Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.044%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1621.623% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.055%−$5 · spread now −0.044%, 7d avg −0.037%
=Together, before fees−0.055%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit UMAUSDT | 0.4073 | 0.0100 | pay 0.0050% / 4h | 3h 23m | $683K | $144K | 25x |
| Short | Hyperliquid UMA | 0.4071 | 0.0100 | get 0.0013% / 1h | 23m 13s | $215K | $63K | 3x |
Bybit UMAUSDT
Hyperliquid UMAFunding 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: −0.044% → −0.037%
- −$0.71
- Slippage, 4 orders
- −$142.26
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$162.97
- Costs to cover
- 1.623%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 16 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, 2 min ago | 6.16 bp | 54.9 bp −$55 | 262.6 bp −$2,626 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 16 min ago | 2.59 bp | 28.2 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
UMA 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 UMA-USDT | +0.0045% | 4h | 0.4051 | −0.540% | $74K | $7K | 50x | as long as short |
| Hyperliquid UMAshort | +0.0100% | 1h | 0.4071 | −0.044% | $215K | $63K | 3x | |
| Aster UMAUSDT | +0.0100% | 4h | 0.4068 | −0.120% | $25K | $769 | 5x | as long as short |
| Binance UMAUSDT | +0.0100% | 4h | 0.4067 | −0.147% | $1.5M | $1.1M | 50x | as long as short |
| Bybit UMAUSDTlong | +0.0100% | 4h | 0.4073 | long leg | $683K | $144K | 25x | |
| OKX UMA-USDT-SWAP | +0.0100% | 4h | 0.4074 | +0.025% | $318K | $231K | 10x | as long as short |
| Gate UMA_USDT | +0.0100% | 4h | 0.4065 | −0.196% | $78K | $41K | 25x | as long as short |
| MEXC UMA_USDT | +0.0100% | 4h | 0.4069 | −0.098% | $207K | $172K | 50x | as long as short |
| KuCoin UMAUSDTM | +0.0100% | 4h | 0.4066 | −0.172% | $156K | $62K | 30x | as long as short |
| Bitget UMAUSDT | +0.0100% | 4h | 0.4069 | −0.098% | $982K | $63K | 50x | as long as short |
BloFin UMA-USDT
Aster UMAUSDT
Binance UMAUSDT
OKX UMA-USDT-SWAP
Gate UMA_USDT
MEXC UMA_USDT
KuCoin UMAUSDTM
Bitget UMAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX UMA-USDT | +0.0100% | 4h | 0.4065 | −0.196% | — | $2.3M | — | as long as short |
| Variational Omni UMA | +0.0100% | 4h | 0.4052 | −0.523% | $5K | $1 | — | as long as short |
| Kraken Futures PF_UMAUSD | +0.1704% | 1h | 0.4084 | +0.279% | $14K | $5K | 10x | as long as short |
BingX UMA-USDT
Variational Omni UMA
Kraken Futures PF_UMAUSD