Funding you earn now, next payment 22:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h −0.027%
Price spread now: Bybit against Hyperliquid−0.240%7-day average −0.160% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$740.744% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.240%, 7d avg −0.160%
=Together, before fees+0.115%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.080% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.160%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid STX | 0.3416 | 0.0286 | pay 0.0036% / 1h | 18m 19s | $1.5M | $1.0M | 5x |
| Short | Bybit STXUSDT | 0.3408 | 0.0100 | get 0.0100% / 8h | 2h 18m | $8.7M | $7.5M | 75x |
Hyperliquid STX
Bybit STXUSDTFunding 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
- −$39.12
- Price spread: −0.240% → −0.160%
- −$8.03
- Slippage, 4 orders
- −$54.36
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$121.51
- Costs to cover
- 0.744%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; Bybit: live order book, 5 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, 2 min ago | 1.17 bp | 14.8 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.46 bp | 16.4 bp −$16 | 43.5 bp −$435 | 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 | −0.1366% | 1h | 0.3415 | −0.043% | $76K | $159K | 20x | as long as short |
| Variational Omni STX | −0.0556% | 8h | 0.3415 | −0.020% | $811K | $307K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3413 | −0.098% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3441 | +0.732% | $4K | $148K | 12x | as long as short |
| BloFin STX-USDT | +0.0078% | 8h | 0.3415 | −0.029% | $432K | $242K | 20x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3417 | +0.025% | $128K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3412 | −0.126% | $8.0M | $20.2M | 75x | as long as short |
| Bybit STXUSDTshort | +0.0100% | 8h | 0.3408 | −0.240% | $8.7M | $7.5M | 75x | |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3410 | −0.176% | $2.4M | $6.6M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3412 | −0.117% | $598K | $442K | 50x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
BloFin STX-USDT
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 | 0.3412 | −0.117% | $6.3M | $1.5M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3418 | +0.059% | $2.4M | $1.8M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3407 | −0.263% | $4.9M | $2.0M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3412 | −0.117% | — | $15.7M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3419 | +0.088% | $57K | $681K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3410 | −0.164% | $180K | $585K | 10x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3413 | −0.078% | $5K | — | 100x | as long as short |
| Hyperliquid STXlong | +0.0286% | 1h | 0.3416 | long leg | $1.5M | $1.0M | 5x |
MEXC STX_USDT
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
GMX STX/USD [WBTC.b-USDC]