Funding you earn now, next payment 02:00 UTC−0.0605%/8h= −66.3% APRpaid last 24h −0.062%
Price spread now: Bybit against Hyperliquid−0.303%7-day average −0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$380.385% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 7 days+0.309%+$31 · spread now −0.303%, 7d avg −0.090%
=Together, before fees+0.183%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Bybit is 0.213% cheaper against Hyperliquid than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.090%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.126% in total (about -6.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid WLD | 0.4714 | 0.0705 | pay 0.0088% / 1h | 51m 16s | $52.8M | $44.4M | 10x |
| Short | Bybit WLDUSDT | 0.4700 | 0.0100 | get 0.0100% / 8h | 6h 51m | $67.6M | $85.5M | 50x |
Hyperliquid WLD
Bybit WLDUSDTFunding 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
- −$127.11
- Price spread: −0.303% → −0.090%
- −$21.33
- Slippage, 4 orders
- −$18.47
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$186.9
- Costs to cover
- 0.385%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Bybit: live order book, 3 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 | 1.17 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.07 bp | 11.2 bp −$11 | 25.4 bp −$254 | 131.6 bp −$13.2K | doesn't fit |
WLD on 38 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni WLDUSDT | −0.0349% | 1h | 0.4701 | −0.282% | $51K | $243K | 50x | as long as short |
| Injective WLD/USDC PERP | −0.0235% | 1h | 0.4675 | −0.834% | $6K | $185K | 5.5x | as long as short |
| Kalshi KXWLDPERP | −0.0156% | 8h | 0.4697 | −0.367% | $29K | $4.2M | 1.7x | as long as short |
| KuCoin WLDUSDTM | −0.0027% | 8h | 0.4702 | −0.261% | $7.1M | $11.3M | 50x | as long as short |
| dYdX WLD-USD | 0.0000% | 1h | 0.4695 | −0.417% | $160K | $19K | 10x | as long as short |
| Deribit WLD_USDC-PERPETUAL | 0.0000% | 1h | 0.4700 | −0.303% | $132K | $909K | 25x | as long as short |
| Nado WLD-PERP | +0.0001% | 1h | 0.4705 | −0.203% | $273K | $178K | 5x | as long as short |
| gTrade (Gains Network) WLD/USD | L +0.0003% / S −0.0003% | 1h | 0.4700 | −0.304% | $67K | — | 150x | as long as short |
| Orderly PERP_WLD_USDC | +0.0053% | 8h | 0.4700 | −0.303% | $29K | $899K | 10x | as long as short |
| Phoenix WLD | +0.0068% | 1h | 0.4715 | +0.013% | $5K | $54K | 10x | as long as short |
ApeX Omni WLDUSDT
Injective WLD/USDC PERP
Kalshi KXWLDPERP
KuCoin WLDUSDTM
dYdX WLD-USD
Deribit WLD_USDC-PERPETUAL
Nado WLD-PERP
gTrade (Gains Network) WLD/USD
Orderly PERP_WLD_USDC
Phoenix WLDShow all 38 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster WLDUSDT | +0.0100% | 8h | 0.4707 | −0.155% | $182K | $1.0M | 50x | as long as short |
| Pacifica WLD | +0.0100% | 1h | 0.4695 | −0.403% | $55K | $487K | 5x | as long as short |
| Binance WLDUSDT | +0.0100% | 8h | 0.4702 | −0.269% | $89.8M | $318.5M | 75x | as long as short |
| Bybit WLDUSDTshort | +0.0100% | 8h | 0.4700 | −0.303% | $67.6M | $85.5M | 50x | |
| OKX WLD-USDT-SWAP | +0.0100% | 8h | 0.4700 | −0.303% | $35.5M | $152.1M | 50x | as long as short |
| Gate WLD_USDT | +0.0100% | 8h | 0.4705 | −0.197% | $7.5M | $36.6M | 75x | as long as short |
| MEXC WLD_USDT | +0.0100% | 8h | 0.4707 | −0.155% | $48.1M | $54.6M | 300x | as long as short |
| Bitget WLDUSDT | +0.0100% | 8h | 0.4701 | −0.282% | $31.4M | $28.4M | 75x | as long as short |
| BingX WLD-USDC | +0.0100% | 8h | 0.4703 | −0.240% | — | $1.3M | — | as long as short |
| Variational Omni WLD | +0.0100% | 8h | 0.4706 | −0.181% | $2.1M | $1.7M | — | as long as short |
| edgeX WLDUSDC | +0.0100% | 4h | 0.4688 | −0.548% | $28K | $317K | 20x | as long as short |
| GRVT WLD_USDT_Perp | +0.0100% | 8h | 0.4708 | −0.141% | $623K | $1.9M | 10x | as long as short |
| Polymarket Perps WLD-USD | +0.0100% | 1h | 0.4708 | −0.140% | $69K | $1.9M | 10x | as long as short |
| SunX WLD-USDT | +0.0100% | 8h | 0.4714 | −0.006% | $24K | $1.6M | 50x | as long as short |
| SoDEX WLD-USD | +0.0100% | 1h | 0.4703 | −0.240% | $226 | $5K | 10x | as long as short |
| HTX WLD-USDT | +0.0100% | 8h | 0.4702 | −0.261% | $890K | $1.9M | 50x | as long as short |
| Phemex WLDUSDT | +0.0100% | 8h | 0.4702 | −0.261% | $1.9M | $3.7M | 50x | as long as short |
| Extended WLD-USD | +0.0104% | 1h | 0.4698 | −0.343% | $216K | $879K | 10x | as long as short |
| Aevo WLD-PERP | +0.0104% | 1h | 0.4702 | −0.271% | $32K | $600 | 3x | as long as short |
| Backpack WLD_USDC_PERP | +0.0129% | 1h | 0.4705 | −0.195% | $140K | $285K | 10x | as long as short |
| Reya WLDRUSDPERP | +0.0134% | 1h | 0.4705 | −0.197% | — | — | 20x | as long as short |
| BloFin WLD-USDT | +0.0220% | 8h | 0.4696 | −0.388% | $5.0M | $878K | 75x | as long as short |
| GMX WLD/USD [ETH-USDC] | L +0.0239% / S −0.1538% | 1h | 0.4702 | −0.270% | $6K | — | 100x | as long as short |
| 01 Exchange WLDUSD | +0.0312% | 1h | 0.4713 | −0.017% | $337 | $77 | 5x | as long as short |
| Coinbase International WLD-PERP-INTX | +0.0456% | 1h | 0.4706 | −0.176% | $277K | $1.7M | 50x | as long as short |
| Kraken Futures PF_WLDUSD | +0.0636% | 1h | 0.4706 | −0.168% | $934K | $2.8M | 50x | as long as short |
| Hyperliquid WLDlong | +0.0705% | 1h | 0.4714 | long leg | $52.8M | $44.4M | 10x | |
| Lighter WLD | +0.0800% | 1h | 0.4713 | −0.019% | $5.3M | $2.1M | 10x | as long as short |
Aster WLDUSDT
Pacifica WLD
Binance WLDUSDT
OKX WLD-USDT-SWAP
Gate WLD_USDT
MEXC WLD_USDT
Bitget WLDUSDT
BingX WLD-USDC
Variational Omni WLD
edgeX WLDUSDC
GRVT WLD_USDT_Perp
Polymarket Perps WLD-USD
SunX WLD-USDT
SoDEX WLD-USD
HTX WLD-USDT
Phemex WLDUSDT
Extended WLD-USD
Aevo WLD-PERP
Backpack WLD_USDC_PERP
Reya WLDRUSDPERP
BloFin WLD-USDT
GMX WLD/USD [ETH-USDC]
01 Exchange WLDUSD
Coinbase International WLD-PERP-INTX
Kraken Futures PF_WLDUSD
Lighter WLD