Funding you earn now, next payment 05:00 UTC−0.0500%/8h= −54.7% APRpaid last 24h −0.069%
Price spread now: Bybit against Hyperliquid−0.315%7-day average −0.383% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 7 days+0.001%$0 · spread now −0.315%, 7d avg −0.383%
=Together, before fees−0.108%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.068% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.315% now, against its 7-day average of −0.383%): +$7 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.109% in total) that is about 4.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% 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 LINEA | 0.002855 | 0.0600 | pay 0.0075% / 1h | 34m 15s | $2.8M | $281K | 3x |
| Short | Bybit LINEAUSDT | 0.002846 | 0.0100 | get 0.0050% / 4h | 3h 34m | $2.9M | $844K | 50x |
Hyperliquid LINEA
Bybit LINEAUSDTFunding 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
- −$104.9
- Price spread: −0.315% → −0.383%
- $6.75
- 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
- −$118.15
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Bybit: live order book, 3 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, 7 min ago | 3.49 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.27 bp | 45.6 bp −$46 | 174.8 bp −$1,748 | doesn't fit | doesn't fit |
LINEA on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective LINEA/USDC PERP | +0.0033% | 1h | 0.002810 | −1.576% | $734 | $39K | 5.5x | as long as short |
| Backpack LINEA_USDC_PERP | +0.0063% | 1h | 0.002847 | −0.287% | $90K | $61K | 10x | as long as short |
| Lighter LINEA | +0.0096% | 1h | 0.002850 | −0.175% | $112K | $56K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002849 | −0.200% | $20K | $13 | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002846 | −0.303% | $4.1M | $4.0M | 50x | as long as short |
| Bybit LINEAUSDTshort | +0.0100% | 4h | 0.002846 | −0.315% | $2.9M | $844K | 50x | |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002844 | −0.385% | $1.2M | $968K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002850 | −0.175% | $235K | $78K | 50x | as long as short |
| MEXC LINEA_USDT | +0.0100% | 4h | 0.002846 | −0.315% | $4.0M | $1.1M | 100x | as long as short |
| KuCoin LINEAUSDTM | +0.0100% | 4h | 0.002850 | −0.175% | $568K | $60K | 50x | as long as short |
Injective LINEA/USDC PERP
Backpack LINEA_USDC_PERP
Lighter LINEA
Aster LINEAUSDT
Binance LINEAUSDT
OKX LINEA-USDT-SWAP
Gate LINEA_USDT
MEXC LINEA_USDT
KuCoin LINEAUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget LINEAUSDT | +0.0100% | 4h | 0.002850 | −0.175% | $1.1M | $471K | 50x | as long as short |
| BingX LINEA-USDT | +0.0100% | 4h | 0.002847 | −0.280% | — | $2.6M | — | as long as short |
| Variational Omni LINEA | +0.0100% | 4h | 0.002844 | −0.385% | $109K | $55K | — | as long as short |
| GRVT LINEA_USDT_Perp | +0.0100% | 4h | 0.002858 | +0.088% | $149K | $2.3M | 10x | as long as short |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002850 | −0.175% | $2K | $20K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002900 | +1.576% | $2K | $1.6M | 20x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002846 | −0.309% | $13K | $163K | 10x | as long as short |
| BloFin LINEA-USDT | +0.0111% | 4h | 0.002855 | 0.000% | $217K | $30K | 50x | as long as short |
| GMX LINEA/USD [ETH-USDC] | L +0.0179% / S +0.0151% | 1h | 0.002847 | −0.280% | $33K | — | 100x | as long as short |
| Reya LINEARUSDPERP | +0.0275% | 1h | 0.002846 | −0.301% | $4K | — | 3x | as long as short |
| Hyperliquid LINEAlong | +0.0600% | 1h | 0.002855 | long leg | $2.8M | $281K | 3x |
Bitget LINEAUSDT
BingX LINEA-USDT
Variational Omni LINEA
GRVT LINEA_USDT_Perp
ApeX Omni LINEAUSDT
SunX LINEA-USDT
Extended LINEA-USD
BloFin LINEA-USDT
GMX LINEA/USD [ETH-USDC]
Reya LINEARUSDPERP