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

GOAT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.300%
Price spread now: Bybit against Hyperliquid−0.258%7-day average −0.326% · 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−1.235%−$123 on $10k
Price spread, last 7 days+0.060%+$6 · spread now −0.258%, 7d avg −0.326%
Together, before fees−1.174%+ Points / potential airdropHyperliquid: Season 2 · farm board−$117 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: Bybit is 0.068% dearer against Hyperliquid than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.326%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid GOAT0.018980.0100pay 0.0013% / 1h0m 30s$1.2M$487K3x
ShortBybit GOATUSDT0.018930.0100get 0.0050% / 4h2h 00m$2.1M$1.3M25x

Funding 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 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: −0.258% → −0.326%
$6.83
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$13.17
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 10 min ago; Bybit: live order book, 1 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 Hyperliquid live order book, 10 min ago3.43 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago7.94 bp57.2 bp −$57205.3 bp −$2,053doesn't fitdoesn't fit

GOAT 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
Hyperliquid GOATlong+0.0100%1h0.01898long leg$1.2M$487K3x
Bybit GOATUSDTshort+0.0100%4h0.01893−0.258%$2.1M$1.3M25x
Gate GOAT_USDT+0.0100%4h0.01897−0.053%$280K$210K25xas long as short
KuCoin GOATUSDTM+0.0100%4h0.01894−0.211%$368K$129K30xas long as short
Variational Omni GOAT+0.0100%4h0.01889−0.493%$97K$109Kas long as short
BloFin GOAT-USDT+0.0259%4h0.01893−0.263%$121K$11K25xas long as short
MEXC GOAT_USDT+0.0296%4h0.01899+0.053%$439K$164K200xas long as short
Binance GOATUSDT+0.0298%4h0.018980.000%$1.9M$3.0M25xas long as short
BingX GOAT-USDT+0.0344%4h0.01897−0.053%$6.6Mas long as short
Orderly PERP_GOAT_USDC+0.1636%4h0.01892−0.316%$3K$2K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GOATUSD+0.3323%1h0.01890−0.421%$30K$4K10xas long as short