Funding you earn now, next payment 04:00 UTC+0.0386%/8h= +42.2% APRpaid last 24h +0.222%
Price spread now: Hyperliquid against Bybit−0.141%7-day average −0.220% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1641.636% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 7 days−0.196%−$20 · spread now −0.141%, 7d avg −0.220%
=Together, before fees−0.074%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.080% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.220%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% 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 | Bybit MINAUSDT | 0.1280 | −0.0286 | get 0.0143% / 4h | 55m 55s | $4.4M | $5.9M | 25x |
| Short | Hyperliquid MINA | 0.1279 | 0.0100 | get 0.0013% / 1h | 55m 55s | $3.3M | $2.5M | 3x |
Bybit MINAUSDT
Hyperliquid MINAFunding 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
- $80.96
- Price spread: −0.141% → −0.220%
- $7.97
- Slippage, 4 orders
- −$143.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$74.67
- Costs to cover
- 1.636%
- Break-even
- 13.5 days
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 5 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, 2 min ago | 3.91 bp | 42.7 bp −$43 | 213.9 bp −$2,139 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.96 bp | 26.3 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
MINA 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.2577% | 1h | 0.1280 | −0.028% | $20K | $82K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0386% | 4h | 0.1278 | −0.172% | $1.8M | $16.0M | 20x | as long as short |
| Bybit MINAUSDTlong | −0.0286% | 4h | 0.1280 | long leg | $4.4M | $5.9M | 25x | |
| Gate MINA_USDT | −0.0148% | 8h | 0.1279 | −0.102% | $406K | $817K | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0134% | 8h | 0.1277 | −0.250% | $746K | $511K | 30x | as long as short |
| MEXC MINA_USDT | −0.0100% | 8h | 0.1278 | −0.195% | $1.1M | $1.3M | 50x | as long as short |
| Binance MINAUSDT | −0.0097% | 8h | 0.1277 | −0.242% | $4.3M | $31.6M | 50x | as long as short |
| BloFin MINA-USDT | −0.0094% | 8h | 0.1278 | −0.187% | $247K | $261K | 50x | as long as short |
| Bitget MINAUSDT | −0.0089% | 8h | 0.1280 | −0.078% | $1.8M | $3.6M | 50x | as long as short |
| BingX MINA-USDT | −0.0077% | 8h | 0.1280 | −0.008% | — | $2.7M | — | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
Gate MINA_USDT
KuCoin MINAUSDTM
MEXC MINA_USDT
Binance MINAUSDT
BloFin MINA-USDT
Bitget MINAUSDT
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINAshort | +0.0100% | 1h | 0.1279 | −0.141% | $3.3M | $2.5M | 3x | |
| Variational Omni MINA | +0.0100% | 4h | 0.1281 | +0.030% | $413K | $86K | — | as long as short |
Variational Omni MINA