Funding you earn now, next payment 23:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.046%
Price spread now: Bybit against Hyperliquid−0.172%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$870.873% of the position
Funding, last 7 days−0.247%−$25 on $10k
+Price spread, last 7 days+0.083%+$8 · spread now −0.172%, 7d avg −0.125%
=Together, before fees−0.164%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.047% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.125%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CC | 0.1163 | 0.0264 | pay 0.0033% / 1h | 11m 30s | $5.4M | $1.4M | 3x |
| Short | Bybit CCUSDT | 0.1161 | 0.0100 | get 0.0050% / 4h | 1h 11m | $10.5M | $3.8M | 25x |
Hyperliquid CC
Bybit CCUSDTFunding 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
- −$34.49
- Price spread: −0.172% → −0.125%
- −$4.69
- Slippage, 4 orders
- −$67.26
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$126.44
- Costs to cover
- 0.873%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 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, 10 min ago | 0.86 bp | 11.3 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.45 bp | 32.5 bp −$32 | 285.3 bp −$2,853 | doesn't fit | doesn't fit |
CC on 19 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 CC/USDC PERP | −0.3951% | 1h | 0.1147 | −1.410% | $6K | $99 | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0094% | 8h | 0.1161 | −0.223% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1161 | −0.193% | $34K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1161 | −0.223% | $10.9M | $11.1M | 75x | as long as short |
| Bybit CCUSDTshort | +0.0100% | 4h | 0.1161 | −0.172% | $10.5M | $3.8M | 25x | |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1162 | −0.129% | $2.5M | $3.4M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1160 | −0.301% | $359K | $212K | 50x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1161 | −0.223% | $1.7M | $314K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1162 | −0.112% | $492K | $115K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1162 | −0.095% | $927K | $788K | 20x | as long as short |
Injective CC/USDC PERP
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1160 | −0.266% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1161 | −0.223% | $16K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1160 | −0.253% | $579K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1162 | −0.155% | $78K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1160 | −0.301% | $7K | $35K | 6.7x | as long as short |
| Hyperliquid CClong | +0.0264% | 1h | 0.1163 | long leg | $5.4M | $1.4M | 3x | |
| BloFin CC-USDT | +0.0340% | 4h | 0.1161 | −0.181% | $583K | $105K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0442% / S −0.0239% | 1h | 0.1161 | −0.166% | $43K | — | 50x | as long as short |
| Lighter CC | +0.1256% | 1h | 0.1166 | +0.181% | $233K | $152K | 5x | as long as short |
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC