Funding you earn now, next payment 23:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.006%
Price spread now: Hyperliquid against Bybit+0.183%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$540.541% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days−0.152%−$15 · spread now +0.183%, 7d avg +0.079%
=Together, before fees−0.162%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.103% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.079%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TIAUSDT | 0.4327 | 0.0014 | pay 0.0007% / 4h | 1h 55m | $9.5M | $13.0M | 50x |
| Short | Hyperliquid TIA | 0.4335 | 0.0100 | get 0.0013% / 1h | 55m 23s | $4.2M | $1.5M | 5x |
Bybit TIAUSDT
Hyperliquid TIAFunding 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
- $17.98
- Price spread: +0.183% → +0.079%
- $10.32
- Slippage, 4 orders
- −$34.08
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$25.78
- Costs to cover
- 0.541%
- Break-even
- 17.0 days
Slippage from Bybit: live order book, 3 min ago; Hyperliquid: live order book, 6 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, 3 min ago | 1.16 bp | 14.2 bp −$14 | 32.0 bp −$320 | 170.3 bp −$17.0K | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.58 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
TIA on 27 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_TIAUSD | −0.0228% | 1h | 0.4331 | +0.097% | $356K | $239K | 50x | as long as short |
| ApeX Omni TIAUSDT | −0.0080% | 1h | 0.4307 | −0.462% | $48K | $237K | 50x | as long as short |
| KuCoin TIAUSDTM | −0.0042% | 4h | 0.4330 | +0.069% | $4.2M | $8.5M | 50x | as long as short |
| Gate TIA_USDT | −0.0036% | 4h | 0.4329 | +0.046% | $996K | $1.8M | 75x | as long as short |
| OKX TIA-USDT-SWAP | −0.0011% | 4h | 0.4327 | 0.000% | $2.7M | $5.8M | 50x | as long as short |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4331 | +0.092% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4331 | +0.101% | $1K | — | 150x | as long as short |
| Bybit TIAUSDTlong | +0.0014% | 4h | 0.4327 | long leg | $9.5M | $13.0M | 50x | |
| Variational Omni TIA | +0.0066% | 4h | 0.4320 | −0.159% | $101K | $84K | — | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4335 | +0.187% | $128K | $350K | 10x | as long as short |
Kraken Futures PF_TIAUSD
ApeX Omni TIAUSDT
KuCoin TIAUSDTM
Gate TIA_USDT
OKX TIA-USDT-SWAP
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
Variational Omni TIA
Lighter TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4330 | +0.069% | $5K | $360K | 10x | as long as short |
| Hyperliquid TIAshort | +0.0100% | 1h | 0.4335 | +0.183% | $4.2M | $1.5M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4331 | +0.091% | $35K | $272K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4330 | +0.074% | $14.1M | $40.8M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4331 | +0.092% | $9.1M | $5.4M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4331 | +0.092% | $4.5M | $3.5M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4327 | 0.000% | — | $99.0M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4326 | −0.023% | $100K | $150K | 10x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4325 | −0.046% | $64K | $41K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4326 | −0.016% | $58K | $165K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4330 | +0.069% | $7K | — | 3x | as long as short |
| Injective TIA/USDC PERP | +0.0106% | 1h | 0.4323 | −0.092% | $26K | $10K | 12x | as long as short |
| Reya TIARUSDPERP | +0.0179% | 1h | 0.4328 | +0.018% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0216% | 1h | 0.4345 | +0.416% | $48K | $72K | 50x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4327 | 0.000% | $1.0M | $542K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0457% / S −0.3505% | 1h | 0.4331 | +0.094% | $35K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0465% | 1h | 0.4327 | 0.000% | $51K | $59 | 10x | as long as short |
Orderly PERP_TIA_USDC
Aster TIAUSDT
Binance TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Injective TIA/USDC PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD