Funding you earn now, next payment 06:00 UTC−0.1220%/8h= −133.6% APRpaid last 24h −0.110%
Price spread now: Bybit against Hyperliquid−0.167%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$247as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$1901.903% of the position
Funding, last 7 days−0.569%−$57 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now −0.167%, 7d avg −0.057%
=Together, before fees−0.530%+ Points / potential airdropHyperliquid: Season 2 · farm board−$53 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and Bybit is 0.110% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.057%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.569% in total (about -29.7% 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 HEMI | 0.006576 | 0.1320 | pay 0.0165% / 1h | 17m 00s | $1.1M | $369K | 3x |
| Short | Bybit HEMIUSDT | 0.006565 | 0.0100 | get 0.0050% / 4h | 2h 17m | $1.7M | $1.5M | 25x |
Hyperliquid HEMI
Bybit HEMIUSDTFunding 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
- −$256.13
- Price spread: −0.167% → −0.057%
- −$10.99
- Slippage, 4 orders
- −$170.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$457.39
- Costs to cover
- 1.903%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago | 0.76 bp | 18.5 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.34 bp | 79.6 bp −$80 | 434.1 bp −$4,341 | doesn't fit | doesn't fit |
HEMI 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HEMIUSDT | +0.0100% | 4h | 0.006554 | −0.332% | $75K | $46K | 5x | as long as short |
| Bybit HEMIUSDTshort | +0.0100% | 4h | 0.006565 | −0.167% | $1.7M | $1.5M | 25x | |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006566 | −0.152% | $834K | $1.7M | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006560 | −0.238% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006711 | +2.053% | $2K | $1.2M | 20x | as long as short |
| BloFin HEMI-USDT | +0.0179% | 4h | 0.006581 | +0.076% | $367K | $52K | 20x | as long as short |
| BingX HEMI-USDT | +0.0180% | 4h | 0.006570 | −0.091% | — | $1.4M | — | as long as short |
| Extended HEMI-USD | +0.0184% | 1h | 0.006563 | −0.194% | $17K | — | 5x | as long as short |
| Binance HEMIUSDT | +0.0187% | 4h | 0.006566 | −0.152% | $6.7M | $11.0M | 20x | as long as short |
| MEXC HEMI_USDT | +0.0188% | 4h | 0.006569 | −0.106% | $1.7M | $283K | 50x | as long as short |
Aster HEMIUSDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
BloFin HEMI-USDT
BingX HEMI-USDT
Extended HEMI-USD
Binance HEMIUSDT
MEXC HEMI_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDT | +0.0354% | 4h | 0.006568 | −0.122% | $512K | $292K | 20x | as long as short |
| Hyperliquid HEMIlong | +0.1320% | 1h | 0.006576 | long leg | $1.1M | $369K | 3x |
Gate HEMI_USDT