Funding you earn now, next payment 04:00 UTC−0.3128%/8h= −342.5% APRpaid last 24h −0.418%
Price spread now: Bybit against Hyperliquid+0.261%7-day average +0.133% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.662%−$66 on $10k
+Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.261%, 7d avg +0.133%
=Together, before fees−0.825%+ Points / potential airdropHyperliquid: Season 2 · farm board−$83 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.128% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.261% now, against its 7-day average of +0.133%): +$13 on $10k if it goes back. Holding the pair costs −$94 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.662% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.662% in total (about -34.5% 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 | Hyperliquid PROVE | 0.2335 | −0.1187 | get 0.0148% / 1h | 57m 12s | $338K | $951K | 3x |
| Short | Bybit PROVEUSDT | 0.2341 | −0.4315 | pay 0.2157% / 4h | 57m 12s | $2.2M | $11.5M | 25x |
Hyperliquid PROVE
Bybit PROVEUSDTFunding 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
- −$656.85
- Price spread: +0.261% → +0.133%
- $12.78
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$664.08
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 43 min ago; Bybit: live order book, 1 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 Hyperliquid live order book, 43 min ago | 4.54 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.27 bp | 35.8 bp −$36 | 123.1 bp −$1,231 | doesn't fit | doesn't fit |
PROVE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PROVEUSDTshort | −0.4315% | 4h | 0.2341 | +0.261% | $2.2M | $11.5M | 25x | |
| OKX PROVE-USDT-SWAP | −0.4187% | 4h | 0.2335 | +0.004% | $614K | $8.5M | 20x | as long as short |
| ApeX Omni PROVEUSDT | −0.4106% | 1h | 0.2341 | +0.261% | $49K | $334K | 50x | as long as short |
| Aster PROVEUSDT | −0.4102% | 4h | 0.2340 | +0.218% | $46K | $275K | 5x | as long as short |
| Bitget PROVEUSDT | −0.3916% | 4h | 0.2337 | +0.090% | $714K | $5.1M | 50x | as long as short |
| Binance PROVEUSDT | −0.3894% | 4h | 0.2334 | −0.039% | $3.4M | $37.9M | 75x | as long as short |
| MEXC PROVE_USDT | −0.3892% | 4h | 0.2335 | +0.004% | $279K | $415K | 20x | as long as short |
| KuCoin PROVEUSDTM | −0.3676% | 4h | 0.2336 | +0.060% | $2.8M | $1.2M | 50x | as long as short |
| Variational Omni PROVE | −0.3436% | 4h | 0.2346 | +0.455% | $28K | $47K | — | as long as short |
| Gate PROVE_USDT | −0.3304% | 4h | 0.2339 | +0.176% | $202K | $1.1M | 75x | as long as short |
OKX PROVE-USDT-SWAP
ApeX Omni PROVEUSDT
Aster PROVEUSDT
Bitget PROVEUSDT
Binance PROVEUSDT
MEXC PROVE_USDT
KuCoin PROVEUSDTM
Variational Omni PROVE
Gate PROVE_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT PROVE_USDT_Perp | −0.3210% | 4h | 0.2338 | +0.122% | $228K | $2.7M | 10x | as long as short |
| BingX PROVE-USDT | −0.2750% | 4h | 0.2334 | −0.039% | — | $2.5M | — | as long as short |
| Hyperliquid PROVElong | −0.1187% | 1h | 0.2335 | long leg | $338K | $951K | 3x | |
| Lighter PROVE | +0.0096% | 1h | 0.2342 | +0.313% | $82K | $140K | 3x | as long as short |
GRVT PROVE_USDT_Perp
BingX PROVE-USDT
Lighter PROVE