Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: Bybit against Hyperliquid−0.081%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1131.134% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now −0.081%, 7d avg −0.047%
=Together, before fees−0.064%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.033% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.047%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PYTH | 0.06334 | 0.0100 | pay 0.0013% / 1h | 58m 30s | $2.0M | $1.6M | 5x |
| Short | Bybit PYTHUSDT | 0.06329 | 0.0100 | get 0.0050% / 4h | 58m 30s | $7.5M | $4.7M | 50x |
Hyperliquid PYTH
Bybit PYTHUSDTFunding 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
- $0
- Price spread: −0.081% → −0.047%
- −$3.32
- Slippage, 4 orders
- −$93.42
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$116.73
- Costs to cover
- 1.134%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; Bybit: live order book, 5 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 Hyperliquid live order book, 2 min ago | 2.68 bp | 21.8 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.16 bp | 38.4 bp −$38 | 88.5 bp −$885 | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PYTH_USDC_PERP | −0.0256% | 1h | 0.06339 | +0.084% | $38K | $50K | 10x | as long as short |
| Gate PYTH_USDT | −0.0170% | 4h | 0.06325 | −0.144% | $1.0M | $503K | 75x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06333 | −0.022% | $188K | $19 | 5x | as long as short |
| BloFin PYTH-USDT | +0.0002% | 4h | 0.06331 | −0.049% | $428K | $86K | 75x | as long as short |
| MEXC PYTH_USDT | +0.0014% | 4h | 0.06326 | −0.128% | $10.0M | $2.5M | 125x | as long as short |
| Binance PYTHUSDT | +0.0015% | 4h | 0.06327 | −0.118% | $9.1M | $17.9M | 75x | as long as short |
| Aster PYTHUSDT | +0.0017% | 4h | 0.06328 | −0.096% | $20K | $43K | 10x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.170% | $553 | $220K | 5.5x | as long as short |
| Aevo PYTH-PERP | +0.0080% | 1h | 0.06335 | +0.014% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06340 | +0.093% | $191K | $206K | 5x | as long as short |
Backpack PYTH_USDC_PERP
Gate PYTH_USDT
dYdX PYTH-USD
BloFin PYTH-USDT
MEXC PYTH_USDT
Binance PYTHUSDT
Aster PYTHUSDT
Injective PYTH/USDC PERP
Aevo PYTH-PERP
Lighter PYTHShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06327 | −0.115% | $3K | — | 10x | as long as short |
| Hyperliquid PYTHlong | +0.0100% | 1h | 0.06334 | long leg | $2.0M | $1.6M | 5x | |
| Bybit PYTHUSDTshort | +0.0100% | 4h | 0.06329 | −0.081% | $7.5M | $4.7M | 50x | |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06328 | −0.096% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06334 | −0.002% | $1.5M | $343K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06329 | −0.081% | $2.7M | $2.2M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06325 | −0.144% | — | $2.7M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06326 | −0.125% | $38K | $25K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06330 | −0.065% | $3K | $2K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0104% | 1h | 0.06385 | +0.804% | $40K | $18K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06325 | −0.151% | — | — | 20x | as long as short |
| Kraken Futures PF_PYTHUSD | +0.0413% | 1h | 0.06338 | +0.057% | $386K | $294K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | +0.0539% | 1h | 0.06346 | +0.188% | $10K | $10K | 10x | as long as short |
Paradex PYTH-USD-PERP
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL