Settings8H · net · $10k
Funding arb · Price arb /

SUPER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.136%
Price spread now: Hyperliquid against Bybit+0.139%7-day average −0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.136%−$14 on $10k
Price spread, last 4 days (all we have)−0.200%−$20 · spread now +0.139%, 7d avg −0.033%
Together, before fees−0.336%+ Points / potential airdropHyperliquid: Season 2 · farm board−$34 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 0.173% dearer against Bybit than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit SUPERUSDT0.15060.0100pay 0.0050% / 4h57m 21s$1.1M$1.5M25x
ShortHyperliquid SUPER0.15080.0100get 0.0013% / 1h57m 21s$518K$327K3x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.139% → −0.033%
$17.28
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$2.72
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; Hyperliquid: live order book, 33 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago2.32 bp85.3 bp −$85336.3 bp −$3,363doesn't fitdoesn't fit
Sell Hyperliquid live order book, 33 min ago0.66 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

SUPER on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid SUPERshort+0.0100%1h0.1508+0.139%$518K$327K3x
Binance SUPERUSDT+0.0100%4h0.1506−0.018%$2.3M$5.4M50xas long as short
Bybit SUPERUSDTlong+0.0100%4h0.1506long leg$1.1M$1.5M25x
Gate SUPER_USDT+0.0100%8h0.1503−0.206%$130K$91K50xas long as short
MEXC SUPER_USDT+0.0100%4h0.1505−0.053%$1.6M$595K20xas long as short
KuCoin SUPERUSDTM+0.0100%4h0.1504−0.139%$616K$214K50xas long as short
Bitget SUPERUSDT+0.0100%4h0.1506−0.007%$539K$262K25xas long as short
BingX SUPER-USDT+0.0100%4h0.1506−0.007%$2.4Mas long as short
Variational Omni SUPER+0.0118%4h0.1506+0.009%$80K$2Kas long as short
BloFin SUPER-USDT+0.0340%4h0.1505−0.066%$152K$170K75xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SUPERUSD+0.3126%1h0.1515+0.610%$50K$8K10xas long as short