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

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget+0.115%7-day average −0.038% · you sell dearer than you buy
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−0.007%−$1 on $10k
Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.115%, 7d avg −0.038%
Together, before fees−0.143%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 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: Hyperliquid is 0.153% dearer against Bitget than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPERUSDT0.074150.0100pay 0.0050% / 4h1h 58m$310K$262K50x
ShortHyperliquid HYPER0.074230.0100get 0.0013% / 1h58m 02s$72K$121K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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: +0.115% → −0.038%
$15.31
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$5.69
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 17 min ago; Hyperliquid: live order book, 11 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 Bitget live order book, 17 min ago6.05 bp31.1 bp −$3182.2 bp −$822doesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago1.55 bp19.2 bp −$19doesn't fitdoesn't fitdoesn't fit

HYPER on 10 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
Gate HYPER_USDT−0.0180%4h0.07420+0.067%$90K$46K50xas long as short
KuCoin HYPERUSDTM−0.0160%4h0.07406−0.121%$131K$93K30xas long as short
Hyperliquid HYPERshort+0.0100%1h0.07423+0.115%$72K$121K3x
Aster HYPERUSDT+0.0100%4h0.07429+0.192%$20K$4K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07421+0.081%$2.0M$2.1M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.07429+0.189%$1.1M$704K25xas long as short
MEXC HYPER_USDT+0.0100%4h0.07417+0.027%$258K$128K20xas long as short
Bitget HYPERUSDTlong+0.0100%4h0.07415long leg$310K$262K50x
Variational Omni HYPER+0.0100%4h0.07410−0.065%$7K$1Kas long as short
BloFin HYPER-USDT+0.0129%4h0.07418+0.040%$190K$23K50xas long as short