Funding you earn now, next payment 23:00 UTC+0.1144%/8h= +125.2% APRpaid last 24h +0.234%
Price spread now: Hyperliquid against Bybit+0.410%7-day average +0.259% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.314%+$31 on $10k
+Price spread, last 7 days−0.158%−$16 · spread now +0.410%, 7d avg +0.259%
=Together, before fees+0.156%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Hyperliquid is 0.151% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.259%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.314% in total (about 16.4% 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 POPCATUSDT | 0.05487 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $8.8M | $5.8M | 50x |
| Short | Hyperliquid POPCAT | 0.05509 | 0.1244 | get 0.0155% / 1h | 55m 09s | $2.5M | $1.1M | 3x |
Bybit POPCATUSDT
Hyperliquid POPCATFunding 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
- $240.18
- Price spread: +0.410% → +0.259%
- $15.14
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $235.32
- Costs to cover
- 0.200%
- Break-even
- 0.1 days
Slippage unknown: Bybit: live order book, 3 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.
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 | 2.75 bp | 26.2 bp −$26 | 94.1 bp −$941 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 2.19 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.3374% | 1h | 0.05417 | −1.276% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0933% | 1h | 0.05475 | −0.217% | $140K | $114K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05494 | +0.134% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05495 | +0.146% | $100K | $45K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05504 | +0.310% | $2.3M | $6.3M | 50x | as long as short |
| Bybit POPCATUSDTlong | +0.0100% | 4h | 0.05487 | long leg | $8.8M | $5.8M | 50x | |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05496 | +0.164% | $676K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05490 | +0.055% | $416K | $649K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05501 | +0.255% | $1.9M | $918K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05494 | +0.128% | $1.1M | $996K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05499 | +0.219% | $1.2M | $885K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05492 | +0.091% | — | $6.8M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05475 | −0.227% | $500K | $173K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05479 | −0.142% | $243K | $489K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05470 | −0.310% | $22K | $645K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05494 | +0.134% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05487 | 0.000% | $123K | $284K | 50x | as long as short |
| Hyperliquid POPCATshort | +0.1244% | 1h | 0.05509 | +0.410% | $2.5M | $1.1M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDT
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT