Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid+0.047%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1021.015% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.047%, 7d avg +0.005%
=Together, before fees−0.089%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 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: Bybit is 0.042% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HYPER | 0.07455 | 0.0100 | pay 0.0013% / 1h | 19m 55s | $72K | $121K | 3x |
| Short | Bybit HYPERUSDT | 0.07458 | 0.0100 | get 0.0050% / 4h | 2h 19m | $1.2M | $706K | 25x |
Hyperliquid HYPER
Bybit HYPERUSDTFunding 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
- $0
- Price spread: +0.047% → +0.005%
- $4.23
- Slippage, 4 orders
- −$81.51
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$97.27
- Costs to cover
- 1.015%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 63 min ago; Bybit: live order book, 6 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 Hyperliquid live order book, 63 min ago | 0.07 bp | 18.6 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 2.02 bp | 28.8 bp −$29 | 290.8 bp −$2,908 | doesn't fit | doesn't fit |
HYPER on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPER_USDT | −0.0118% | 4h | 0.07450 | −0.060% | $91K | $46K | 50x | as long as short |
| KuCoin HYPERUSDTM | −0.0022% | 4h | 0.07441 | −0.181% | $132K | $93K | 30x | as long as short |
| Hyperliquid HYPERlong | +0.0100% | 1h | 0.07455 | long leg | $72K | $121K | 3x | |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07457 | +0.039% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07456 | +0.020% | $2.0M | $2.1M | 50x | as long as short |
| Bybit HYPERUSDTshort | +0.0100% | 4h | 0.07458 | +0.047% | $1.2M | $706K | 25x | |
| MEXC HYPER_USDT | +0.0100% | 4h | 0.07450 | −0.060% | $259K | $131K | 20x | as long as short |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07454 | −0.007% | $311K | $262K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07459 | +0.055% | $7K | $1K | — | as long as short |
| BloFin HYPER-USDT | +0.0108% | 4h | 0.07448 | −0.087% | $189K | $23K | 50x | as long as short |
Gate HYPER_USDT
KuCoin HYPERUSDTM
Aster HYPERUSDT
Binance HYPERUSDT
MEXC HYPER_USDT
Bitget HYPERUSDT
Variational Omni HYPER
BloFin HYPER-USDT