Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.006%7-day average +0.145% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.006%, 7d avg +0.145%
=Together, before fees+0.276%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 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: Hyperliquid is 0.152% cheaper against Bybit than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.145%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit INITUSDT | 0.08171 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $1.4M | $1.4M | 25x |
| Short | Hyperliquid INIT | 0.08170 | 0.0100 | get 0.0013% / 1h | 50m 20s | $297K | $235K | 3x |
Bybit INITUSDT
Hyperliquid INITFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $0
- Price spread: −0.006% → +0.145%
- −$15.16
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$35.16
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 1 min ago; Hyperliquid: live order book, 33 min ago. Net counts fees only.
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, 1 min ago | 4.29 bp | 43.6 bp −$44 | 80.7 bp −$807 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 33 min ago | 1.89 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin INIT-USDT | +0.0089% | 4h | 0.08171 | 0.000% | $154K | $110K | 25x | as long as short |
| Hyperliquid INITshort | +0.0100% | 1h | 0.08170 | −0.006% | $297K | $235K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08174 | +0.037% | $27K | $36K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08173 | +0.024% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDTlong | +0.0100% | 4h | 0.08171 | long leg | $1.4M | $1.4M | 25x | |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08179 | +0.098% | $132K | $631K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08171 | 0.000% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08172 | +0.012% | $444K | $215K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08180 | +0.110% | $325K | $56K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08172 | +0.012% | $427K | $311K | 25x | as long as short |
BloFin INIT-USDT
Aster INITUSDT
Binance INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08172 | +0.012% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08169 | −0.024% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0535% | 1h | 0.08175 | +0.043% | $6K | $17K | 10x | as long as short |
BingX INIT-USDT
Variational Omni INIT
Kraken Futures PF_INITUSD