Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid−0.050%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1221.217% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.050%, 7d avg −0.075%
=Together, before fees−0.054%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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 0.025% dearer against Hyperliquid than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.075%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SNX | 0.2407 | 0.0100 | pay 0.0013% / 1h | 12m 17s | $443K | $153K | 3x |
| Short | Bybit SNXUSDT | 0.2406 | 0.0100 | get 0.0100% / 8h | 6h 12m | $1.7M | $1.3M | 75x |
Hyperliquid SNX
Bybit SNXUSDTFunding 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
- $0
- Price spread: −0.050% → −0.075%
- $2.47
- Slippage, 4 orders
- −$101.71
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$119.24
- Costs to cover
- 1.217%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 28 min ago; Bybit: live order book, 4 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, 28 min ago | 3.35 bp | 19.3 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.15 bp | 39.9 bp −$40 | 234.9 bp −$2,349 | doesn't fit | doesn't fit |
SNX on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective SNX/USDC PERP | −0.5000% | 1h | 0.2264 | −5.949% | $23K | $29K | 12x | as long as short |
| Hyperliquid SNXlong | +0.0100% | 1h | 0.2407 | long leg | $443K | $153K | 3x | |
| Aster SNXUSDT | +0.0100% | 8h | 0.2406 | −0.031% | $4K | $3K | 5x | as long as short |
| Binance SNXUSDT | +0.0100% | 8h | 0.2406 | −0.050% | $2.9M | $4.0M | 75x | as long as short |
| Bybit SNXUSDTshort | +0.0100% | 8h | 0.2406 | −0.050% | $1.7M | $1.3M | 75x | |
| OKX SNX-USDT-SWAP | +0.0100% | 8h | 0.2405 | −0.091% | $785K | $1.1M | 20x | as long as short |
| Gate SNX_USDT | +0.0100% | 8h | 0.2404 | −0.133% | $241K | $95K | 25x | as long as short |
| MEXC SNX_USDT | +0.0100% | 8h | 0.2406 | −0.050% | $1.7M | $699K | 100x | as long as short |
| KuCoin SNXUSDTM | +0.0100% | 8h | 0.2405 | −0.091% | $726K | $2.1M | 30x | as long as short |
| Bitget SNXUSDT | +0.0100% | 8h | 0.2405 | −0.091% | $1.1M | $391K | 50x | as long as short |
Injective SNX/USDC PERP
Aster SNXUSDT
Binance SNXUSDT
OKX SNX-USDT-SWAP
Gate SNX_USDT
MEXC SNX_USDT
KuCoin SNXUSDTM
Bitget SNXUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SNX-USDT | +0.0100% | 8h | 0.2407 | −0.008% | — | $2.3M | — | as long as short |
| Variational Omni SNX | +0.0100% | 8h | 0.2408 | +0.015% | $12K | $4K | — | as long as short |
| SunX SNX-USDT | +0.0100% | 8h | 0.2400 | −0.299% | $2K | $1.4M | 20x | as long as short |
| Kraken Futures PF_SNXUSD | +0.0109% | 1h | 0.2408 | +0.041% | $144K | $58K | 25x | as long as short |
BingX SNX-USDT
Variational Omni SNX
SunX SNX-USDT
Kraken Futures PF_SNXUSD