Funding you earn now, next payment 23:00 UTC+0.0216%/8h= +23.6% APRpaid last 24h +0.041%
Price spread now: Hyperliquid against Bybit+0.190%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$720.724% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.297%−$30 · spread now +0.190%, 7d avg −0.024%
=Together, before fees−0.278%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.215% dearer against Bybit than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.024%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% 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 MOODENGUSDT | 0.04780 | 0.0100 | pay 0.0050% / 4h | 1h 44m | $1.7M | $4.2M | 50x |
| Short | Hyperliquid MOODENG | 0.04789 | 0.0316 | get 0.0039% / 1h | 44m 10s | $464K | $412K | 3x |
Bybit MOODENGUSDT
Hyperliquid MOODENGFunding 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
- $45.3
- Price spread: +0.190% → −0.024%
- $21.45
- Slippage, 4 orders
- −$52.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$5.62
- Costs to cover
- 0.724%
- Break-even
- 7.9 days
Slippage from Bybit: live order book, 3 min ago; Hyperliquid: live order book, 26 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, 3 min ago | 4.20 bp | 16.3 bp −$16 | 79.2 bp −$792 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 26 min ago | 4.82 bp | 19.6 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
MOODENG on 17 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 MOODENG/USD [WBTC.b-USDC] | L −1.1224% / S +0.0193% | 1h | 0.04777 | −0.052% | $18 | — | 100x | as long as short |
| Aster MOODENGUSDT | +0.0100% | 4h | 0.04773 | −0.153% | $10K | $32K | 5x | as long as short |
| Binance MOODENGUSDT | +0.0100% | 4h | 0.04787 | +0.150% | $2.6M | $11.0M | 50x | as long as short |
| Bybit MOODENGUSDTlong | +0.0100% | 4h | 0.04780 | long leg | $1.7M | $4.2M | 50x | |
| OKX MOODENG-USDT-SWAP | +0.0100% | 4h | 0.04782 | +0.042% | $2.1M | $4.4M | 20x | as long as short |
| Gate MOODENG_USDT | +0.0100% | 4h | 0.04768 | −0.251% | $570K | $768K | 50x | as long as short |
| MEXC MOODENG_USDT | +0.0100% | 4h | 0.04785 | +0.105% | $927K | $304K | 50x | as long as short |
| KuCoin MOODENGUSDTM | +0.0100% | 4h | 0.04779 | −0.021% | $1.7M | $3.0M | 50x | as long as short |
| Variational Omni MOODENG | +0.0100% | 4h | 0.04764 | −0.334% | $8K | $30K | — | as long as short |
| SunX MOODENG-USDT | +0.0100% | 4h | 0.04884 | +2.176% | $2K | $1.8M | 20x | as long as short |
GMX MOODENG/USD [WBTC.b-USDC]
Aster MOODENGUSDT
Binance MOODENGUSDT
OKX MOODENG-USDT-SWAP
Gate MOODENG_USDT
MEXC MOODENG_USDT
KuCoin MOODENGUSDTM
Variational Omni MOODENG
SunX MOODENG-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin MOODENG-USDT | +0.0149% | 4h | 0.04765 | −0.314% | $178K | $137K | 50x | as long as short |
| GRVT MOODENG_USDT_Perp | +0.0150% | 4h | 0.04764 | −0.335% | $415K | $2.2M | 10x | as long as short |
| BingX MOODENG-USDT | +0.0210% | 4h | 0.04781 | +0.021% | — | $6.7M | — | as long as short |
| Bitget MOODENGUSDT | +0.0224% | 4h | 0.04784 | +0.084% | $1.3M | $1.2M | 50x | as long as short |
| Hyperliquid MOODENGshort | +0.0316% | 1h | 0.04789 | +0.190% | $464K | $412K | 3x | |
| ApeX Omni MOODENGUSDT | +0.1669% | 1h | 0.04771 | −0.188% | $22K | $646K | 25x | as long as short |
| Kraken Futures PF_MOODENGUSD | +0.9043% | 1h | 0.04818 | +0.788% | $68K | $101K | 20x | as long as short |
BloFin MOODENG-USDT
GRVT MOODENG_USDT_Perp
BingX MOODENG-USDT
Bitget MOODENGUSDT
ApeX Omni MOODENGUSDT
Kraken Futures PF_MOODENGUSD