Settings8H · net · $10k
Funding arb · Price arb /

GAS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.021%7-day average −0.067% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.080%−$8 on $10k
Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.021%, 7d avg −0.067%
Together, before fees−0.099%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 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: Hyperliquid is 0.046% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.067%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit GASUSDT1.41160.0100pay 0.0050% / 4h34m 35s$833K$314K25x
ShortHyperliquid GAS1.41130.0100get 0.0013% / 1h34m 35s$109K$65K3x

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

Funding earned
$0
Price spread: −0.021% → −0.067%
$4.58
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
−$15.42
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 40 min ago; Hyperliquid: live order book, 24 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 40 min ago1.77 bp27.6 bp −$28255.3 bp −$2,553doesn't fitdoesn't fit
Sell Hyperliquid live order book, 24 min ago1.41 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

GAS on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin GAS-USDT+0.0044%4h1.4110−0.043%$78K$23K75xas long as short
Hyperliquid GASshort+0.0100%1h1.4113−0.021%$109K$65K3x
Binance GASUSDT+0.0100%4h1.4110−0.043%$1.5M$1.8M50xas long as short
Bybit GASUSDTlong+0.0100%4h1.4116long leg$833K$314K25x
OKX GAS-USDT-SWAP+0.0100%4h1.4098−0.128%$390K$286K20xas long as short
Gate GAS_USDT+0.0100%4h1.4110−0.043%$110K$80K25xas long as short
MEXC GAS_USDT+0.0100%4h1.4110−0.043%$933K$129K50xas long as short
KuCoin GASUSDTM+0.0100%4h1.4120+0.028%$184K$15K30xas long as short
Bitget GASUSDT+0.0100%4h1.4130+0.099%$398K$326K50xas long as short
BingX GAS-USDT+0.0100%4h1.4110−0.043%$2.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni GAS+0.0100%4h1.4117+0.006%$5K$2as long as short