Funding you earn now, next payment 23:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.050%
Price spread now: Bybit against Hyperliquid−0.009%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$440.444% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 7 days−0.035%−$4 · spread now −0.009%, 7d avg −0.119%
=Together, before fees−0.356%+ Points / potential airdropHyperliquid: Season 2 · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.109% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.119%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9889 | 0.0100 | pay 0.0013% / 1h | 39m 23s | $8.7M | $9.4M | 5x |
| Short | Bybit FILUSDT | 0.9888 | −0.0002 | pay 0.0002% / 8h | 1h 39m | $15.5M | $18.0M | 25x |
Hyperliquid FIL
Bybit FILUSDTFunding 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
- −$21.45
- Price spread: −0.009% → −0.119%
- $10.94
- Slippage, 4 orders
- −$24.38
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$54.89
- Costs to cover
- 0.444%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 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, 3 min ago | 1.77 bp | 6.9 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.50 bp | 12.5 bp −$13 | 34.8 bp −$348 | 180.6 bp −$18.1K | doesn't fit |
FIL on 29 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 FIL_USDC-PERPETUAL | −0.0961% | 1h | 0.9896 | +0.072% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSD | −0.0694% | 1h | 0.9895 | +0.058% | $1.4M | $2.3M | 50x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.0376% | 1h | 0.9916 | +0.274% | $317K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0252% | 1h | 0.9855 | −0.343% | $2K | $240K | 12x | as long as short |
| Lighter FIL | −0.0064% | 1h | 0.9882 | −0.074% | $158K | $348K | 5x | as long as short |
| Bitget FILUSDT | −0.0019% | 8h | 0.9884 | −0.050% | $10.8M | $21.4M | 75x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9891 | +0.017% | $25K | — | 150x | as long as short |
| Bybit FILUSDTshort | −0.0002% | 8h | 0.9888 | −0.009% | $15.5M | $18.0M | 25x | |
| dYdX FIL-USD | 0.0000% | 1h | 0.9893 | +0.042% | $58K | $2K | 10x | as long as short |
| KuCoin FILUSDTM | +0.0014% | 8h | 0.9885 | −0.039% | $7.4M | $7.0M | 50x | as long as short |
Deribit FIL_USDC-PERPETUAL
Kraken Futures PF_FILUSD
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
Lighter FIL
Bitget FILUSDT
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
KuCoin FILUSDTMShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX FIL-USDT-SWAP | +0.0029% | 8h | 0.9887 | −0.019% | $18.3M | $96.9M | 50x | as long as short |
| MEXC FIL_USDC | +0.0076% | 8h | 0.9881 | −0.080% | $251K | $104K | 50x | as long as short |
| Binance FILUSDT | +0.0080% | 8h | 0.9885 | −0.039% | $56.9M | $174.8M | 75x | as long as short |
| Extended FIL-USD | +0.0080% | 1h | 0.9881 | −0.079% | $692K | $2.3M | 10x | as long as short |
| BingX FIL-USDT | +0.0081% | 8h | 0.9885 | −0.039% | — | $11.9M | — | as long as short |
| Variational Omni FIL | +0.0091% | 8h | 0.9897 | +0.086% | $441K | $277K | — | as long as short |
| Hyperliquid FILlong | +0.0100% | 1h | 0.9889 | long leg | $8.7M | $9.4M | 5x | |
| Aster FILUSDT | +0.0100% | 8h | 0.9894 | +0.054% | $489K | $515K | 20x | as long as short |
| Gate FIL_USDT | +0.0100% | 8h | 0.9883 | −0.060% | $7.8M | $16.1M | 50x | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9889 | +0.003% | $45K | $292K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9885 | −0.037% | $296K | $793K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9890 | +0.011% | $30K | $198K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9898 | +0.092% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9890 | +0.011% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9887 | −0.019% | $487 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9898 | +0.092% | $626K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9890 | +0.011% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0200% | 8h | 0.9897 | +0.082% | $2.6M | $657K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0617% / S −0.0742% | 1h | 0.9890 | +0.006% | $214K | — | 100x | as long as short |
OKX FIL-USDT-SWAP
MEXC FIL_USDC
Binance FILUSDT
Extended FIL-USD
BingX FIL-USDT
Variational Omni FIL
Aster FILUSDT
Gate FIL_USDT
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]