Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid−0.231%7-day average −0.141% · you buy dearer than you sell
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)+0.015%+$2 · spread now −0.231%, 7d avg −0.141%
=Together, before fees−0.031%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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 0.089% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.141%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INIT | 0.08239 | 0.0100 | pay 0.0013% / 1h | 8m 51s | $304K | $230K | 3x |
| Short | Bybit INITUSDT | 0.08220 | 0.0100 | get 0.0050% / 4h | 8m 51s | $1.4M | $1.5M | 25x |
Hyperliquid INIT
Bybit INITUSDTFunding 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: −0.231% → −0.141%
- −$8.94
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$28.94
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Bybit: live order book, 2 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 Hyperliquid live order book, 11 min ago | 1.27 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 7.28 bp | 41.2 bp −$41 | 77.1 bp −$771 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.5701% | 1h | 0.08185 | −0.659% | $3K | $19K | 10x | as long as short |
| BloFin INIT-USDT | +0.0056% | 4h | 0.08251 | +0.146% | $150K | $112K | 25x | as long as short |
| Hyperliquid INITlong | +0.0100% | 1h | 0.08239 | long leg | $304K | $230K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08243 | +0.055% | $27K | $39K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08238 | −0.010% | $3.3M | $3.8M | 25x | as long as short |
| Bybit INITUSDTshort | +0.0100% | 4h | 0.08220 | −0.231% | $1.4M | $1.5M | 25x | |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08235 | −0.049% | $138K | $663K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08242 | +0.036% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08234 | −0.061% | $443K | $212K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08241 | +0.024% | $322K | $57K | 25x | as long as short |
Kraken Futures PF_INITUSD
BloFin INIT-USDT
Aster INITUSDT
Binance INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDT | +0.0100% | 4h | 0.08235 | −0.049% | $427K | $308K | 25x | as long as short |
| BingX INIT-USDT | +0.0100% | 4h | 0.08235 | −0.049% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08243 | +0.054% | $26K | $23K | — | as long as short |
Bitget INITUSDT
BingX INIT-USDT
Variational Omni INIT