Funding you earn now, next payment 02:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.005%
Price spread now: Hyperliquid against Bybit+0.016%7-day average −0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1571.567% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.016%, 7d avg −0.082%
=Together, before fees−0.006%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.098% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.082%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEMEUSDT | 0.0006189 | 0.0080 | pay 0.0040% / 4h | 2h 12m | $1.3M | $631K | 50x |
| Short | Hyperliquid MEME | 0.0006190 | 0.0100 | get 0.0013% / 1h | 12m 07s | $572K | $159K | 3x |
Bybit MEMEUSDT
Hyperliquid MEMEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $4.23
- Price spread: +0.016% → −0.082%
- $9.77
- Slippage, 4 orders
- −$136.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$142.67
- Costs to cover
- 1.567%
- Break-even
- 243.4 days
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 38 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 Bybit live order book, 4 min ago | 4.03 bp | 48.8 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 38 min ago | 8.02 bp | 40.2 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
MEME on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX MEME/USD [WBTC.b-USDC] | L 0.0000% / S 0.0000% | 1h | 0.0006170 | −0.307% | — | — | 100x | as long as short |
| Bybit MEMEUSDTlong | +0.0080% | 4h | 0.0006189 | long leg | $1.3M | $631K | 50x | |
| Hyperliquid MEMEshort | +0.0100% | 1h | 0.0006190 | +0.016% | $572K | $159K | 3x | |
| Binance MEMEUSDT | +0.0100% | 4h | 0.0006191 | +0.034% | $2.5M | $4.8M | 50x | as long as short |
| OKX MEME-USDT-SWAP | +0.0100% | 4h | 0.0006182 | −0.113% | $642K | $2.1M | 20x | as long as short |
| Gate MEME_USDT | +0.0100% | 4h | 0.0006182 | −0.113% | $428K | $77K | 20x | as long as short |
| MEXC MEME_USDT | +0.0100% | 4h | 0.0006189 | 0.000% | $904K | $385K | 50x | as long as short |
| KuCoin MEMEUSDTM | +0.0100% | 4h | 0.0006187 | −0.032% | $186K | $53K | 30x | as long as short |
| Bitget MEMEUSDT | +0.0100% | 4h | 0.0006190 | +0.016% | $446K | $757K | 25x | as long as short |
| BingX MEME-USDT | +0.0100% | 4h | 0.0006188 | −0.016% | — | $2.4M | — | as long as short |
GMX MEME/USD [WBTC.b-USDC]
Binance MEMEUSDT
OKX MEME-USDT-SWAP
Gate MEME_USDT
MEXC MEME_USDT
KuCoin MEMEUSDTM
Bitget MEMEUSDT
BingX MEME-USDT