Funding you earn now, next payment 04:00 UTC−0.0181%/8h= −19.8% APRpaid last 24h −0.240%
Price spread now: Bybit against Hyperliquid+0.197%7-day average +0.220% · you sell dearer than you buy
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1791.791% of the position
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 7 days+0.086%+$9 · spread now +0.197%, 7d avg +0.220%
=Together, before fees−0.048%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.023% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.220%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MINA | 0.1269 | 0.0100 | pay 0.0013% / 1h | 32m 24s | $3.2M | $2.3M | 3x |
| Short | Bybit MINAUSDT | 0.1271 | −0.0081 | pay 0.0040% / 4h | 32m 24s | $4.4M | $5.8M | 25x |
Hyperliquid MINA
Bybit MINAUSDTFunding 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
- −$37.96
- Price spread: +0.197% → +0.220%
- −$2.25
- Slippage, 4 orders
- −$159.14
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$219.35
- Costs to cover
- 1.791%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Bybit: live order book, just now.
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, 9 min ago | 1.97 bp | 36.6 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 2.76 bp | 52.7 bp −$53 | 196.0 bp −$1,960 | 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 | −0.2590% | 1h | 0.1274 | +0.390% | $20K | $82K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0376% | 4h | 0.1269 | +0.016% | $1.8M | $15.5M | 20x | as long as short |
| Gate MINA_USDT | −0.0146% | 8h | 0.1269 | +0.039% | $404K | $821K | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0092% | 8h | 0.1269 | +0.039% | $741K | $505K | 30x | as long as short |
| Bybit MINAUSDTshort | −0.0081% | 4h | 0.1271 | +0.197% | $4.4M | $5.8M | 25x | |
| MEXC MINA_USDT | −0.0039% | 8h | 0.1270 | +0.087% | $1.1M | $1.3M | 50x | as long as short |
| BingX MINA-USDT | −0.0039% | 8h | 0.1270 | +0.095% | — | $2.7M | — | as long as short |
| BloFin MINA-USDT | −0.0036% | 8h | 0.1269 | +0.063% | $242K | $258K | 50x | as long as short |
| Binance MINAUSDT | −0.0035% | 8h | 0.1270 | +0.089% | $4.3M | $30.9M | 50x | as long as short |
| Bitget MINAUSDT | −0.0034% | 8h | 0.1268 | −0.071% | $1.8M | $3.6M | 50x | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
Gate MINA_USDT
KuCoin MINAUSDTM
MEXC MINA_USDT
BingX MINA-USDT
BloFin MINA-USDT
Binance MINAUSDT
Bitget MINAUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINAlong | +0.0100% | 1h | 0.1269 | long leg | $3.2M | $2.3M | 3x | |
| Variational Omni MINA | +0.0100% | 4h | 0.1271 | +0.219% | $409K | $86K | — | as long as short |
Variational Omni MINA