Funding you earn now, next payment 00:00 UTC+0.0779%/8h= +85.3% APRpaid last 24h +0.065%
Price spread now: Hyperliquid against Bybit+0.123%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1781.778% of the position
Funding, last 7 days+0.664%+$66 on $10k
+Price spread, last 7 days−0.017%−$2 · spread now +0.123%, 7d avg +0.054%
=Together, before fees+0.648%+ Points / potential airdropHyperliquid: Season 2 · farm board+$65 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Hyperliquid is 0.069% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HEMIUSDT | 0.006480 | 0.0100 | pay 0.0050% / 4h | 35m 08s | $1.7M | $1.4M | 25x |
| Short | Hyperliquid HEMI | 0.006488 | 0.0879 | get 0.0110% / 1h | 35m 08s | $1.0M | $308K | 3x |
Bybit HEMIUSDT
Hyperliquid HEMIFunding 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
- $163.64
- Price spread: +0.123% → +0.054%
- $6.92
- Slippage, 4 orders
- −$157.76
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$7.2
- Costs to cover
- 1.778%
- Break-even
- 7.3 days
Slippage from Bybit: live order book, 1 min ago; Hyperliquid: live order book, 5 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, 1 min ago | 4.62 bp | 63.8 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.54 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
HEMI 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HEMIUSDT | +0.0100% | 4h | 0.006484 | +0.054% | $75K | $36K | 5x | as long as short |
| Binance HEMIUSDT | +0.0100% | 4h | 0.006486 | +0.093% | $6.4M | $10.3M | 20x | as long as short |
| Bybit HEMIUSDTlong | +0.0100% | 4h | 0.006480 | long leg | $1.7M | $1.4M | 25x | |
| Gate HEMI_USDT | +0.0100% | 4h | 0.006490 | +0.154% | $496K | $232K | 20x | as long as short |
| MEXC HEMI_USDT | +0.0100% | 4h | 0.006486 | +0.093% | $1.7M | $288K | 50x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006493 | +0.201% | $831K | $1.7M | 20x | as long as short |
| BingX HEMI-USDT | +0.0100% | 4h | 0.006484 | +0.062% | — | $1.3M | — | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006488 | +0.127% | $23K | $4K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006631 | +2.330% | $1K | $1.1M | 20x | as long as short |
| Extended HEMI-USD | +0.0104% | 1h | 0.006482 | +0.034% | $17K | $516 | 5x | as long as short |
Aster HEMIUSDT
Binance HEMIUSDT
Gate HEMI_USDT
MEXC HEMI_USDT
KuCoin HEMIUSDTM
BingX HEMI-USDT
Variational Omni HEMI
SunX HEMI-USDT
Extended HEMI-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin HEMI-USDT | +0.0119% | 4h | 0.006488 | +0.123% | $350K | $66K | 20x | as long as short |
| Hyperliquid HEMIshort | +0.0879% | 1h | 0.006488 | +0.123% | $1.0M | $308K | 3x |
BloFin HEMI-USDT