Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: Bybit against Hyperliquid−0.016%7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1511.511% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 4 days (all we have)+0.125%+$12 · spread now −0.016%, 7d avg +0.078%
=Together, before fees+0.039%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.095% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MEME | 0.0006150 | 0.0100 | pay 0.0013% / 1h | 6m 15s | $561K | $186K | 3x |
| Short | Bybit MEMEUSDT | 0.0006149 | 0.0100 | get 0.0050% / 4h | 6m 15s | $1.2M | $665K | 50x |
Hyperliquid MEME
Bybit MEMEUSDTFunding 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
- $0
- Price spread: −0.016% → +0.078%
- −$9.47
- Slippage, 4 orders
- −$131.05
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$160.53
- Costs to cover
- 1.511%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 23 min ago; Bybit: live order book, 4 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, 23 min ago | 16.21 bp | 28.4 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.06 bp | 48.2 bp −$48 | 408.0 bp −$4,080 | doesn't fit | doesn't fit |
MEME on 11 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 | 0.0006140 | −0.163% | — | — | 100x | as long as short |
| BloFin MEME-USDT | +0.0071% | 4h | 0.0006159 | +0.146% | $127K | $6K | 50x | as long as short |
| Hyperliquid MEMElong | +0.0100% | 1h | 0.0006150 | long leg | $561K | $186K | 3x | |
| Binance MEMEUSDT | +0.0100% | 4h | 0.0006148 | −0.034% | $2.4M | $4.9M | 50x | as long as short |
| Bybit MEMEUSDTshort | +0.0100% | 4h | 0.0006149 | −0.016% | $1.2M | $665K | 50x | |
| OKX MEME-USDT-SWAP | +0.0100% | 4h | 0.0006141 | −0.146% | $617K | $2.0M | 20x | as long as short |
| Gate MEME_USDT | +0.0100% | 4h | 0.0006148 | −0.033% | $432K | $78K | 20x | as long as short |
| MEXC MEME_USDT | +0.0100% | 4h | 0.0006149 | −0.016% | $828K | $404K | 50x | as long as short |
| KuCoin MEMEUSDTM | +0.0100% | 4h | 0.0006155 | +0.081% | $186K | $47K | 30x | as long as short |
| Bitget MEMEUSDT | +0.0100% | 4h | 0.0006152 | +0.033% | $446K | $750K | 25x | as long as short |
GMX MEME/USD [WBTC.b-USDC]
BloFin MEME-USDT
Binance MEMEUSDT
OKX MEME-USDT-SWAP
Gate MEME_USDT
MEXC MEME_USDT
KuCoin MEMEUSDTM
Bitget MEMEUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MEME-USDT | +0.0100% | 4h | 0.0006153 | +0.049% | — | $2.4M | — | as long as short |
BingX MEME-USDT