Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid+0.015%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1331.335% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.015%, 7d avg +0.072%
=Together, before fees+0.133%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.058% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USUAL | 0.01348 | 0.0100 | pay 0.0013% / 1h | 57m 36s | $385K | $232K | 3x |
| Short | Bybit USUALUSDT | 0.01348 | 0.0100 | get 0.0050% / 4h | 1h 57m | $993K | $931K | 25x |
Hyperliquid USUAL
Bybit USUALUSDTFunding 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: +0.015% → +0.072%
- −$5.75
- Slippage, 4 orders
- −$113.47
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$139.22
- Costs to cover
- 1.335%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Bybit: live order book, 8 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, 12 min ago | 3.69 bp | 23.8 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 6.67 bp | 43.4 bp −$43 | 258.1 bp −$2,581 | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4025% | 1h | 0.01334 | −1.039% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0712% | 1h | 0.01346 | −0.130% | $109K | $23K | 10x | as long as short |
| Hyperliquid USUALlong | +0.0100% | 1h | 0.01348 | long leg | $385K | $232K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01347 | −0.082% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDTshort | +0.0100% | 4h | 0.01348 | +0.015% | $993K | $931K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01349 | +0.074% | $900K | $213K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01347 | −0.052% | $5.9M | $257K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01351 | +0.223% | $279K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01349 | +0.074% | $816K | $508K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01348 | −0.022% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01350 | +0.123% | $9K | $208 | — | as long as short |
Variational Omni USUAL