Funding you earn now, next payment 05:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.020%
Price spread now: Hyperliquid against Bybit+0.237%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$560.564% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 7 days−0.177%−$18 · spread now +0.237%, 7d avg +0.056%
=Together, before fees−0.072%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.181% dearer against Bybit than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.056%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SEIUSDT | 0.05996 | 0.0055 | pay 0.0055% / 8h | 3h 09m | $14.4M | $34.6M | 50x |
| Short | Hyperliquid SEI | 0.06010 | 0.0100 | get 0.0013% / 1h | 9m 08s | $3.5M | $5.1M | 5x |
Bybit SEIUSDT
Hyperliquid SEIFunding 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
- $9.44
- Price spread: +0.237% → +0.056%
- $18.08
- Slippage, 4 orders
- −$36.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$28.9
- Costs to cover
- 0.564%
- Break-even
- 28.4 days
Slippage from Bybit: live order book, 5 min ago; Hyperliquid: live order book, 3 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, 5 min ago | 0.82 bp | 18.9 bp −$19 | 44.6 bp −$446 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.74 bp | 10.7 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
SEI on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit SEI_USDC-PERPETUAL | −0.0250% | 1h | 0.06001 | +0.083% | $379 | $72K | 25x | as long as short |
| Variational Omni SEI | −0.0198% | 8h | 0.06022 | +0.440% | $325K | $186K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0006% / S +0.0006% | 1h | 0.06000 | +0.062% | — | — | 150x | as long as short |
| GMX SEI/USD [ETH-USDC] | L +0.0047% / S +0.0056% | 1h | 0.05998 | +0.038% | $6K | — | 100x | as long as short |
| Bybit SEIUSDTlong | +0.0055% | 8h | 0.05996 | long leg | $14.4M | $34.6M | 50x | |
| Lighter SEI | +0.0096% | 1h | 0.06005 | +0.150% | $273K | $1.2M | 10x | as long as short |
| Hyperliquid SEIshort | +0.0100% | 1h | 0.06010 | +0.237% | $3.5M | $5.1M | 5x | |
| Aster SEIUSDT | +0.0100% | 8h | 0.06006 | +0.167% | $314K | $333K | 20x | as long as short |
| Binance SEIUSDT | +0.0100% | 8h | 0.06002 | +0.100% | $14.8M | $128.3M | 75x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.06002 | +0.100% | $3.4M | $38.5M | 50x | as long as short |
Deribit SEI_USDC-PERPETUAL
Variational Omni SEI
gTrade (Gains Network) SEI/USD
GMX SEI/USD [ETH-USDC]
Lighter SEI
Aster SEIUSDT
Binance SEIUSDT
OKX SEI-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SEI_USDT | +0.0100% | 8h | 0.06003 | +0.117% | $1.1M | $3.2M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.06003 | +0.117% | $34.8M | $28.9M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.06005 | +0.150% | $6.5M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.06006 | +0.167% | $9.9M | $16.5M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05999 | +0.050% | — | $31.3M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.06022 | +0.434% | $106K | $630K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.06074 | +1.301% | $207K | $2.2M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.06080 | +1.401% | $104K | $668K | 50x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.06000 | +0.067% | $2K | $67K | 20x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.06009 | +0.217% | $23K | $4.1M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.06002 | +0.107% | $77K | $560K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0200% | 1h | 0.06108 | +1.868% | $43K | $228K | 50x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.06003 | +0.117% | $738K | $1.3M | 75x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0258% | 1h | 0.06004 | +0.131% | $374K | $1.5M | 50x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.06002 | +0.099% | $115 | — | 20x | as long as short |
| Injective SEI/USDC PERP | +0.0510% | 1h | 0.06024 | +0.467% | $9K | $43K | 12x | as long as short |
| dYdX SEI-USD | +0.1349% | 1h | 0.06021 | +0.424% | $103K | $2K | 5x | as long as short |
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
Orderly PERP_SEI_USDC
SunX SEI-USDT
Extended SEI-USD
Coinbase International SEI-PERP-INTX
BloFin SEI-USDT
Kraken Futures PF_SEIUSD
Reya SEIRUSDPERP
Injective SEI/USDC PERP
dYdX SEI-USD