Funding you earn now, next payment 05:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.025%
Price spread now: Bybit against Hyperliquid−0.268%7-day average −0.231% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.088%−$9 on $10k
+Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.268%, 7d avg −0.231%
=Together, before fees−0.030%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.037% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.231%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MANTA | 0.07077 | 0.0184 | pay 0.0023% / 1h | 33m 52s | $473K | $228K | 3x |
| Short | Bybit MANTAUSDT | 0.07058 | 0.0100 | get 0.0050% / 4h | 3h 33m | $3.3M | $834K | 25x |
Hyperliquid MANTA
Bybit MANTAUSDTFunding 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
- −$17.61
- Price spread: −0.268% → −0.231%
- −$3.7
- 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
- −$41.31
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 56 min ago; Bybit: live order book, 4 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, 56 min ago | 1.40 bp | 19.1 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.12 bp | 87.3 bp −$87 | 620.1 bp −$6,201 | doesn't fit | doesn't fit |
MANTA 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective MANTA/USDC PERP | −0.3961% | 1h | 0.07000 | −1.088% | $2K | $40K | 5.5x | as long as short |
| Aster MANTAUSDT | +0.0100% | 4h | 0.07066 | −0.162% | $5K | $7K | 5x | as long as short |
| Binance MANTAUSDT | +0.0100% | 4h | 0.07067 | −0.141% | $5.5M | $4.5M | 50x | as long as short |
| Bybit MANTAUSDTshort | +0.0100% | 4h | 0.07058 | −0.268% | $3.3M | $834K | 25x | |
| Gate MANTA_USDT | +0.0100% | 4h | 0.07070 | −0.099% | $217K | $129K | 50x | as long as short |
| MEXC MANTA_USDT | +0.0100% | 4h | 0.07068 | −0.127% | $13.6M | $619K | 50x | as long as short |
| KuCoin MANTAUSDTM | +0.0100% | 4h | 0.07054 | −0.325% | $235K | $53K | 50x | as long as short |
| Variational Omni MANTA | +0.0100% | 4h | 0.07051 | −0.371% | $17K | $3K | — | as long as short |
| BloFin MANTA-USDT | +0.0129% | 4h | 0.07075 | −0.028% | $324K | $23K | 50x | as long as short |
| Hyperliquid MANTAlong | +0.0184% | 1h | 0.07077 | long leg | $473K | $228K | 3x |
Injective MANTA/USDC PERP
Aster MANTAUSDT
Binance MANTAUSDT
Gate MANTA_USDT
MEXC MANTA_USDT
KuCoin MANTAUSDTM
Variational Omni MANTA
BloFin MANTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MANTAUSDT | +0.0236% | 4h | 0.07076 | −0.014% | $3.2M | $395K | 50x | as long as short |
| BingX MANTA-USDT | +0.0246% | 4h | 0.07065 | −0.170% | — | $1.5M | — | as long as short |
Bitget MANTAUSDT
BingX MANTA-USDT