Funding you earn now, next payment 02:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h −0.200%
Price spread now: Bitget against Hyperliquid−0.233%7-day average −0.216% · 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−$70as in the Price arb table
costs, in and out, $10k−$680.682% of the position
Funding, last 7 days−0.406%−$41 on $10k
+Price spread, last 7 days+0.003%$0 · spread now −0.233%, 7d avg −0.216%
=Together, before fees−0.403%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SKY | 0.07000 | 0.0105 | pay 0.0013% / 1h | 51m 54s | $2.9M | $908K | 3x |
| Short | Bitget SKYUSDT | 0.06984 | 0.0100 | get 0.0050% / 4h | 2h 51m | $2.9M | $1.6M | 75x |
Hyperliquid SKY
Bitget SKYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$1.03
- Price spread: −0.233% → −0.216%
- −$1.65
- Slippage, 4 orders
- −$47.16
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$70.84
- Costs to cover
- 0.682%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Bitget: live order book, 1 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, 9 min ago | 5.27 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 7.16 bp | 16.6 bp −$17 | 65.2 bp −$652 | doesn't fit | doesn't fit |
SKY on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0556% | 4h | 0.06957 | −0.613% | $200K | $118K | — | as long as short |
| Bybit SKYUSDT | −0.0105% | 4h | 0.06986 | −0.204% | $7.4M | $3.4M | 25x | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +2.453% | $392 | $303K | 12x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06986 | −0.209% | $183K | $181K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06987 | −0.190% | $70K | $28K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06991 | −0.126% | $42K | $44K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06987 | −0.190% | $16.1M | $11.0M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06983 | −0.247% | $838K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06983 | −0.247% | $586K | $263K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.06988 | −0.176% | $1.0M | $266K | 100x | as long as short |
Variational Omni SKY
Bybit SKYUSDT
Injective SKY/USDC PERP
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDT
MEXC SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06990 | −0.147% | $413K | $294K | 50x | as long as short |
| Bitget SKYUSDTshort | +0.0100% | 4h | 0.06984 | −0.233% | $2.9M | $1.6M | 75x | |
| BingX SKY-USDT | +0.0100% | 4h | 0.06984 | −0.233% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06993 | −0.104% | $24K | $679K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06991 | −0.137% | $938 | $3K | 10x | as long as short |
| Hyperliquid SKYlong | +0.0105% | 1h | 0.07000 | long leg | $2.9M | $908K | 3x | |
| BloFin SKY-USDT | +0.0117% | 4h | 0.06982 | −0.261% | $595K | $29K | 75x | as long as short |
| GMX SKY/USD [ETH-USDC] | L +0.0526% / S −0.0248% | 1h | 0.06988 | −0.181% | $83K | — | 50x | as long as short |
KuCoin SKYUSDTM
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]