Funding you earn now, next payment 04:00 UTC−0.0014%/8h= −1.6% APRpaid last 24h +0.010%
Price spread now: Bullet against Bybit0.000%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$260.265% of the position
Funding, last 3 days (all we have)+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.410%+$41 · spread now 0.000%, 7d avg +0.046%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bullet is 0.046% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HYPEUSDT | 92.850 | 0.0045 | pay 0.0045% / 8h | 4h 00m | $316.7M | $281.2M | 75x |
| Short | Bullet HYPE-USD | 92.850 | 0.0031 | get 0.0004% / 1h | 0m 56s | $111K | $579K | 20x |
Bybit HYPEUSDT
Bullet HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- −$3.02
- Price spread: 0.000% → +0.046%
- −$4.59
- Slippage, 4 orders
- −$7.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$34.07
- Costs to cover
- 0.265%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Bullet: live order book, 58 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, 3 min ago | 0.54 bp | 6.5 bp −$6 | 8.0 bp −$80 | 16.2 bp −$1,624 | 51.0 bp −$25.5K |
| Sell Bullet live order book, 58 min ago | 0.54 bp | 6.2 bp −$6 | 11.0 bp −$110 | doesn't fit | doesn't fit |
HYPE on 55 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.859 | +0.010% | $1.1M | $3.9M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0424% | 1h | 92.753 | −0.105% | $194K | $225K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0277% | 1h | 92.822 | −0.030% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.875 | +0.027% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0063% | 4h | 92.856 | +0.006% | $157K | $653K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.865 | +0.016% | $127K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 92.919 | +0.074% | $86K | $361K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.890 | +0.043% | $22K | $302K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.898 | +0.052% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0026% | 8h | 92.875 | +0.027% | $12.5M | $2.7M | 50x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USDshort | +0.0031% | 1h | 92.850 | 0.000% | $111K | $579K | 20x | |
| BingX HYPE-USDT | +0.0036% | 4h | 92.859 | +0.010% | — | $53.5M | — | as long as short |
| Ondo Perps HYPE-USD.P | +0.0042% | 1h | 92.810 | −0.043% | $698K | $1.1M | 10x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.755 | −0.102% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDTlong | +0.0045% | 8h | 92.850 | long leg | $316.7M | $281.2M | 75x | |
| Aster HYPEUSDT | +0.0068% | 4h | 92.898 | +0.052% | $8.7M | $36.1M | 300x | as long as short |
| Bitget HYPEUSDT | +0.0088% | 4h | 92.890 | +0.043% | $224.8M | $98.7M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 92.901 | +0.055% | $339K | $163K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0095% | 4h | 92.845 | −0.005% | $4.9M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.902 | +0.056% | $16.1M | $62.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.902 | +0.056% | $3.1M | $11.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.903 | +0.057% | $69K | $1.1M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0098% | 8h | 92.864 | +0.015% | $113.9M | $303.6M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.880 | +0.032% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.864 | +0.016% | $7.4M | $45.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.914 | +0.069% | $2.02B | $663.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.910 | +0.065% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.883 | +0.036% | $373.2M | $902.4M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.800 | −0.054% | $202K | $13K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 92.872 | +0.024% | $44.5M | $55.5M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.888 | +0.041% | $88.3M | $81.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.880 | +0.032% | $46.1M | $18.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.893 | +0.046% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.859 | +0.009% | $28.5M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.903 | +0.057% | $7.5M | $46.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.856 | +0.006% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.868 | +0.019% | $667K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.919 | +0.075% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.916 | +0.071% | $469K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.871 | +0.023% | $79K | $168K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.842 | −0.009% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.882 | +0.034% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.893 | +0.046% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.016 | +0.179% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.855 | +0.006% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.863 | +0.014% | $393K | $164K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 92.960 | +0.118% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.950 | +0.108% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0225% | 8h | 92.939 | +0.096% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0263% | 1h | 92.874 | +0.025% | $79K | $131K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0310% | 1h | 92.965 | +0.124% | $7.5M | $4.5M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.867 | +0.018% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0331% | 1h | 92.937 | +0.094% | $20.6M | $30.4M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.879 | +0.031% | $16.8M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.962 | +0.121% | $3.2M | $6.4M | 20x | as long as short |
BingX HYPE-USDT
Ondo Perps HYPE-USD.P
Phoenix HYPE
Aster HYPEUSDT
Bitget HYPEUSDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
OKX HYPE-USDT-SWAP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC