Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: Bybit against Hyperliquid+0.023%7-day average +0.100% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.659%−$66 on $10k
+Price spread, last 4 days (all we have)+0.158%+$16 · spread now +0.023%, 7d avg +0.100%
=Together, before fees−0.501%+ Points / potential airdropHyperliquid: Season 2 · farm board−$50 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 0.077% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.100%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SOPH | 0.004428 | 0.0100 | pay 0.0013% / 1h | 32m 24s | $513K | $158K | 3x |
| Short | Bybit SOPHUSDT | 0.004429 | 0.0100 | get 0.0050% / 4h | 2h 32m | $1.8M | $1.0M | 25x |
Hyperliquid SOPH
Bybit SOPHUSDTFunding 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: +0.023% → +0.100%
- −$7.72
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$27.72
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 47 min ago; Bybit: live order book, 9 min ago. Net counts fees only.
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, 47 min ago | 3.36 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 2.24 bp | 27.6 bp −$28 | 188.4 bp −$1,884 | doesn't fit | doesn't fit |
SOPH on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SOPHlong | +0.0100% | 1h | 0.004428 | long leg | $513K | $158K | 3x | |
| Binance SOPHUSDT | +0.0100% | 4h | 0.004429 | +0.026% | $5.3M | $5.0M | 25x | as long as short |
| Bybit SOPHUSDTshort | +0.0100% | 4h | 0.004429 | +0.023% | $1.8M | $1.0M | 25x | |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004424 | −0.090% | $966K | $1.4M | 10x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004436 | +0.181% | $719K | $153K | 25x | as long as short |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.004429 | +0.023% | $971K | $175K | 20x | as long as short |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004429 | +0.023% | $941K | $38K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004428 | 0.000% | $632K | $200K | 25x | as long as short |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004428 | 0.000% | — | $6.6M | — | as long as short |
Binance SOPHUSDT
OKX SOPH-USDT-SWAP
Gate SOPH_USDT
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
BingX SOPH-USDT