Funding you earn now, next payment 23:00 UTC−0.0566%/8h= −61.9% APRpaid last 24h −0.242%
Price spread now: Bybit against Hyperliquid−0.220%7-day average −0.203% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$810.814% of the position
Funding, last 7 days−0.479%−$48 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.220%, 7d avg −0.203%
=Together, before fees−0.419%+ Points / potential airdropHyperliquid: Season 2 · farm board−$42 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.203%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SKY | 0.07107 | 0.0315 | pay 0.0039% / 1h | 2m 22s | $3.0M | $928K | 3x |
| Short | Bybit SKYUSDT | 0.07091 | −0.0250 | pay 0.0125% / 4h | 1h 02m | $7.7M | $3.4M | 25x |
Hyperliquid SKY
Bybit SKYUSDTFunding 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
- −$118.8
- Price spread: −0.220% → −0.203%
- −$1.63
- Slippage, 4 orders
- −$61.43
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$201.86
- Costs to cover
- 0.814%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Bybit: 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 | 3.66 bp | 15.2 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.82 bp | 19.1 bp −$19 | 164.9 bp −$1,649 | 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 | −0.0652% | 4h | 0.07080 | −0.381% | $194K | $104K | — | as long as short |
| Bybit SKYUSDTshort | −0.0250% | 4h | 0.07091 | −0.220% | $7.7M | $3.4M | 25x | |
| Injective SKY/USDC PERP | +0.0014% | 1h | 0.07172 | +0.920% | $392 | $303K | 12x | as long as short |
| Nado SKY-PERP | +0.0088% | 1h | 0.07093 | −0.191% | $70K | $26K | 5x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.07096 | −0.152% | $186K | $163K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.07099 | −0.111% | $43K | $36K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.07095 | −0.163% | $16.1M | $10.3M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.07088 | −0.262% | $853K | $1.3M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.07100 | −0.093% | $606K | $261K | 50x | as long as short |
| MEXC SKY_USDT | +0.0100% | 4h | 0.07092 | −0.205% | $1.1M | $290K | 100x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Nado SKY-PERP
Lighter SKY
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 | 0.07104 | −0.037% | $430K | $289K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.07099 | −0.107% | $2.9M | $2.1M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.07093 | −0.191% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.07083 | −0.332% | $20K | $684K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.07101 | −0.072% | $1K | $2K | 10x | as long as short |
| BloFin SKY-USDT | +0.0131% | 4h | 0.07111 | +0.062% | $592K | $29K | 75x | as long as short |
| Hyperliquid SKYlong | +0.0315% | 1h | 0.07107 | long leg | $3.0M | $928K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0528% / S −0.0248% | 1h | 0.07095 | −0.167% | $84K | — | 50x | as long as short |
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
BloFin SKY-USDT
GMX SKY/USD [ETH-USDC]