Settings8H · net · $10k
Funding arb · Price arb /

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid+0.080%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$940.944% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.080%, 7d avg +0.037%
Together, before fees−0.076%+ Points / potential airdropHyperliquid: Season 2 · farm board−$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: Bitget is 0.043% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid HYPER0.075440.0100pay 0.0013% / 1h55m 28s$71K$135K3x
ShortBitget HYPERUSDT0.075500.0100get 0.0050% / 4h55m 28s$314K$283K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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

Funding earned
$0
Price spread: +0.080% → +0.037%
$4.29
Slippage, 4 orders
−$73.45
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$90.16
Costs to cover
0.944%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 34 min ago; Bitget: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 34 min ago3.31 bp17.0 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 60 min ago8.62 bp30.1 bp −$30150.6 bp −$1,506doesn't fitdoesn't fit

HYPER on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin HYPERUSDTM−0.0078%4h0.07536−0.106%$107K$89K30xas long as short
BloFin HYPER-USDT+0.0090%4h0.07515−0.384%$194K$21K50xas long as short
Hyperliquid HYPERlong+0.0100%1h0.07544long leg$71K$135K3x
Aster HYPERUSDT+0.0100%4h0.07550+0.083%$21K$4K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07546+0.027%$2.0M$2.2M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.07549+0.066%$1.2M$823K25xas long as short
Gate HYPER_USDT+0.0100%4h0.07540−0.053%$87K$42K50xas long as short
MEXC HYPER_USDT+0.0100%4h0.07545+0.013%$238K$129K20xas long as short
Bitget HYPERUSDTshort+0.0100%4h0.07550+0.080%$314K$283K50x
Variational Omni HYPER+0.0100%4h0.07552+0.109%$6K$1Kas long as short