Funding you earn now, next payment 01:00 UTC−0.0419%/8h= −45.9% APRpaid last 24h −0.024%
Price spread now: Bybit against Hyperliquid−0.187%7-day average −0.100% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.278%−$28 on $10k
+Price spread, last 7 days+0.174%+$17 · spread now −0.187%, 7d avg −0.100%
=Together, before fees−0.104%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bybit is 0.087% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.100%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.278% in total (about -14.5% 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 AERO | 0.7000 | 0.0519 | pay 0.0065% / 1h | 57m 42s | $23.5M | $5.4M | 3x |
| Short | Bybit AEROUSDT | 0.6987 | 0.0100 | get 0.0050% / 4h | 3h 57m | $22.5M | $21.9M | 25x |
Hyperliquid AERO
Bybit AEROUSDTFunding 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
- −$87.97
- Price spread: −0.187% → −0.100%
- −$8.71
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$116.68
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; Bybit: live order book, 1 min ago. Net counts fees only.
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, 5 min ago | 0.79 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.71 bp | 15.0 bp −$15 | 34.5 bp −$345 | 266.6 bp −$26.7K | doesn't fit |
AERO on 23 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 AERO_USDC-PERPETUAL | −0.0036% | 1h | 0.6991 | −0.130% | $55K | $11K | 10x | as long as short |
| Injective AERO/USDC PERP | +0.0033% | 1h | 0.6902 | −1.401% | $4 | $209K | 5.5x | as long as short |
| Aster AEROUSDT | +0.0100% | 4h | 0.6988 | −0.172% | $40K | $117K | 10x | as long as short |
| Binance AEROUSDT | +0.0100% | 4h | 0.6992 | −0.116% | $26.3M | $26.7M | 75x | as long as short |
| Bybit AEROUSDTshort | +0.0100% | 4h | 0.6987 | −0.187% | $22.5M | $21.9M | 25x | |
| OKX AERO-USDT-SWAP | +0.0100% | 4h | 0.6989 | −0.159% | $2.3M | $7.0M | 20x | as long as short |
| Gate AERO_USDT | +0.0100% | 4h | 0.6987 | −0.187% | $1.6M | $491K | 75x | as long as short |
| MEXC AERO_USDT | +0.0100% | 4h | 0.6991 | −0.130% | $8.3M | $1.7M | 100x | as long as short |
| KuCoin AEROUSDTM | +0.0100% | 4h | 0.6989 | −0.159% | $2.2M | $940K | 50x | as long as short |
| Bitget AEROUSDT | +0.0100% | 4h | 0.6987 | −0.187% | $4.1M | $2.2M | 75x | as long as short |
Deribit AERO_USDC-PERPETUAL
Injective AERO/USDC PERP
Aster AEROUSDT
Binance AEROUSDT
OKX AERO-USDT-SWAP
Gate AERO_USDT
MEXC AERO_USDT
KuCoin AEROUSDTM
Bitget AEROUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AERO-USDT | +0.0100% | 4h | 0.6988 | −0.173% | — | $1.8M | — | as long as short |
| Variational Omni AERO | +0.0100% | 4h | 0.6991 | −0.136% | $2.0M | $1.8M | — | as long as short |
| Extended AERO-USD | +0.0104% | 1h | 0.6987 | −0.188% | $216K | $1.3M | 10x | as long as short |
| Aevo AERO-PERP | +0.0104% | 1h | 0.6962 | −0.546% | $47K | — | 3x | as long as short |
| Reya AERORUSDPERP | +0.0228% | 1h | 0.6992 | −0.123% | $20K | $4K | 15x | as long as short |
| BloFin AERO-USDT | +0.0340% | 4h | 0.6989 | −0.159% | $937K | $744K | 25x | as long as short |
| 01 Exchange AEROUSD | +0.0376% | 1h | 0.7001 | +0.019% | $190 | $111 | 3x | as long as short |
| GMX AERO/USD [ETH-USDC] | L +0.0512% / S −0.0240% | 1h | 0.6992 | −0.121% | $92K | — | 100x | as long as short |
| Hyperliquid AEROlong | +0.0519% | 1h | 0.7000 | long leg | $23.5M | $5.4M | 3x | |
| RISEx AERO/USDC | +0.0687% | 1h | 0.6997 | −0.041% | $214K | $403K | 3x | as long as short |
| Backpack AERO_USDC_PERP | +0.1368% | 1h | 0.7000 | 0.000% | $132K | $329K | 15x | as long as short |
| Lighter AERO | +0.1424% | 1h | 0.7008 | +0.116% | $1.3M | $430K | 3x | as long as short |
| Coinbase International AERO-PERP-INTX | +0.3896% | 1h | 0.7467 | +6.670% | $98K | $36K | 25x | as long as short |
BingX AERO-USDT
Variational Omni AERO
Extended AERO-USD
Aevo AERO-PERP
Reya AERORUSDPERP
BloFin AERO-USDT
01 Exchange AEROUSD
GMX AERO/USD [ETH-USDC]
RISEx AERO/USDC
Backpack AERO_USDC_PERP
Lighter AERO
Coinbase International AERO-PERP-INTX