Funding arb · Price arb /

HYPER

all HYPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit−0.078%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1061.057% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.078%, 7d avg −0.045%

Together, before fees+0.084%+$8 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: Binance is 0.033% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HYPERUSDT	0.07566	0.0100	pay 0.0050% / 4h	3h 13m	$1.2M	$756K	25x
Short	Binance HYPERUSDT	0.07560	0.0100	get 0.0050% / 4h	3h 13m	$2.1M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.045%: −$3.33
Slippage, 4 orders: −$84.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$109.08
Costs to cover: 1.057%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 6 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, 2 min ago	3.31 bp	30.3 bp −$30	361.5 bp −$3,615	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.66 bp	16.4 bp −$16	99.6 bp −$996	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	−0.0126%	4h	0.07545	−0.278%	$122K	$95K	30x	as long as short
BloFin HYPER-USDT	+0.0058%	4h	0.07554	−0.159%	$193K	$21K	50x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07562	−0.058%	$72K	$136K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07566	−0.003%	$21K	$4K	5x	as long as short
Binance HYPERUSDTshort	+0.0100%	4h	0.07560	−0.078%	$2.1M	$2.2M	50x
Bybit HYPERUSDTlong	+0.0100%	4h	0.07566	long leg	$1.2M	$756K	25x
Gate HYPER_USDT	+0.0100%	4h	0.07560	−0.079%	$88K	$48K	50x	as long as short
MEXC HYPER_USDT	+0.0100%	4h	0.07562	−0.053%	$251K	$134K	20x	as long as short
Bitget HYPERUSDT	+0.0100%	4h	0.07563	−0.040%	$319K	$273K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07565	−0.015%	$6K	$1K	—	as long as short