Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.109%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1001.000% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.109%, 7d avg −0.113%
=Together, before fees+0.045%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TRBUSDT | 19.231 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $6.3M | $2.2M | 50x |
| Short | Hyperliquid TRB | 19.210 | 0.0100 | get 0.0013% / 1h | 8m 39s | $477K | $275K | 3x |
Bybit TRBUSDT
Hyperliquid TRBFunding 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: −0.109% → −0.113%
- $0.33
- Slippage, 4 orders
- −$80.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$99.71
- Costs to cover
- 1.000%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 61 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, 4 min ago | 2.86 bp | 30.5 bp −$31 | 116.9 bp −$1,169 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 61 min ago | 1.31 bp | 18.4 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
TRB on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin TRB-USDT | +0.0089% | 4h | 19.214 | −0.088% | $356K | $167K | 50x | as long as short |
| Hyperliquid TRBshort | +0.0100% | 1h | 19.210 | −0.109% | $477K | $275K | 3x | |
| Aster TRBUSDT | +0.0100% | 4h | 19.197 | −0.176% | $7K | $25K | 5x | as long as short |
| Binance TRBUSDT | +0.0100% | 4h | 19.198 | −0.174% | $5.1M | $11.9M | 50x | as long as short |
| Bybit TRBUSDTlong | +0.0100% | 4h | 19.231 | long leg | $6.3M | $2.2M | 50x | |
| OKX TRB-USDT-SWAP | +0.0100% | 4h | 19.210 | −0.109% | $4.4M | $5.4M | 20x | as long as short |
| Gate TRB_USDT | +0.0100% | 4h | 19.220 | −0.057% | $551K | $2.2M | 50x | as long as short |
| MEXC TRB_USDT | +0.0100% | 4h | 19.194 | −0.192% | $15.5M | $1.1M | 125x | as long as short |
| KuCoin TRBUSDTM | +0.0100% | 4h | 19.216 | −0.078% | $1.2M | $334K | 50x | as long as short |
| Bitget TRBUSDT | +0.0100% | 4h | 19.217 | −0.073% | $1.3M | $1.6M | 50x | as long as short |
BloFin TRB-USDT
Aster TRBUSDT
Binance TRBUSDT
OKX TRB-USDT-SWAP
Gate TRB_USDT
MEXC TRB_USDT
KuCoin TRBUSDTM
Bitget TRBUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX TRB-USDT | +0.0100% | 4h | 19.218 | −0.068% | — | $5.0M | — | as long as short |
| Variational Omni TRB | +0.0100% | 4h | 19.217 | −0.073% | $15K | $10K | — | as long as short |
| Kraken Futures PF_TRBUSD | +0.1557% | 1h | 19.252 | +0.107% | $103K | $51K | 10x | as long as short |
BingX TRB-USDT
Variational Omni TRB
Kraken Futures PF_TRBUSD