Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.006%7-day average +0.143% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.006%, 7d avg +0.143%
=Together, before fees+0.191%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 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 0.137% cheaper against Bybit than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.143%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit INITUSDT | 0.08209 | 0.0100 | pay 0.0050% / 4h | 16m 32s | $1.4M | $1.4M | 25x |
| Short | Hyperliquid INIT | 0.08210 | 0.0100 | get 0.0013% / 1h | 16m 32s | $299K | $233K | 3x |
Bybit INITUSDT
Hyperliquid INITFunding 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
- $0
- Price spread: +0.006% → +0.143%
- −$13.66
- 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
- −$33.66
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; Hyperliquid: live order book, 43 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, 4 min ago | 6.12 bp | 43.8 bp −$44 | 107.6 bp −$1,076 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 43 min ago | 2.32 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin INIT-USDT | +0.0074% | 4h | 0.08196 | −0.158% | $153K | $110K | 25x | as long as short |
| Hyperliquid INITshort | +0.0100% | 1h | 0.08210 | +0.006% | $299K | $233K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08214 | +0.063% | $27K | $37K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08215 | +0.073% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDTlong | +0.0100% | 4h | 0.08209 | long leg | $1.4M | $1.4M | 25x | |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08221 | +0.146% | $133K | $635K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08194 | −0.183% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08216 | +0.085% | $447K | $220K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08199 | −0.122% | $326K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08206 | −0.037% | $429K | $311K | 25x | as long as short |
BloFin INIT-USDT
Aster INITUSDT
Binance INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08214 | +0.061% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08177 | −0.385% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0497% | 1h | 0.08201 | −0.097% | $5K | $17K | 10x | as long as short |
BingX INIT-USDT
Variational Omni INIT
Kraken Futures PF_INITUSD