Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0714%/8h= −78.2% APRpaid last 24h −0.122%

Price spread now: Bybit against Hyperliquid−0.149%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 7 days+0.173%+$17 · spread now −0.149%, 7d avg −0.001%

Together, before fees+0.004%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bybit is 0.148% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.001%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.169% in total (about -8.8% 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 FARTCOIN	0.1948	0.1124	pay 0.0140% / 1h	41m 53s	$43.6M	$29.6M	10x
Short	Bybit FARTCOINUSDT	0.1945	0.0410	get 0.0205% / 4h	41m 53s	$30.1M	$53.5M	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee BybitbpOrdersPrice spread, now −0.149%Rate

Funding earned: −$149.89
Price spread: −0.149% → −0.001%: −$14.78
Slippage, 4 orders: −$32.16
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$216.83
Costs to cover: 0.522%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 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, 11 min ago	0.51 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.26 bp	15.0 bp −$15	47.2 bp −$472	doesn't fit	doesn't fit

FARTCOIN on 36 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
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S −0.0004%	1h	0.1941	−0.365%	$569	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	+1.832%	$1K	$5	5.5x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0100%	1h	0.1942	−0.313%	$109K	$864K	10x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.1944	−0.216%	$1K	$1.7M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.1945	−0.169%	$156K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.1945	−0.154%	$67K	$151K	20x	as long as short
Bulk FARTCOIN-USD	+0.0183%	1h	0.1945	−0.188%	$77K	$2K	10x	as long as short
Aevo FARTCOIN-PERP	+0.0184%	1h	0.1944	−0.244%	$31K	—	3x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0225%	1h	0.1945	−0.190%	$82K	$255K	10x	as long as short
Gate FARTCOIN_USDT	+0.0258%	4h	0.1944	−0.210%	$11.1M	$8.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX FARTCOIN-USDT-SWAP	+0.0259%	4h	0.1947	−0.067%	$4.7M	$15.2M	20x	as long as short
Bitget FARTCOINUSDT	+0.0260%	4h	0.1947	−0.067%	$13.7M	$17.2M	50x	as long as short
Lighter FARTCOIN	+0.0296%	1h	0.1947	−0.056%	$628K	$1.3M	10x	as long as short
Pacifica FARTCOIN	+0.0348%	1h	0.1942	−0.309%	$181K	$412K	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0374%	4h	0.1946	−0.118%	$10.7M	$15.5M	50x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0392% / S −0.0572%	1h	0.1941	−0.353%	$44K	—	100x	as long as short
Bybit FARTCOINUSDTshort	+0.0410%	4h	0.1945	−0.149%	$30.1M	$53.5M	50x
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1942	−0.310%	$0	—	5x	as long as short
Binance FARTCOINUSDT	+0.0413%	4h	0.1947	−0.046%	$18.7M	$79.1M	75x	as long as short
MEXC FARTCOIN_USDT	+0.0414%	4h	0.1945	−0.169%	$32.1M	$14.2M	100x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0420%	1h	0.1943	−0.277%	$123K	$62K	25x	as long as short
Aster FARTCOINUSDT	+0.0461%	4h	0.1944	−0.221%	$82K	$192K	5x	as long as short
BingX FARTCOIN-USDC	+0.0470%	4h	0.1947	−0.067%	—	$6.5M	—	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0492%	4h	0.1944	−0.220%	$245K	$4.4M	10x	as long as short
Extended FARTCOIN-USD	+0.0592%	1h	0.1947	−0.091%	$217K	$2.0M	25x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0599%	1h	0.1945	−0.155%	$759K	$1.9M	50x	as long as short
Variational Omni FARTCOIN	+0.0628%	4h	0.1939	−0.473%	$807K	$2.7M	—	as long as short
BloFin FARTCOIN-USDT	+0.0651%	4h	0.1944	−0.221%	$969K	$2.0M	75x	as long as short
ApeX Omni FARTCOINUSDT	+0.0666%	1h	0.1944	−0.221%	$27K	$211K	50x	as long as short
Phoenix FARTCOIN	+0.0704%	1h	0.1948	−0.026%	$154K	$211K	10x	as long as short
Nado FARTCOIN-PERP	+0.0786%	1h	0.1943	−0.298%	$787K	$732K	10x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0907%	4h	0.1945	−0.169%	$24K	$4K	20x	as long as short
Arcus FARTCOIN-USD	+0.0973%	1h	0.1942	−0.323%	$14K	$112K	10x	as long as short
01 Exchange FARTCOINUSD	+0.1056%	1h	0.1943	−0.277%	$399	$386	10x	as long as short
Hyperliquid FARTCOINlong	+0.1124%	1h	0.1948	long leg	$43.6M	$29.6M	10x
Coinbase International FARTCOIN-PERP-INTX	+0.1152%	1h	0.1956	+0.385%	$1.1M	$7.4M	50x	as long as short