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

INIT

All INIT markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitINITUSDT
0.1351−0.0081get 0.0041% / 4h1h 12m$2.2M$5.0M25xLong Bybit
SHORT
HyperliquidINIT
0.1354+0.0100get 0.0013% / 1h12m 05s$1.5M$1.0M3xShort Hyperliquid4% off
Price gap+0.203%
Funding gap+0.0181% /8h

Both sides work: funding pays +$5 a day on $10k, and the gap is 0.246% above its 7d average: +$25 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$33+0.0181% /8h now · paid +0.331% over the last 7D
Price+$25spread +0.203% now, avg −0.044% → +0.246% if it goes back
Costs−$1891.894% of $10k · taker + slippage, in and out
Result−$132−1.32%+ Points / potential airdropHyperliquid: Season 2 · farm board

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.203%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

INIT on 12 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size69.0 / 25.5 bp
    At $10k entering Bybit costs 69.0 bp, fee and slippage, 2.7× Hyperliquid’s.
  • Note: Margin at max leverage$400 + $3,333
    Bybit 25x, Hyperliquid 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$5.44Long Bybit: 6 payments, +$2.44; short Hyperliquid: 24 payments, +$3.00.
  • OK: Entry gap works for you+0.203% vs −0.044%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Short leg is thinner$1.5M vs $2.2M OI
    Both legs are deep; Hyperliquid is the smaller one.
  • OK: Points on a legHyperliquid Season 2
    Volume here counts toward the points program.
  • Watch: KYCBybit Yes · Hyperliquid No
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0158%/8h × 21 periods+$33.12
Price spread+0.203% → −0.044% (7d avg)+$24.62
Slippage, 4 orderslive order books−$169.45
Fee Bybit bp × 2 orders−$11.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$131.70
Costs to cover1.894%Break-even34.8 days
Slippage: Bybit: live order book, 3 min ago; Hyperliquid: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit5.5569.0 bp−$69187.6 bp−$1,876doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid2.5925.5 bp−$25285.2 bp−$2,852doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

INIT news

posts that mention INIT, from every exchange
10-29 06:18KuCoinOther24H Top 5 Gainers on #KuCoin (October 29, 2026) 1. XMN - $0.0006113 (+96.97%) 2. EVAA - $1.43 (+50.65%) 3. INIT - $0.2597 (+50.82%) 4. EYWA - $0.000649 (+37.27%) 5. Q - $0.07211 (+30.20%) Check Out and Sign Up on KuCoin! #Ku24hour @kucoincom on X ↗