Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid+0.017%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1551.551% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.017%, 7d avg +0.037%
=Together, before fees+0.068%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid UMA | 0.4045 | 0.0100 | pay 0.0013% / 1h | 54m 22s | $213K | $67K | 3x |
| Short | Bybit UMAUSDT | 0.4046 | 0.0100 | get 0.0050% / 4h | 2h 54m | $673K | $151K | 25x |
Hyperliquid UMA
Bybit UMAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. 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: +0.017% → +0.037%
- −$1.99
- Slippage, 4 orders
- −$135.13
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$157.12
- Costs to cover
- 1.551%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 15 min ago; Bybit: live order book, 51 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 Hyperliquid live order book, 15 min ago | 1.98 bp | 28.3 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 51 min ago | 4.92 bp | 37.8 bp −$38 | 199.7 bp −$1,997 | 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 | +0.0091% | 4h | 0.4048 | +0.067% | $75K | $7K | 50x | as long as short |
| Hyperliquid UMAlong | +0.0100% | 1h | 0.4045 | long leg | $213K | $67K | 3x | |
| Aster UMAUSDT | +0.0100% | 4h | 0.4042 | −0.091% | $24K | $769 | 5x | as long as short |
| Binance UMAUSDT | +0.0100% | 4h | 0.4041 | −0.106% | $1.5M | $1.2M | 50x | as long as short |
| Bybit UMAUSDTshort | +0.0100% | 4h | 0.4046 | +0.017% | $673K | $151K | 25x | |
| OKX UMA-USDT-SWAP | +0.0100% | 4h | 0.4047 | +0.042% | $314K | $239K | 10x | as long as short |
| Gate UMA_USDT | +0.0100% | 4h | 0.4041 | −0.106% | $78K | $43K | 25x | as long as short |
| MEXC UMA_USDT | +0.0100% | 4h | 0.4041 | −0.106% | $251K | $161K | 50x | as long as short |
| KuCoin UMAUSDTM | +0.0100% | 4h | 0.4039 | −0.156% | $155K | $63K | 30x | as long as short |
| Bitget UMAUSDT | +0.0100% | 4h | 0.4052 | +0.166% | $977K | $68K | 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 | 0.4042 | −0.082% | — | $2.3M | — | as long as short |
| Variational Omni UMA | +0.0100% | 4h | 0.4050 | +0.111% | $5K | $7 | — | as long as short |
| Kraken Futures PF_UMAUSD | +0.1839% | 1h | 0.4063 | +0.440% | $14K | $6K | 10x | as long as short |
BingX UMA-USDT
Variational Omni UMA
Kraken Futures PF_UMAUSD