Funding you earn now, next payment 09:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.020%
Price spread now: Bybit against Hyperliquid−0.165%7-day average −0.099% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now −0.165%, 7d avg −0.099%
=Together, before fees−0.050%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.065% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.099%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HBAR | 0.09656 | 0.0123 | pay 0.0015% / 1h | 12m 58s | $9.1M | $4.0M | 5x |
| Short | Bybit HBARUSDT | 0.09640 | 0.0100 | get 0.0100% / 8h | 7h 12m | $33.8M | $37.4M | 75x |
Hyperliquid HBAR
Bybit HBARUSDTFunding 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
- −$4.84
- Price spread: −0.165% → −0.099%
- −$6.55
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$31.38
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Bybit: live order book, 1 min ago. Net counts fees only.
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, 9 min ago | 0.26 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.52 bp | 8.3 bp −$8 | 19.4 bp −$194 | 113.9 bp −$11.4K | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09635 | −0.216% | $531K | $176K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0008% | 1h | 0.09634 | −0.222% | $11K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −3.872% | $1K | $96K | 12x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0088% | 8h | 0.09630 | −0.268% | $1K | $13K | 10x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0088% | 1h | 0.09660 | +0.042% | $231K | $2.7M | 50x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09643 | −0.134% | $582K | $611K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09653 | −0.033% | $231K | $350K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09642 | −0.144% | $36.5M | $114.7M | 75x | as long as short |
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09640 | −0.165% | $33.8M | $37.4M | 75x | |
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09645 | −0.113% | $6.8M | $27.2M | 50x | as long as short |
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Orderly PERP_HBAR_USDC
Coinbase International HBAR-PERP-INTX
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDT
OKX HBAR-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HBAR_USDT | +0.0100% | 8h | 0.09642 | −0.144% | $2.5M | $2.9M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09646 | −0.103% | $27.4M | $20.8M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09653 | −0.030% | $7.4M | $7.3M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09647 | −0.092% | $18.1M | $17.6M | 75x | as long as short |
| BingX HBAR-USDT | +0.0100% | 8h | 0.09641 | −0.154% | — | $7.6M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09648 | −0.082% | $38K | $200K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09679 | +0.240% | $1.1M | $174K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09659 | +0.031% | $389K | $3.4M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09662 | +0.063% | $156K | $698K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09633 | −0.237% | $447 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09652 | −0.040% | $74K | $74K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09650 | −0.061% | $2.5M | $2.9M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09645 | −0.108% | $52K | $307K | 10x | as long as short |
| Hyperliquid HBARlong | +0.0123% | 1h | 0.09656 | long leg | $9.1M | $4.0M | 5x | |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09644 | −0.123% | $1.6M | $6.0M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0281% | 1h | 0.09649 | −0.069% | $1.4M | $3.3M | 50x | as long as short |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0366% / S −0.0360% | 1h | 0.09635 | −0.213% | $77K | — | 100x | as long as short |
| dYdX HBAR-USD | +0.2097% | 1h | 0.09639 | −0.179% | $38K | $18K | 5x | as long as short |
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDT
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]
dYdX HBAR-USD