Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.145%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1081.081% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now +0.145%, 7d avg +0.123%
=Together, before fees+0.113%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 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: Hyperliquid is 0.021% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.123%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WUSDT | 0.01176 | 0.0100 | pay 0.0050% / 4h | 1h 41m | $4.1M | $2.0M | 50x |
| Short | Hyperliquid W | 0.01178 | 0.0100 | get 0.0013% / 1h | 41m 00s | $2.0M | $443K | 5x |
Bybit WUSDT
Hyperliquid WFunding 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: +0.145% → +0.123%
- $2.14
- Slippage, 4 orders
- −$88.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$106
- Costs to cover
- 1.081%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 10 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 | 3.83 bp | 28.7 bp −$29 | 171.2 bp −$1,712 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 4.25 bp | 22.6 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0768% | 1h | 0.01177 | +0.077% | $17K | $1K | 10x | as long as short |
| OKX W-USDT-SWAP | −0.0027% | 4h | 0.01177 | +0.043% | $1.3M | $2.1M | 20x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.780% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wshort | +0.0100% | 1h | 0.01178 | +0.145% | $2.0M | $443K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01178 | +0.128% | $3.0M | $7.0M | 50x | as long as short |
| Bybit WUSDTlong | +0.0100% | 4h | 0.01176 | long leg | $4.1M | $2.0M | 50x | |
| Gate W_USDT | +0.0100% | 4h | 0.01176 | +0.009% | $446K | $291K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01177 | +0.060% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01179 | +0.230% | $485K | $245K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01178 | +0.145% | $1.3M | $576K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
OKX W-USDT-SWAP
Injective W/USDC PERP
Binance WUSDT
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01177 | +0.068% | — | $6.9M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01173 | −0.290% | $71K | $42K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01176 | −0.057% | $123K | $409K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01177 | +0.091% | $59K | $276K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0240% | 1h | 0.01179 | +0.238% | $14K | $18K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0310% | 1h | 0.01179 | +0.213% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.0397% | 1h | 0.01180 | +0.336% | $146K | $185K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD