Funding arb · Price arb /

HYPER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget+0.108%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1101.103% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.108%, 7d avg −0.034%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.142% dearer against Bitget than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPERUSDT	0.07422	0.0100	pay 0.0050% / 4h	1h 54m	$310K	$262K	50x
Short	Bybit HYPERUSDT	0.07430	0.0100	get 0.0050% / 4h	1h 54m	$1.1M	$704K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → −0.034%: $14.17
Slippage, 4 orders: −$87.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$96.13
Costs to cover: 1.103%
Break-even: never at this rate

Slippage from Bitget: live order book, 21 min ago; Bybit: live order book, 1 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 Bitget live order book, 21 min ago	6.05 bp	31.1 bp −$31	82.2 bp −$822	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.37 bp	28.6 bp −$29	275.5 bp −$2,755	doesn't fit	doesn't fit

HYPER on 10 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
KuCoin HYPERUSDTM	−0.0158%	4h	0.07428	+0.081%	$131K	$93K	30x	as long as short
Gate HYPER_USDT	−0.0142%	4h	0.07420	−0.027%	$90K	$46K	50x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07435	+0.172%	$72K	$121K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07427	+0.062%	$20K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07430	+0.108%	$2.0M	$2.1M	50x	as long as short
Bybit HYPERUSDTshort	+0.0100%	4h	0.07430	+0.108%	$1.1M	$704K	25x
MEXC HYPER_USDT	+0.0100%	4h	0.07432	+0.135%	$258K	$128K	20x	as long as short
Bitget HYPERUSDTlong	+0.0100%	4h	0.07422	long leg	$310K	$262K	50x
Variational Omni HYPER	+0.0100%	4h	0.07425	+0.039%	$7K	$1K	—	as long as short
BloFin HYPER-USDT	+0.0104%	4h	0.07422	0.000%	$189K	$23K	50x	as long as short