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: Bitget against Bybit−0.013%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1101.096% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.013%, 7d avg +0.032%

Together, before fees+0.060%+$6 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: Bitget is 0.045% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HYPERUSDT	0.07593	0.0100	pay 0.0050% / 4h	1h 16m	$1.2M	$830K	25x
Short	Bitget HYPERUSDT	0.07592	0.0100	get 0.0050% / 4h	1h 16m	$316K	$283K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.032%: −$4.49
Slippage, 4 orders: −$86.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$114.1
Costs to cover: 1.096%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 39 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, 5 min ago	4.61 bp	25.4 bp −$25	392.0 bp −$3,920	doesn't fit	doesn't fit
Sell Bitget live order book, 39 min ago	8.62 bp	30.1 bp −$30	150.6 bp −$1,506	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	−0.0112%	4h	0.07588	−0.066%	$107K	$99K	30x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07593	−0.003%	$72K	$133K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07593	−0.005%	$21K	$4K	5x	as long as short
Binance HYPERUSDT	+0.0100%	4h	0.07590	−0.045%	$2.1M	$2.2M	50x	as long as short
Bybit HYPERUSDTlong	+0.0100%	4h	0.07593	long leg	$1.2M	$830K	25x
Gate HYPER_USDT	+0.0100%	4h	0.07590	−0.040%	$88K	$48K	50x	as long as short
MEXC HYPER_USDT	+0.0100%	4h	0.07590	−0.040%	$239K	$131K	20x	as long as short
Bitget HYPERUSDTshort	+0.0100%	4h	0.07592	−0.013%	$316K	$283K	50x
Variational Omni HYPER	+0.0100%	4h	0.07591	−0.033%	$6K	$1K	—	as long as short
BloFin HYPER-USDT	+0.0132%	4h	0.07588	−0.066%	$195K	$21K	50x	as long as short