Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0825%/8h= −90.4% APRpaid last 24h −0.083%

Price spread now: Bybit against Hyperliquid+0.052%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.052%, 7d avg +0.002%

Together, before fees−0.138%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.050% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of +0.002%): +$5 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.121% in total) that is about 2.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% 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	Hyperliquid FARTCOIN	0.1922	0.0925	pay 0.0116% / 1h	54m 36s	$42.5M	$26.7M	10x
Short	Bybit FARTCOINUSDT	0.1923	0.0100	get 0.0050% / 4h	1h 54m	$29.7M	$49.6M	50x

Funding 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 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 HyperliquidbpFee BybitbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$173.35
Price spread: +0.052% → +0.002%: $5.01
Slippage, 4 orders: −$33.97
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$222.3
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Bybit: live order book, 4 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, 9 min ago	0.26 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.26 bp	16.5 bp −$17	50.5 bp −$505	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 −0.0002%	1h	0.1920	−0.122%	$33K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	+3.226%	$1K	$4K	5.5x	as long as short
Lighter FARTCOIN	+0.0096%	1h	0.1922	+0.016%	$577K	$865K	10x	as long as short
Aster FARTCOINUSDT	+0.0100%	4h	0.1920	−0.091%	$77K	$191K	5x	as long as short
Binance FARTCOINUSDT	+0.0100%	4h	0.1923	+0.052%	$18.3M	$72.9M	75x	as long as short
Bybit FARTCOINUSDTshort	+0.0100%	4h	0.1923	+0.052%	$29.7M	$49.6M	50x
Bulk FARTCOIN-USD	+0.0100%	1h	0.1906	−0.832%	$75K	$25K	10x	as long as short
MEXC FARTCOIN_USDT	+0.0100%	4h	0.1923	+0.057%	$31.6M	$13.8M	100x	as long as short
Bitget FARTCOINUSDT	+0.0100%	4h	0.1924	+0.104%	$13.4M	$15.2M	50x	as long as short
BingX FARTCOIN-USDT	+0.0100%	4h	0.1922	0.000%	—	$14.6M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT FARTCOIN_USDT_Perp	+0.0100%	4h	0.1912	−0.542%	$246K	$4.4M	10x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.1923	+0.047%	$2K	$1.7M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.1921	−0.052%	$154K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.1922	+0.010%	$66K	$175K	20x	as long as short
Nado FARTCOIN-PERP	+0.0103%	1h	0.1924	+0.104%	$776K	$694K	10x	as long as short
Aevo FARTCOIN-PERP	+0.0104%	1h	0.1920	−0.078%	$31K	—	3x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0108%	4h	0.1923	+0.052%	$4.5M	$13.5M	20x	as long as short
Pacifica FARTCOIN	+0.0166%	1h	0.1923	+0.031%	$180K	$411K	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0168%	4h	0.1921	−0.052%	$10.2M	$15.9M	50x	as long as short
Variational Omni FARTCOIN	+0.0194%	4h	0.1917	−0.276%	$806K	$2.5M	—	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0219%	1h	0.1921	−0.047%	$122K	$95K	25x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0284% / S −0.0371%	1h	0.1919	−0.135%	$43K	—	100x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0287%	1h	0.1922	+0.010%	$105K	$844K	10x	as long as short
Gate FARTCOIN_USDT	+0.0290%	4h	0.1924	+0.104%	$10.8M	$7.9M	75x	as long as short
Extended FARTCOIN-USD	+0.0320%	1h	0.1926	+0.218%	$200K	$2.1M	25x	as long as short
BloFin FARTCOIN-USDT	+0.0340%	4h	0.1922	0.000%	$951K	$1.8M	75x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1923	+0.067%	$0	—	5x	as long as short
Phoenix FARTCOIN	+0.0419%	1h	0.1916	−0.291%	$112K	$172K	10x	as long as short
Arcus FARTCOIN-USD	+0.0557%	1h	0.1927	+0.260%	$14K	$111K	10x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0570%	4h	0.1922	0.000%	$24K	$3K	20x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0570%	1h	0.1921	−0.052%	$84K	$247K	10x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0813%	1h	0.1921	−0.035%	$745K	$1.7M	50x	as long as short
01 Exchange FARTCOINUSD	+0.0840%	1h	0.1925	+0.156%	$390	$381	10x	as long as short
Hyperliquid FARTCOINlong	+0.0925%	1h	0.1922	long leg	$42.5M	$26.7M	10x
Coinbase International FARTCOIN-PERP-INTX	+0.0968%	1h	0.1926	+0.198%	$949K	$7.6M	50x	as long as short
ApeX Omni FARTCOINUSDT	+0.1225%	1h	0.1910	−0.624%	$22K	$224K	50x	as long as short