Funding you earn now, next payment 05:00 UTC+0.0384%/8h= +42.0% APRpaid last 24h +0.086%
Price spread now: Hyperliquid against Bybit−0.077%7-day average +0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1411.411% of the position
Funding, last 7 days+0.324%+$32 on $10k
+Price spread, last 7 days+0.041%+$4 · spread now −0.077%, 7d avg +0.044%
=Together, before fees+0.365%+ Points / potential airdropHyperliquid: Season 2 · farm board+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.122% cheaper against Bybit than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of +0.044%). If the spread goes back, that is −$12 on $10k: about 25 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.324% in total) that is about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit REZUSDT | 0.003877 | 0.0100 | pay 0.0050% / 4h | 3h 34m | $1.5M | $985K | 25x |
| Short | Hyperliquid REZ | 0.003874 | 0.0484 | get 0.0060% / 1h | 34m 42s | $1.6M | $492K | 3x |
Bybit REZUSDT
Hyperliquid REZFunding 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
- $80.59
- Price spread: −0.077% → +0.044%
- −$12.17
- Slippage, 4 orders
- −$121.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$72.68
- Costs to cover
- 1.411%
- Break-even
- 13.3 days
Slippage from Bybit: live order book, 1 min ago; Hyperliquid: live order book, 6 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, 1 min ago | 3.87 bp | 50.7 bp −$51 | 303.2 bp −$3,032 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 2.58 bp | 17.2 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
REZ on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_REZUSD | +0.0050% | 1h | 0.003870 | −0.169% | $44K | $10K | 10x | as long as short |
| BloFin REZ-USDT | +0.0089% | 4h | 0.003865 | −0.310% | $321K | $43K | 50x | as long as short |
| Aster REZUSDT | +0.0100% | 4h | 0.003868 | −0.230% | $18K | $37K | 5x | as long as short |
| Binance REZUSDT | +0.0100% | 4h | 0.003868 | −0.235% | $4.9M | $8.5M | 50x | as long as short |
| Bybit REZUSDTlong | +0.0100% | 4h | 0.003877 | long leg | $1.5M | $985K | 25x | |
| Gate REZ_USDT | +0.0100% | 4h | 0.003872 | −0.129% | $389K | $115K | 10x | as long as short |
| MEXC REZ_USDT | +0.0100% | 4h | 0.003866 | −0.284% | $1.4M | $412K | 50x | as long as short |
| KuCoin REZUSDTM | +0.0100% | 4h | 0.003866 | −0.284% | $452K | $78K | 30x | as long as short |
| Bitget REZUSDT | +0.0100% | 4h | 0.003865 | −0.310% | $596K | $1.2M | 50x | as long as short |
| BingX REZ-USDT | +0.0100% | 4h | 0.003869 | −0.206% | — | $6.6M | — | as long as short |
Kraken Futures PF_REZUSD
BloFin REZ-USDT
Aster REZUSDT
Binance REZUSDT
Gate REZ_USDT
MEXC REZ_USDT
KuCoin REZUSDTM
Bitget REZUSDT
BingX REZ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni REZ | +0.0100% | 4h | 0.003874 | −0.082% | $78K | $38K | — | as long as short |
| Hyperliquid REZshort | +0.0484% | 1h | 0.003874 | −0.077% | $1.6M | $492K | 3x |
Variational Omni REZ