+0.024%	—	$6.5M	—	as long as short
Binance FARTCOINUSDT	+0.0433%	4h	0.2056	+0.003%	$20.4M	$85.6M	75x	as long as short
Nado FARTCOIN-PERP	+0.0470%	1h	0.2054	−0.072%	$816K	$780K	10x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0503% / S −0.0847%	1h	0.2050	−0.260%	$51K	—	100x	as long as short
Aster FARTCOINUSDT	+0.0507%	4h	0.2050	−0.265%	$91K	$211K	5x	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0520%	4h	0.2042	−0.657%	$264K	$4.5M	10x	as long as short
Arcus FARTCOIN-USD	+0.0527%	1h	0.2050	−0.268%	$15K	$85K	10x	as long as short
Phoenix FARTCOIN	+0.0556%	1h	0.2031	−1.168%	$159K	$202K	10x	as long as short
Lighter FARTCOIN	+0.0568%	1h	0.2055	−0.024%	$743K	$1.6M	10x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0588%	1h	0.2054	−0.088%	$94K	$293K	10x	as long as short
Pacifica FARTCOIN	+0.0600%	1h	0.2046	−0.476%	$197K	$450K	10x	as long as short
ApeX Omni FARTCOINUSDT	+0.0632%	1h	0.2049	−0.316%	$28K	$205K	50x	as long as short
BloFin FARTCOIN-USDT	+0.0673%	4h	0.2041	−0.705%	$1.0M	$2.2M	75x	as long as short
Extended FARTCOIN-USD	+0.0816%	1h	0.2054	−0.067%	$240K	$2.2M	25x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0870%	4h	0.2053	−0.122%	$25K	$4K	20x	as long as short
01 Exchange FARTCOINUSD	+0.1008%	1h	0.2055	−0.024%	$422	$386	10x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1120%	1h	0.2058	+0.102%	$1.1M	$9.0M	50x	as long as short
Hyperliquid FARTCOINshort	+0.1580%	1h	0.2056	+0.024%	$48.8M	$32.4M	10x