Funding you earn now, next payment 08:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h +0.007%
Price spread now: Hyperliquid against Bybit−0.012%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1301.296% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.012%, 7d avg +0.030%
=Together, before fees+0.051%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.042% cheaper against Bybit than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.030%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% 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 GMTUSDT | 0.008382 | −0.0154 | get 0.0154% / 8h | 24m 23s | $1.1M | $2.1M | 50x |
| Short | Hyperliquid GMT | 0.008381 | 0.0100 | get 0.0013% / 1h | 24m 23s | $111K | $141K | 3x |
Bybit GMTUSDT
Hyperliquid GMTFunding 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
- $53.3
- Price spread: −0.012% → +0.030%
- −$4.2
- Slippage, 4 orders
- −$109.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$80.46
- Costs to cover
- 1.296%
- Break-even
- 17.6 days
Slippage from Bybit: live order book, 7 min ago; Hyperliquid: live order book, 25 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, 7 min ago | 1.78 bp | 34.1 bp −$34 | 268.7 bp −$2,687 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 25 min ago | 1.76 bp | 33.5 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
GMT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSD | −0.1297% | 1h | 0.008378 | −0.051% | $43K | $13K | 20x | as long as short |
| Variational Omni GMT | −0.0191% | 8h | 0.008398 | +0.190% | $4K | $6K | — | as long as short |
| Bybit GMTUSDTlong | −0.0154% | 8h | 0.008382 | long leg | $1.1M | $2.1M | 50x | |
| KuCoin GMTUSDTM | −0.0110% | 4h | 0.008400 | +0.215% | $243K | $188K | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0052% | 4h | 0.008373 | −0.107% | $384K | $1.2M | 20x | as long as short |
| Hyperliquid GMTshort | +0.0100% | 1h | 0.008381 | −0.012% | $111K | $141K | 3x | |
| Aster GMTUSDT | +0.0100% | 4h | 0.008391 | +0.108% | $7K | $23K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008387 | +0.060% | $2.8M | $5.4M | 50x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008390 | +0.095% | $138K | $181K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008386 | +0.048% | $439K | $217K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Variational Omni GMT
KuCoin GMTUSDTM
OKX GMT-USDT-SWAP
Aster GMTUSDT
Binance GMTUSDT
Gate GMT_USDT
MEXC GMT_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMTUSDT | +0.0100% | 4h | 0.008381 | −0.012% | $672K | $628K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008385 | +0.036% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT