Funding you earn now, next payment 06:00 UTC−0.0232%/8h= −25.5% APRpaid last 24h −0.366%
Price spread now: Bybit against Hyperliquid−0.353%7-day average −0.322% · you buy dearer than you sell
Net, funding: paid 7d − costs−$293as in the Funding arb table
Net, price: spread back to 7d avg − costs−$218as in the Price arb table
costs, in and out, $10k−$2152.148% of the position
Funding, last 7 days−0.786%−$79 on $10k
+Price spread, last 7 days+0.092%+$9 · spread now −0.353%, 7d avg −0.322%
=Together, before fees−0.695%+ Points / potential airdropHyperliquid: Season 2 · farm board−$69 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.032% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.322%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid APEX | 0.2547 | 0.0332 | pay 0.0042% / 1h | 20m 20s | $2.9M | $110K | 3x |
| Short | Bybit APEXUSDT | 0.2538 | 0.0100 | get 0.0050% / 4h | 2h 20m | $3.5M | $1.2M | 25x |
Hyperliquid APEX
Bybit APEXUSDTFunding 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
- −$48.82
- Price spread: −0.353% → −0.322%
- −$3.16
- Slippage, 4 orders
- −$194.82
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$266.81
- Costs to cover
- 2.148%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 1 min ago; Bybit: live order book, 2 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, 1 min ago | 2.95 bp | 50.5 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 11.83 bp | 64.1 bp −$64 | 477.6 bp −$4,776 | doesn't fit | doesn't fit |
APEX on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit APEXUSDTshort | +0.0100% | 4h | 0.2538 | −0.353% | $3.5M | $1.2M | 25x | |
| MEXC APEX_USDT | +0.0100% | 4h | 0.2538 | −0.353% | $584K | $253K | 50x | as long as short |
| BingX APEX-USDT | +0.0100% | 4h | 0.2540 | −0.275% | — | $1.3M | — | as long as short |
| Variational Omni APEX | +0.0100% | 4h | 0.2536 | −0.449% | $19K | $5K | — | as long as short |
| ApeX Omni APEXUSDT | +0.0100% | 1h | 0.2582 | +1.374% | $138K | $373K | 50x | as long as short |
| BloFin APEX-USDT | +0.0151% | 4h | 0.2530 | −0.667% | $94K | $3K | 25x | as long as short |
| Hyperliquid APEXlong | +0.0332% | 1h | 0.2547 | long leg | $2.9M | $110K | 3x | |
| Lighter APEX | +0.0400% | 1h | 0.2548 | +0.024% | $58K | $24K | 5x | as long as short |
MEXC APEX_USDT
BingX APEX-USDT
Variational Omni APEX
ApeX Omni APEXUSDT
BloFin APEX-USDT
Lighter APEX