Funding you earn now, next payment 09:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.022%
Price spread now: Hyperliquid against Bybit−0.012%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1301.305% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.012%, 7d avg +0.030%
=Together, before fees+0.135%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.041% cheaper against Bybit than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.030%). If the spread goes back, that is −$4 on $10k: about 4.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.019% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMTUSDT | 0.008569 | 0.0068 | pay 0.0068% / 8h | 7h 11m | $1.1M | $2.1M | 50x |
| Short | Hyperliquid GMT | 0.008568 | 0.0100 | get 0.0013% / 1h | 11m 14s | $120K | $153K | 3x |
Bybit GMTUSDT
Hyperliquid GMTFunding 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
- $6.69
- Price spread: −0.012% → +0.030%
- −$4.14
- Slippage, 4 orders
- −$110.45
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$127.9
- Costs to cover
- 1.305%
- Break-even
- 140.8 days
Slippage from Bybit: live order book, just now; Hyperliquid: live order book, 28 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, just now | 4.08 bp | 36.6 bp −$37 | 288.0 bp −$2,880 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 28 min ago | 2.36 bp | 31.4 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
GMT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSD | −0.1398% | 1h | 0.008575 | +0.072% | $43K | $13K | 20x | as long as short |
| Variational Omni GMT | −0.0133% | 8h | 0.008587 | +0.207% | $4K | $6K | — | as long as short |
| KuCoin GMTUSDTM | −0.0048% | 4h | 0.008560 | −0.105% | $243K | $205K | 50x | as long as short |
| Bybit GMTUSDTlong | +0.0068% | 8h | 0.008569 | long leg | $1.1M | $2.1M | 50x | |
| Hyperliquid GMTshort | +0.0100% | 1h | 0.008568 | −0.012% | $120K | $153K | 3x | |
| Aster GMTUSDT | +0.0100% | 4h | 0.008578 | +0.100% | $7K | $22K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008572 | +0.035% | $2.9M | $5.4M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008565 | −0.047% | $389K | $1.2M | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008580 | +0.128% | $140K | $178K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008573 | +0.047% | $434K | $220K | 20x | as long as short |
Kraken Futures PF_GMTUSD
Variational Omni GMT
KuCoin GMTUSDTM
Aster GMTUSDT
Binance GMTUSDT
OKX GMT-USDT-SWAP
Gate GMT_USDT
MEXC GMT_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMTUSDT | +0.0100% | 4h | 0.008579 | +0.117% | $735K | $695K | 50x | as long as short |
| BingX GMT-USDT | +0.0100% | 4h | 0.008574 | +0.058% | — | $1.3M | — | as long as short |
Bitget GMTUSDT
BingX GMT-USDT