Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 3.2790 | +0.0100 | pay 0.0013% / 1h | 8m 19s | $329K | $104K | 3x | Long Hyperliquid4% off | |
| SHORT | 3.2800 | +0.0100 | get 0.0050% / 4h | 8m 19s | $1.7M | $1.8M | 50x | Short Bybit |
Price gap+0.030%
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$3 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$270.0000% /8h now · paid −0.270% over the last 7D
Price+$3spread +0.030% now, avg +0.001% → +0.029% if it goes back
Costs−$1011.011% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.030%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hORDI on 17 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- Watch: Thin at this size22.7 / 30.6 bpAt $10k entering Bybit costs 30.6 bp, fee and slippage, 1.3× Hyperliquid’s.
- Note: Margin at max leverage$3,333 + $200Hyperliquid 3x, Bybit 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: $0.00Long Hyperliquid: 24 payments, −$3.00; short Bybit: 6 payments, +$3.00.
- OK: Entry gap works for you+0.030% vs +0.001%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$329K vs $1.7M OIHyperliquid sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- Watch: KYCHyperliquid No · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0129%/8h × 21 periods−$27.03
Price spread+0.030% → +0.001% (7d avg)+$2.91
Slippage, 4 orderslive order books−$81.07
Fee Hyperliquid bp × 2 orders−$9.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$125.19
Costs to cover1.011%Break-evennever at this rate
Slippage: Hyperliquid: live order book, 32 min ago; Bybit: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGHyperliquid2.4722.7 bp−$23doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit1.5230.6 bp−$3180.3 bp−$803doesn’t fitdoesn’t fit
Closing costs about the same again.
MEXC