Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

LAYER

All LAYER markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
HyperliquidLAYER
0.06443+0.0100pay 0.0013% / 1h11m 13s$392K$67K3xLong Hyperliquid4% off
SHORT
BybitSOLAYERUSDT
0.06451+0.0100get 0.0050% / 4h1h 11m$895K$288K25xShort Bybit
Price gap+0.124%
Funding gap0.0000% /8h

Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$110.0000% /8h now · paid +0.112% over the last 7D
Price+$1spread +0.124% now, avg +0.118% → +0.007% if it goes back
Costs−$1441.441% of $10k · taker + slippage, in and out
Result−$132−1.32%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest

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+0.124%
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

LAYER on 14 exchanges

lowest funding first

Before you open

1 ok · 4 to watch
  • Watch: Thin at this size29.7 / 33.5 bp
    At $10k entering Bybit costs 33.5 bp, fee and slippage, 1.1× Hyperliquid’s.
  • Note: Margin at max leverage$3,333 + $400
    Hyperliquid 3x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: $0.00Long Hyperliquid: 24 payments, −$3.00; short Bybit: 6 payments, +$3.00.
  • Note: Gap at its usual level+0.124% vs +0.118%
    The price leg adds little either way.
  • Watch: Long leg is thinner$392K vs $895K OI
    Hyperliquid sets your exit cost. Check its book before closing.
  • OK: Points on a legHyperliquid Season 2
    Volume here counts toward the points program.
  • Watch: KYCHyperliquid No · Bybit Yes
    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+0.0053%/8h × 21 periods+$11.19
Price spread+0.124% → +0.118% (7d avg)+$0.66
Slippage, 4 orderslive order books−$124.09
Fee Hyperliquid bp × 2 orders−$9.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$132.25
Costs to cover1.441%Break-even89.7 days
Slippage: Hyperliquid: live order book, 45 min ago; Bybit: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGHyperliquid1.2429.7 bp−$30doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit3.8833.5 bp−$34263.4 bp−$2,634doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert