Funding you earn now, next payment 23:00 UTC−0.0740%/8h= −81.0% APRpaid last 24h −0.055%
Price spread now: Bybit against Hyperliquid−0.277%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$740.739% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 7 days+0.305%+$31 · spread now −0.277%, 7d avg −0.013%
=Together, before fees+0.232%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Bybit is 0.264% cheaper against Hyperliquid than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid KAITO | 0.3466 | 0.0840 | pay 0.0105% / 1h | 55m 48s | $2.0M | $745K | 5x |
| Short | Bybit KAITOUSDT | 0.3456 | 0.0100 | get 0.0050% / 4h | 1h 55m | $4.3M | $6.6M | 75x |
Hyperliquid KAITO
Bybit KAITOUSDTFunding 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
- −$155.43
- Price spread: −0.277% → −0.013%
- −$26.41
- Slippage, 4 orders
- −$53.89
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$255.72
- Costs to cover
- 0.739%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 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, 5 min ago | 2.17 bp | 8.5 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.90 bp | 33.9 bp −$34 | 83.3 bp −$833 | doesn't fit | doesn't fit |
KAITO on 27 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_KAITOUSD | −0.0434% | 1h | 0.3456 | −0.291% | $236K | $159K | 10x | as long as short |
| Injective KAITO/USDC PERP | −0.0055% | 1h | 0.3441 | −0.710% | $7K | $52K | 12x | as long as short |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −2.750% | — | — | — | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3454 | −0.341% | $115K | $34K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3451 | −0.428% | $18K | $12K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3456 | −0.288% | $10.4M | $15.6M | 75x | as long as short |
| Bybit KAITOUSDTshort | +0.0100% | 4h | 0.3456 | −0.277% | $4.3M | $6.6M | 75x | |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3455 | −0.306% | $4.1M | $9.9M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3454 | −0.335% | $671K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3456 | −0.277% | $3.3M | $1.0M | 50x | as long as short |
Kraken Futures PF_KAITOUSD
Injective KAITO/USDC PERP
Reya KAITORUSDPERP
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDT
MEXC KAITO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3451 | −0.421% | $1.4M | $167K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3464 | −0.046% | $4.2M | $2.9M | 75x | as long as short |
| BingX KAITO-USDT | +0.0100% | 4h | 0.3456 | −0.277% | — | $6.7M | — | as long as short |
| Backpack KAITO_USDC_PERP | +0.0100% | 1h | 0.3452 | −0.401% | $18K | $168K | 10x | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3446 | −0.555% | $43K | $236K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3441 | −0.696% | $230K | $3.2M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3439 | −0.768% | $29K | $256K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3452 | −0.381% | $11K | $4.0M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3450 | −0.453% | $3K | $2K | 10x | as long as short |
| Paradex KAITO-USD-PERP | +0.0101% | 8h | 0.3450 | −0.454% | $4K | $604 | 10x | as long as short |
| edgeX KAITOUSDC | +0.0103% | 4h | 0.3442 | −0.682% | $17K | $319K | 5x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3456 | −0.264% | $62K | $41K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3451 | −0.418% | $240K | $1K | 3x | as long as short |
| BloFin KAITO-USDT | +0.0141% | 4h | 0.3446 | −0.566% | $537K | $59K | 75x | as long as short |
| 01 Exchange KAITOUSD | +0.0176% | 1h | 0.3450 | −0.439% | $6K | $2K | 3x | as long as short |
| Hyperliquid KAITOlong | +0.0840% | 1h | 0.3466 | long leg | $2.0M | $745K | 5x | |
| Lighter KAITO | +0.1080% | 1h | 0.3465 | −0.029% | $83K | $82K | 5x | as long as short |
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDT
Backpack KAITO_USDC_PERP
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Paradex KAITO-USD-PERP
edgeX KAITOUSDC
Extended KAITO-USD
Aevo KAITO-PERP
BloFin KAITO-USDT
01 Exchange KAITOUSD
Lighter KAITO