Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.065%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1181.183% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.065%, 7d avg +0.043%
=Together, before fees+0.250%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 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 0.108% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AXSUSDT | 1.0741 | 0.0100 | pay 0.0100% / 8h | 5h 33m | $3.8M | $4.2M | 75x |
| Short | Hyperliquid AXS | 1.0734 | 0.0100 | get 0.0013% / 1h | 33m 46s | $258K | $312K | 5x |
Bybit AXSUSDT
Hyperliquid AXSFunding 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: −0.065% → +0.043%
- −$10.84
- Slippage, 4 orders
- −$98.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$129.16
- Costs to cover
- 1.183%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 66 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, 4 min ago | 3.27 bp | 26.4 bp −$26 | 98.7 bp −$987 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 66 min ago | 3.28 bp | 31.8 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
AXS on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | −0.196% | $5 | $47K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0089% | 4h | 1.0720 | −0.196% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0757 | +0.149% | $33K | $41K | 5x | as long as short |
| Hyperliquid AXSshort | +0.0100% | 1h | 1.0734 | −0.065% | $258K | $312K | 5x | |
| Aster AXSUSDT | +0.0100% | 4h | 1.0720 | −0.199% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0735 | −0.060% | $6.1M | $10.0M | 75x | as long as short |
| Bybit AXSUSDTlong | +0.0100% | 8h | 1.0741 | long leg | $3.8M | $4.2M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0733 | −0.074% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0719 | −0.205% | $854K | $953K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0730 | −0.102% | $11.4M | $706K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Aster AXSUSDT
Binance AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0730 | −0.102% | $602K | $301K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0730 | −0.102% | $3.2M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0734 | −0.065% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0737 | −0.038% | $36K | $3K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0710 | −0.289% | $768K | $885K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0721 | −0.186% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0723 | −0.168% | $739 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0720 | −0.192% | $7K | $245K | 10x | as long as short |
| BloFin AXS-USDT | +0.0109% | 4h | 1.0741 | 0.000% | $277K | $23K | 75x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0360% | 1h | 1.0743 | +0.022% | $145K | $336K | 20x | as long as short |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT
Kraken Futures PF_AXSUSD