Funding you earn now, next payment 02:00 UTC+0.1128%/8h= +123.5% APRpaid last 24h +0.269%
Price spread now: Hyperliquid against Bybit+0.485%7-day average +0.379% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$2182.179% of the position
Funding, last 7 days+1.180%+$118 on $10k
+Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.485%, 7d avg +0.379%
=Together, before fees+1.055%+ Points / potential airdropHyperliquid: Season 2 · farm board+$106 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Hyperliquid is 0.106% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.379%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GOATUSDT | 0.01836 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $1.9M | $997K | 25x |
| Short | Hyperliquid GOAT | 0.01845 | 0.1228 | get 0.0154% / 1h | 9m 18s | $1.2M | $462K | 3x |
Bybit GOATUSDT
Hyperliquid GOATFunding 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
- $236.94
- Price spread: +0.485% → +0.379%
- $10.57
- Slippage, 4 orders
- −$197.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $29.58
- Costs to cover
- 2.179%
- Break-even
- 6.1 days
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: 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 Bybit live order book, 2 min ago | 8.14 bp | 60.4 bp −$60 | 235.3 bp −$2,353 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 2.43 bp | 58.2 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
GOAT on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GOATUSDTlong | +0.0100% | 4h | 0.01836 | long leg | $1.9M | $997K | 25x | |
| Gate GOAT_USDT | +0.0100% | 4h | 0.01844 | +0.436% | $276K | $171K | 25x | as long as short |
| KuCoin GOATUSDTM | +0.0100% | 4h | 0.01843 | +0.381% | $368K | $170K | 30x | as long as short |
| Variational Omni GOAT | +0.0100% | 4h | 0.01842 | +0.309% | $6K | $18K | — | as long as short |
| Binance GOATUSDT | +0.0262% | 4h | 0.01846 | +0.532% | $1.8M | $2.8M | 25x | as long as short |
| MEXC GOAT_USDT | +0.0270% | 4h | 0.01844 | +0.436% | $428K | $157K | 200x | as long as short |
| BingX GOAT-USDT | +0.0294% | 4h | 0.01843 | +0.381% | — | $6.6M | — | as long as short |
| Hyperliquid GOATshort | +0.1228% | 1h | 0.01845 | +0.485% | $1.2M | $462K | 3x | |
| Orderly PERP_GOAT_USDC | +0.2008% | 4h | 0.01844 | +0.436% | $3K | $2K | 10x | as long as short |
| Kraken Futures PF_GOATUSD | +0.2428% | 1h | 0.01849 | +0.706% | $30K | $4K | 10x | as long as short |
Gate GOAT_USDT
KuCoin GOATUSDTM
Variational Omni GOAT
Binance GOATUSDT
MEXC GOAT_USDT
BingX GOAT-USDT
Orderly PERP_GOAT_USDC
Kraken Futures PF_GOATUSD