Funding you earn now, next payment 02:00 UTC−0.1349%/8h= −147.7% APRpaid last 24h −0.171%
Price spread now: Bybit against Hyperliquid−0.216%7-day average −0.272% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.586%−$59 on $10k
+Price spread, last 7 days−0.063%−$6 · spread now −0.216%, 7d avg −0.272%
=Together, before fees−0.649%+ Points / potential airdropHyperliquid: Season 2 · farm board−$65 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.057% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.216% now, against its 7-day average of −0.272%): +$6 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.586% in total) that is about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.586% in total (about -30.5% 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 | Hyperliquid GRASS | 0.4218 | 0.1449 | pay 0.0181% / 1h | 52m 28s | $15.9M | $3.8M | 3x |
| Short | Bybit GRASSUSDT | 0.4209 | 0.0100 | get 0.0050% / 4h | 2h 52m | $23.8M | $15.4M | 25x |
Hyperliquid GRASS
Bybit GRASSUSDTFunding 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
- −$283.29
- Price spread: −0.216% → −0.272%
- $5.66
- 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
- −$297.63
- 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 10 min ago | 0.60 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.19 bp | 16.6 bp −$17 | 51.2 bp −$512 | doesn't fit | doesn't fit |
GRASS on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya GRASSRUSDPERP | −0.0112% | 1h | 0.4209 | −0.220% | $632 | — | 15x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | +1.164% | $7 | $23K | 5.5x | as long as short |
| Binance GRASSUSDT | +0.0100% | 4h | 0.4211 | −0.154% | $9.9M | $27.1M | 75x | as long as short |
| Bybit GRASSUSDTshort | +0.0100% | 4h | 0.4209 | −0.216% | $23.8M | $15.4M | 25x | |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4211 | −0.164% | $3.2M | $14.1M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4207 | −0.258% | $1.2M | $1.5M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4208 | −0.235% | $1.2M | $2.2M | 100x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4207 | −0.254% | $4.9M | $3.0M | 75x | as long as short |
| BingX GRASS-USDT | +0.0100% | 4h | 0.4207 | −0.258% | — | $7.3M | — | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4149 | −1.625% | $2.0M | $1.2M | — | as long as short |
Reya GRASSRUSDPERP
Injective GRASS/USDC PERP
Binance GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
MEXC GRASS_USDT
Bitget GRASSUSDT
BingX GRASS-USDT
Variational Omni GRASSShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended GRASS-USD | +0.0104% | 1h | 0.4203 | −0.355% | $208K | $900K | 10x | as long as short |
| BloFin GRASS-USDT | +0.0159% | 4h | 0.4212 | −0.140% | $536K | $297K | 20x | as long as short |
| KuCoin GRASSUSDTM | +0.0222% | 4h | 0.4207 | −0.258% | $1.3M | $1.5M | 50x | as long as short |
| Aster GRASSUSDT | +0.0588% | 4h | 0.4204 | −0.325% | $68K | $209K | 10x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.0630% | 1h | 0.4207 | −0.248% | $150K | $127K | 20x | as long as short |
| Hyperliquid GRASSlong | +0.1449% | 1h | 0.4218 | long leg | $15.9M | $3.8M | 3x | |
| Lighter GRASS | +0.2072% | 1h | 0.4227 | +0.211% | $825K | $780K | 5x | as long as short |
Extended GRASS-USD
BloFin GRASS-USDT
KuCoin GRASSUSDTM
Aster GRASSUSDT
Kraken Futures PF_GRASSUSD
Lighter GRASS