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

TNSR

all TNSR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.053%7-day average · 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+0.062%+$6 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.053% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit TNSRUSDT0.037880.0100pay 0.0050% / 4h47m 07s$1.1M$573K25x
ShortHyperliquid TNSR0.037900.0100get 0.0013% / 1h47m 07s$67K$60K3x

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: +0.053% → 0.000%
$5.28
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
−$14.72
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Hyperliquid: no order-book sample. 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, 3 min ago3.97 bp295.0 bp −$295doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid no order-book sample
Hyperliquid: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TNSR 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 TNSRshort+0.0100%1h0.03790+0.053%$67K$60K3x
Binance TNSRUSDT+0.0100%4h0.037880.000%$2.3M$3.9M25xas long as short
Bybit TNSRUSDTlong+0.0100%4h0.03788long leg$1.1M$573K25x
Gate TNSR_USDT+0.0100%4h0.03786−0.053%$147K$118K20xas long as short
MEXC TNSR_USDT+0.0100%4h0.03789+0.026%$363K$193K50xas long as short
KuCoin TNSRUSDTM+0.0100%4h0.03790+0.053%$1.1M$2.2M30xas long as short
Bitget TNSRUSDT+0.0100%4h0.03785−0.079%$1.7M$421K25xas long as short
BingX TNSR-USDT+0.0100%4h0.03787−0.026%$6.5Mas long as short
Variational Omni TNSR+0.0100%4h0.03769−0.495%$4K$5Kas long as short
Aster TNSRUSDT+0.0403%4h0.03785−0.081%$19K$33K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TNSRUSD+0.1101%1h0.03787−0.027%$18K$18K10xas long as short