Funding you earn now, next payment 02:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h −0.027%
Price spread now: Bybit against Hyperliquid−0.122%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 7 days+0.071%+$7 · spread now −0.122%, 7d avg −0.054%
=Together, before fees−0.034%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 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 0.068% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SEI | 0.05983 | 0.0100 | pay 0.0013% / 1h | 51m 43s | $3.5M | $6.4M | 5x |
| Short | Bybit SEIUSDT | 0.05976 | 0.0095 | get 0.0095% / 8h | 6h 51m | $14.1M | $36.2M | 50x |
Hyperliquid SEI
Bybit SEIUSDTFunding 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
- −$1.12
- Price spread: −0.122% → −0.054%
- −$6.83
- Slippage, 4 orders
- −$27.91
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$55.86
- Costs to cover
- 0.479%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Bybit: live order book, 2 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, 10 min ago | 1.34 bp | 8.8 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.84 bp | 14.1 bp −$14 | 40.4 bp −$404 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX SEI/USD [ETH-USDC] | L −0.0815% / S +0.0444% | 1h | 0.05979 | −0.072% | $23K | — | 100x | as long as short |
| Variational Omni SEI | −0.0127% | 8h | 0.05902 | −1.366% | $316K | $210K | — | as long as short |
| gTrade (Gains Network) SEI/USD | L −0.0005% / S +0.0006% | 1h | 0.05982 | −0.022% | $11K | — | 150x | as long as short |
| Deribit SEI_USDC-PERPETUAL | 0.0000% | 1h | 0.05980 | −0.055% | $10K | $72K | 25x | as long as short |
| Coinbase International SEI-PERP-INTX | +0.0048% | 1h | 0.05949 | −0.573% | $34K | $207K | 50x | as long as short |
| Bybit SEIUSDTshort | +0.0095% | 8h | 0.05976 | −0.122% | $14.1M | $36.2M | 50x | |
| Lighter SEI | +0.0096% | 1h | 0.05978 | −0.089% | $272K | $1.2M | 10x | as long as short |
| Orderly PERP_SEI_USDC | +0.0100% | 8h | 0.05981 | −0.038% | $2K | $110K | 20x | as long as short |
| Hyperliquid SEIlong | +0.0100% | 1h | 0.05983 | long leg | $3.5M | $6.4M | 5x | |
| Aster SEIUSDT | +0.0100% | 8h | 0.05984 | +0.004% | $313K | $354K | 20x | as long as short |
GMX SEI/USD [ETH-USDC]
Variational Omni SEI
gTrade (Gains Network) SEI/USD
Deribit SEI_USDC-PERPETUAL
Coinbase International SEI-PERP-INTX
Lighter SEI
Orderly PERP_SEI_USDC
Aster SEIUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SEIUSDT | +0.0100% | 8h | 0.05985 | +0.035% | $14.3M | $129.3M | 75x | as long as short |
| OKX SEI-USDT-SWAP | +0.0100% | 4h | 0.05977 | −0.105% | $3.2M | $40.3M | 50x | as long as short |
| Gate SEI_USDT | +0.0100% | 8h | 0.05982 | −0.022% | $1.1M | $3.4M | 75x | as long as short |
| MEXC SEI_USDT | +0.0100% | 8h | 0.05985 | +0.028% | $35.4M | $28.3M | 300x | as long as short |
| KuCoin SEIUSDTM | +0.0100% | 8h | 0.05984 | +0.012% | $6.4M | $14.5M | 75x | as long as short |
| Bitget SEIUSDT | +0.0100% | 8h | 0.05979 | −0.072% | $9.5M | $17.0M | 75x | as long as short |
| BingX SEI-USDT | +0.0100% | 8h | 0.05982 | −0.022% | — | $31.6M | — | as long as short |
| Backpack SEI_USDC_PERP | +0.0100% | 1h | 0.05982 | −0.022% | $118K | $567K | 10x | as long as short |
| GRVT SEI_USDT_Perp | +0.0100% | 8h | 0.05914 | −1.164% | $202K | $1.6M | 10x | as long as short |
| ApeX Omni SEIUSDT | +0.0100% | 1h | 0.05940 | −0.724% | $108K | $677K | 50x | as long as short |
| SunX SEI-USDT | +0.0100% | 8h | 0.05986 | +0.045% | $22K | $4.5M | 30x | as long as short |
| Extended SEI-USD | +0.0104% | 1h | 0.05982 | −0.018% | $76K | $540K | 25x | as long as short |
| BloFin SEI-USDT | +0.0220% | 8h | 0.05969 | −0.239% | $733K | $1.1M | 75x | as long as short |
| Reya SEIRUSDPERP | +0.0346% | 1h | 0.05978 | −0.091% | $114 | — | 20x | as long as short |
| Kraken Futures PF_SEIUSD | +0.0375% | 1h | 0.05980 | −0.051% | $380K | $1.6M | 50x | as long as short |
| dYdX SEI-USD | +0.0769% | 1h | 0.05978 | −0.096% | $102K | $2K | 5x | as long as short |
| Injective SEI/USDC PERP | +0.0844% | 1h | 0.05956 | −0.456% | $9K | $43K | 12x | as long as short |
Binance SEIUSDT
OKX SEI-USDT-SWAP
Gate SEI_USDT
MEXC SEI_USDT
KuCoin SEIUSDTM
Bitget SEIUSDT
BingX SEI-USDT
Backpack SEI_USDC_PERP
GRVT SEI_USDT_Perp
ApeX Omni SEIUSDT
SunX SEI-USDT
Extended SEI-USD
BloFin SEI-USDT
Reya SEIRUSDPERP
Kraken Futures PF_SEIUSD
dYdX SEI-USD
Injective SEI/USDC PERP