Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: Bybit against Hyperliquid+0.171%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1141.141% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)−0.195%−$20 · spread now +0.171%, 7d avg −0.010%
=Together, before fees−0.167%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 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 0.181% dearer against Hyperliquid than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALT | 0.007604 | 0.0100 | pay 0.0013% / 1h | 28m 21s | $1.1M | $192K | 3x |
| Short | Bybit ALTUSDT | 0.007617 | 0.0100 | get 0.0050% / 4h | 2h 28m | $1.2M | $1.6M | 25x |
Hyperliquid ALT
Bybit ALTUSDTFunding 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: +0.171% → −0.010%
- $18.12
- Slippage, 4 orders
- −$94.14
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$96.01
- Costs to cover
- 1.141%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 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, 2 min ago | 4.60 bp | 28.9 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.60 bp | 32.0 bp −$32 | 195.0 bp −$1,950 | doesn't fit | doesn't fit |
ALT 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALT_USDC-PERPETUAL | +0.0012% | 1h | 0.007626 | +0.289% | — | $0 | 25x | as long as short |
| Hyperliquid ALTlong | +0.0100% | 1h | 0.007604 | long leg | $1.1M | $192K | 3x | |
| Binance ALTUSDT | +0.0100% | 4h | 0.007612 | +0.103% | $2.6M | $3.7M | 50x | as long as short |
| Bybit ALTUSDTshort | +0.0100% | 4h | 0.007617 | +0.171% | $1.2M | $1.6M | 25x | |
| Gate ALT_USDT | +0.0100% | 8h | 0.007617 | +0.171% | $50K | $405K | 25x | as long as short |
| MEXC ALT_USDT | +0.0100% | 4h | 0.007608 | +0.053% | $407K | $185K | 50x | as long as short |
| KuCoin ALTUSDTM | +0.0100% | 4h | 0.007615 | +0.145% | $151K | $20K | 30x | as long as short |
| Bitget ALTUSDT | +0.0100% | 4h | 0.007613 | +0.118% | $602K | $114K | 50x | as long as short |
| BingX ALT-USDT | +0.0100% | 4h | 0.007621 | +0.224% | — | $1.3M | — | as long as short |
| Variational Omni ALT | +0.0100% | 4h | 0.007607 | +0.044% | $4K | $15K | — | as long as short |
Deribit ALT_USDC-PERPETUAL
Binance ALTUSDT
Gate ALT_USDT
MEXC ALT_USDT
KuCoin ALTUSDTM
Bitget ALTUSDT
BingX ALT-USDT
Variational Omni ALTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALTUSD | +0.0207% | 1h | 0.007632 | +0.373% | $45K | $8K | 10x | as long as short |
| Coinbase International ALT-PERP-INTX | +0.0432% | 1h | 0.007627 | +0.302% | $14K | $3K | 50x | as long as short |
| Injective ALT/USDC PERP | +0.5000% | 1h | 0.007604 | 0.000% | $827 | $4K | 5.5x | as long as short |
Kraken Futures PF_ALTUSD
Coinbase International ALT-PERP-INTX
Injective ALT/USDC PERP