Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: Bybit against Hyperliquid−0.048%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−$1321.319% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.048%, 7d avg −0.030%
=Together, before fees+0.002%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GMT | 0.008355 | 0.0100 | pay 0.0013% / 1h | 19m 37s | $123K | $123K | 3x |
| Short | Bybit GMTUSDT | 0.008351 | 0.0100 | get 0.0100% / 8h | 2h 19m | $1.1M | $1.1M | 50x |
Hyperliquid GMT
Bybit GMTUSDTFunding 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
- $0
- Price spread: −0.048% → −0.030%
- −$1.78
- Slippage, 4 orders
- −$111.9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$133.67
- Costs to cover
- 1.319%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 63 min ago; Bybit: live order book, 1 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, 63 min ago | 1.20 bp | 19.0 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.99 bp | 35.4 bp −$35 | 191.8 bp −$1,918 | 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 | −0.1126% | 1h | 0.008358 | +0.030% | $47K | $8K | 20x | as long as short |
| Hyperliquid GMTlong | +0.0100% | 1h | 0.008355 | long leg | $123K | $123K | 3x | |
| Aster GMTUSDT | +0.0100% | 4h | 0.008362 | +0.089% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008352 | −0.036% | $2.7M | $3.0M | 50x | as long as short |
| Bybit GMTUSDTshort | +0.0100% | 8h | 0.008351 | −0.048% | $1.1M | $1.1M | 50x | |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008343 | −0.144% | $344K | $555K | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008360 | +0.060% | $150K | $103K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008352 | −0.036% | $413K | $185K | 20x | as long as short |
| KuCoin GMTUSDTM | +0.0100% | 4h | 0.008360 | +0.060% | $259K | $99K | 50x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008343 | −0.144% | $671K | $405K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Aster GMTUSDT
Binance GMTUSDT
OKX GMT-USDT-SWAP
Gate GMT_USDT
MEXC GMT_USDT
KuCoin GMTUSDTM
Bitget GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMT-USDT | +0.0100% | 4h | 0.008366 | +0.132% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008353 | −0.029% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT