Funding you earn now, next payment 23:00 UTC−0.0455%/8h= −49.8% APRpaid last 24h −0.041%
Price spread now: Bybit against Hyperliquid−0.052%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1221.217% of the position
Funding, last 7 days−0.279%−$28 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now −0.052%, 7d avg −0.040%
=Together, before fees−0.243%+ Points / potential airdropHyperliquid: Season 2 · farm board−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.279% in total (about -14.5% 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 REZ | 0.003823 | 0.0561 | pay 0.0070% / 1h | 3m 15s | $1.6M | $500K | 3x |
| Short | Bybit REZUSDT | 0.003821 | 0.0106 | get 0.0053% / 4h | 1h 03m | $1.4M | $1.1M | 25x |
Hyperliquid REZ
Bybit REZUSDTFunding 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
- −$95.53
- Price spread: −0.052% → −0.040%
- −$1.19
- Slippage, 4 orders
- −$101.72
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$218.44
- Costs to cover
- 1.217%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Bybit: live order book, 8 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, 7 min ago | 3.93 bp | 22.0 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 5.25 bp | 31.3 bp −$31 | 127.9 bp −$1,279 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin REZ-USDT | +0.0066% | 4h | 0.003811 | −0.314% | $323K | $50K | 50x | as long as short |
| Aster REZUSDT | +0.0100% | 4h | 0.003817 | −0.157% | $18K | $36K | 5x | as long as short |
| Binance REZUSDT | +0.0100% | 4h | 0.003815 | −0.209% | $4.9M | $9.0M | 50x | as long as short |
| Gate REZ_USDT | +0.0100% | 4h | 0.003820 | −0.078% | $396K | $127K | 10x | as long as short |
| MEXC REZ_USDT | +0.0100% | 4h | 0.003815 | −0.209% | $1.3M | $425K | 50x | as long as short |
| KuCoin REZUSDTM | +0.0100% | 4h | 0.003817 | −0.157% | $450K | $95K | 30x | as long as short |
| Bitget REZUSDT | +0.0100% | 4h | 0.003815 | −0.209% | $599K | $1.3M | 50x | as long as short |
| BingX REZ-USDT | +0.0100% | 4h | 0.003819 | −0.105% | — | $6.6M | — | as long as short |
| Variational Omni REZ | +0.0100% | 4h | 0.003811 | −0.314% | $77K | $40K | — | as long as short |
| Bybit REZUSDTshort | +0.0106% | 4h | 0.003821 | −0.052% | $1.4M | $1.1M | 25x |
BloFin REZ-USDT
Aster REZUSDT
Binance REZUSDT
Gate REZ_USDT
MEXC REZ_USDT
KuCoin REZUSDTM
Bitget REZUSDT
BingX REZ-USDT
Variational Omni REZShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_REZUSD | +0.0237% | 1h | 0.003815 | −0.200% | $43K | $10K | 10x | as long as short |
| Hyperliquid REZlong | +0.0561% | 1h | 0.003823 | long leg | $1.6M | $500K | 3x |
Kraken Futures PF_REZUSD