Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: Bybit against Hyperliquid−0.126%7-day average +0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1491.494% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)+0.285%+$29 · spread now −0.126%, 7d avg +0.088%
=Together, before fees+0.309%+ Points / potential airdropHyperliquid: Season 2 · farm board+$31 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 0.213% cheaper against Hyperliquid than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.088%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid IOTA | 0.04768 | 0.0100 | pay 0.0013% / 1h | 43m 48s | $895K | $334K | 3x |
| Short | Bybit IOTAUSDT | 0.04762 | 0.0100 | get 0.0100% / 8h | 2h 43m | $2.2M | $1.5M | 75x |
Hyperliquid IOTA
Bybit IOTAUSDTFunding 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: −0.126% → +0.088%
- −$21.34
- Slippage, 4 orders
- −$129.37
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$170.71
- Costs to cover
- 1.494%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 36 min ago; Bybit: live order book, 3 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, 36 min ago | 1.56 bp | 32.6 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.24 bp | 38.3 bp −$38 | 87.9 bp −$879 | doesn't fit | doesn't fit |
IOTA on 12 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_IOTAUSD | +0.0084% | 1h | 0.04767 | −0.022% | $19K | $13K | 10x | as long as short |
| Hyperliquid IOTAlong | +0.0100% | 1h | 0.04768 | long leg | $895K | $334K | 3x | |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04763 | −0.105% | $3.4M | $5.9M | 75x | as long as short |
| Bybit IOTAUSDTshort | +0.0100% | 8h | 0.04762 | −0.126% | $2.2M | $1.5M | 75x | |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04761 | −0.147% | $556K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04756 | −0.252% | $821K | $258K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04763 | −0.105% | $579K | $169K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04763 | −0.105% | $1.8M | $716K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04763 | −0.105% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04771 | +0.066% | $38K | $20K | — | as long as short |
Kraken Futures PF_IOTAUSD
Binance IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDT | +0.0127% | 8h | 0.04774 | +0.126% | $168K | $43K | 75x | as long as short |
| KuCoin IOTAUSDTM | +0.1030% | 8h | 0.04770 | +0.042% | $2.7M | $235K | 30x | as long as short |
BloFin IOTA-USDT
KuCoin IOTAUSDTM