Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%
Price spread now: Hyperliquid against Bybit+0.259%7-day average +0.161% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$640.637% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.259%, 7d avg +0.161%
=Together, before fees−0.133%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 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: Hyperliquid is 0.098% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.161%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STXUSDT | 0.3438 | 0.0100 | pay 0.0100% / 8h | 1h 01m | $8.8M | $7.4M | 75x |
| Short | Hyperliquid STX | 0.3447 | 0.0100 | get 0.0013% / 1h | 1m 51s | $1.5M | $1.0M | 5x |
Bybit STXUSDT
Hyperliquid STXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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: +0.259% → +0.161%
- $9.82
- Slippage, 4 orders
- −$43.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$53.9
- Costs to cover
- 0.637%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Hyperliquid: live order book, 9 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 Bybit live order book, 1 min ago | 1.45 bp | 18.9 bp −$19 | 51.6 bp −$516 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.30 bp | 16.8 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
STX 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSD | −0.0728% | 1h | 0.3445 | +0.204% | $75K | $147K | 20x | as long as short |
| Variational Omni STX | −0.0442% | 8h | 0.3453 | +0.437% | $818K | $308K | — | as long as short |
| Injective STX/USDC PERP | −0.0090% | 1h | 0.3463 | +0.727% | $4K | $264K | 12x | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3442 | +0.116% | — | — | 150x | as long as short |
| Hyperliquid STXshort | +0.0100% | 1h | 0.3447 | +0.259% | $1.5M | $1.0M | 5x | |
| Aster STXUSDT | +0.0100% | 8h | 0.3444 | +0.179% | $129K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3442 | +0.116% | $8.1M | $19.8M | 75x | as long as short |
| Bybit STXUSDTlong | +0.0100% | 8h | 0.3438 | long leg | $8.8M | $7.4M | 75x | |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3440 | +0.058% | $2.4M | $6.5M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3445 | +0.204% | $604K | $449K | 50x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
Injective STX/USDC PERP
gTrade (Gains Network) STX/USD
Aster STXUSDT
Binance STXUSDT
OKX STX-USDT-SWAP
Gate STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC STX_USDT | +0.0100% | 8h | 0.3441 | +0.087% | $6.3M | $1.4M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3442 | +0.116% | $2.5M | $1.7M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3438 | 0.000% | $4.9M | $1.9M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3441 | +0.087% | — | $16.1M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3444 | +0.175% | $58K | $678K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3441 | +0.096% | $186K | $590K | 10x | as long as short |
| BloFin STX-USDT | +0.0119% | 8h | 0.3445 | +0.204% | $431K | $234K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3446 | +0.229% | $5K | — | 100x | as long as short |
MEXC STX_USDT
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
BloFin STX-USDT
GMX STX/USD [WBTC.b-USDC]