Funding you earn now, next payment 05:00 UTC+0.0574%/8h= +62.9% APRpaid last 24h +0.025%
Price spread now: Hyperliquid against Bybit+0.160%7-day average +0.099% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 7 days−0.059%−$6 · spread now +0.160%, 7d avg +0.099%
=Together, before fees+0.057%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Hyperliquid is 0.061% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.099%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.0% 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 HBARUSDT | 0.09516 | 0.0100 | pay 0.0100% / 8h | 3h 33m | $33.6M | $35.0M | 75x |
| Short | Hyperliquid HBAR | 0.09531 | 0.0674 | get 0.0084% / 1h | 33m 16s | $9.7M | $3.2M | 5x |
Bybit HBARUSDT
Hyperliquid HBARFunding 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
- $120.57
- Price spread: +0.160% → +0.099%
- $6.06
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $106.63
- Costs to cover
- 0.200%
- Break-even
- 0.8 days
Slippage unknown: Bybit: live order book, just now; Hyperliquid: live order book, 9 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 Bybit live order book, just now | 0.52 bp | 13.0 bp −$13 | 24.6 bp −$246 | 74.0 bp −$7,396 | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.10 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09491 | −0.265% | $31K | $4K | 5x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09516 | +0.005% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −2.459% | $1K | $105K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09508 | −0.084% | $2K | $14K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09523 | +0.074% | $233K | $2.3M | 50x | as long as short |
| KuCoin HBARUSDTM | +0.0087% | 8h | 0.09521 | +0.053% | $7.6M | $7.4M | 75x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09515 | −0.011% | $574K | $616K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09518 | +0.017% | $217K | $336K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09516 | +0.001% | $35.3M | $109.1M | 75x | as long as short |
| Bybit HBARUSDTlong | +0.0100% | 8h | 0.09516 | long leg | $33.6M | $35.0M | 75x |
dYdX HBAR-USD
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
KuCoin HBARUSDTM
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09517 | +0.011% | $6.7M | $26.0M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09516 | 0.000% | $2.5M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09516 | 0.000% | $26.4M | $19.6M | 200x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09516 | 0.000% | $17.6M | $15.4M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09515 | −0.011% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09486 | −0.315% | $39K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09483 | −0.348% | $1.1M | $187K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09483 | −0.343% | $387K | $2.7M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09480 | −0.378% | $154K | $710K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09513 | −0.032% | $442 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09530 | +0.147% | $72K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09514 | −0.021% | $2.2M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09513 | −0.028% | $50K | $273K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09513 | −0.032% | $1.5M | $5.6M | 90x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | +0.0275% | 1h | 0.09522 | +0.063% | $524K | $190K | 50x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0353% | 1h | 0.09518 | +0.021% | $1.4M | $2.9M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0357% / S −0.0250% | 1h | 0.09515 | −0.013% | $84K | — | 100x | as long as short |
| Hyperliquid HBARshort | +0.0674% | 1h | 0.09531 | +0.160% | $9.7M | $3.2M | 5x |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Deribit HBAR_USDC-PERPETUAL
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]