Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.042%
Price spread now: Bybit against Hyperliquid−0.155%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$730.730% of the position
Funding, last 7 days−0.249%−$25 on $10k
+Price spread, last 7 days+0.073%+$7 · spread now −0.155%, 7d avg −0.126%
=Together, before fees−0.176%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 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 0.030% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.126%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid JTO | 0.5148 | 0.0100 | pay 0.0013% / 1h | 56m 01s | $7.0M | $3.2M | 5x |
| Short | Bybit JTOUSDT | 0.5140 | 0.0100 | get 0.0050% / 4h | 56m 01s | $7.2M | $13.9M | 50x |
Hyperliquid JTO
Bybit JTOUSDTFunding 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: −0.155% → −0.126%
- −$2.96
- Slippage, 4 orders
- −$53
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$75.96
- Costs to cover
- 0.730%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Bybit: live order book, 2 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, 6 min ago | 0.49 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.98 bp | 24.9 bp −$25 | 56.0 bp −$560 | doesn't fit | doesn't fit |
JTO on 26 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 JTO_USDT | −0.0413% | 8h | 0.5138 | −0.194% | $894K | $996K | 75x | as long as short |
| Deribit JTO_USDC-PERPETUAL | −0.0138% | 1h | 0.5150 | +0.039% | $13K | $10K | 10x | as long as short |
| dYdX JTO-USD | 0.0000% | 1h | 0.5147 | −0.017% | $4K | $4K | 5x | as long as short |
| Reya JTORUSDPERP | 0.0000% | 1h | 0.5539 | +7.602% | — | — | — | as long as short |
| Injective JTO/USDC PERP | +0.0033% | 1h | 0.4973 | −3.399% | $31 | $43K | 5.5x | as long as short |
| Paradex JTO-USD-PERP | +0.0081% | 8h | 0.5144 | −0.074% | $513 | — | 5x | as long as short |
| Orderly PERP_JTO_USDC_mythos | +0.0094% | 4h | 0.5147 | −0.019% | $4K | $652 | 10x | as long as short |
| Lighter JTO | +0.0096% | 1h | 0.5150 | +0.037% | $118K | $226K | 10x | as long as short |
| Hyperliquid JTOlong | +0.0100% | 1h | 0.5148 | long leg | $7.0M | $3.2M | 5x | |
| Aster JTOUSDT | +0.0100% | 4h | 0.5150 | +0.031% | $126K | $219K | 10x | as long as short |
Gate JTO_USDT
Deribit JTO_USDC-PERPETUAL
dYdX JTO-USD
Reya JTORUSDPERP
Injective JTO/USDC PERP
Paradex JTO-USD-PERP
Orderly PERP_JTO_USDC_mythos
Lighter JTO
Aster JTOUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance JTOUSDT | +0.0100% | 4h | 0.5142 | −0.113% | $11.2M | $27.4M | 75x | as long as short |
| Bybit JTOUSDTshort | +0.0100% | 4h | 0.5140 | −0.155% | $7.2M | $13.9M | 50x | |
| OKX JTO-USDT-SWAP | +0.0100% | 4h | 0.5137 | −0.214% | $3.9M | $9.3M | 50x | as long as short |
| Bulk JTO-USD | +0.0100% | 1h | 0.5117 | −0.601% | $55K | $17K | 10x | as long as short |
| MEXC JTO_USDT | +0.0100% | 4h | 0.5135 | −0.253% | $6.7M | $3.3M | 50x | as long as short |
| KuCoin JTOUSDTM | +0.0100% | 4h | 0.5141 | −0.144% | $1.5M | $596K | 20x | as long as short |
| Bitget JTOUSDT | +0.0100% | 4h | 0.5139 | −0.175% | $2.4M | $2.3M | 50x | as long as short |
| BingX JTO-USDT | +0.0100% | 4h | 0.5142 | −0.117% | — | $68.0M | — | as long as short |
| Backpack JTO_USDC_PERP | +0.0100% | 1h | 0.5152 | +0.087% | $269K | $318K | 10x | as long as short |
| Variational Omni JTO | +0.0100% | 4h | 0.5146 | −0.046% | $223K | $288K | — | as long as short |
| Extended JTO-USD | +0.0104% | 1h | 0.5140 | −0.156% | $518K | $1.7M | 10x | as long as short |
| GMX JTO/USD [WBTC.b-USDC] | L +0.0224% / S −0.2181% | 1h | 0.5150 | +0.041% | $2K | — | 50x | as long as short |
| BloFin JTO-USDT | +0.0340% | 4h | 0.5107 | −0.796% | $623K | $501K | 75x | as long as short |
| Coinbase International JTO-PERP-INTX | +0.0416% | 1h | 0.5147 | −0.019% | $59K | $136K | 25x | as long as short |
| Phoenix JTO | +0.0464% | 1h | 0.5118 | −0.583% | $378K | $110K | 5x | as long as short |
| Kraken Futures PF_JTOUSD | +0.0730% | 1h | 0.5149 | +0.022% | $337K | $312K | 25x | as long as short |
Binance JTOUSDT
OKX JTO-USDT-SWAP
Bulk JTO-USD
MEXC JTO_USDT
KuCoin JTOUSDTM
Bitget JTOUSDT
BingX JTO-USDT
Backpack JTO_USDC_PERP
Variational Omni JTO
Extended JTO-USD
GMX JTO/USD [WBTC.b-USDC]
BloFin JTO-USDT
Coinbase International JTO-PERP-INTX
Phoenix JTO
Kraken Futures PF_JTOUSD