Funding you earn now, next payment 06:00 UTC+0.0691%/8h= +75.6% APRpaid last 24h +0.130%
Price spread now: Hyperliquid against Bybit+0.159%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$680.679% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 7 days−0.181%−$18 · spread now +0.159%, 7d avg +0.018%
=Together, before fees−0.032%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hyperliquid is 0.141% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.018%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.148% in total (about 7.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KAITOUSDT | 0.3468 | 0.0100 | pay 0.0050% / 4h | 2h 33m | $4.3M | $7.9M | 75x |
| Short | Hyperliquid KAITO | 0.3473 | 0.0791 | get 0.0099% / 1h | 33m 20s | $2.0M | $848K | 5x |
Bybit KAITOUSDT
Hyperliquid KAITOFunding 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
- $145.03
- Price spread: +0.159% → +0.018%
- $14.1
- Slippage, 4 orders
- −$47.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $91.25
- Costs to cover
- 0.679%
- Break-even
- 2.6 days
Slippage from Bybit: live order book, 10 min ago; Hyperliquid: live order book, 8 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, 10 min ago | 1.43 bp | 16.9 bp −$17 | 77.4 bp −$774 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.29 bp | 13.4 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
KAITO on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack KAITO_USDC_PERP | −0.0279% | 1h | 0.3469 | +0.017% | $20K | $184K | 10x | as long as short |
| Injective KAITO/USDC PERP | −0.0060% | 1h | 0.3507 | +1.125% | $7K | $52K | 12x | as long as short |
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −2.814% | — | — | — | as long as short |
| BloFin KAITO-USDT | +0.0085% | 4h | 0.3465 | −0.087% | $556K | $67K | 75x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3468 | −0.008% | $117K | $50K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3468 | −0.008% | $18K | $14K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3469 | +0.029% | $10.6M | $17.1M | 75x | as long as short |
| Bybit KAITOUSDTlong | +0.0100% | 4h | 0.3468 | long leg | $4.3M | $7.9M | 75x | |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3467 | −0.029% | $4.2M | $10.7M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3469 | +0.029% | $651K | $1.7M | 75x | as long as short |
Backpack KAITO_USDC_PERP
Injective KAITO/USDC PERP
Reya KAITORUSDPERP
BloFin KAITO-USDT
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3465 | −0.087% | $3.1M | $1.1M | 50x | as long as short |
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3471 | +0.087% | $1.4M | $179K | 30x | as long as short |
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3466 | −0.058% | $4.3M | $3.5M | 75x | as long as short |
| BingX KAITO-USDC | +0.0100% | 4h | 0.3467 | −0.029% | — | $6.5M | — | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3488 | +0.576% | $44K | $211K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3486 | +0.525% | $247K | $2.5M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3487 | +0.548% | $29K | $261K | 50x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3467 | −0.037% | $3K | $2K | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3469 | +0.016% | $80K | $63K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3466 | −0.056% | $241K | — | 3x | as long as short |
| edgeX KAITOUSDC | +0.0109% | 4h | 0.3490 | +0.621% | $17K | $326K | 5x | as long as short |
| Paradex KAITO-USD-PERP | +0.0110% | 8h | 0.3466 | −0.044% | $4K | $604 | 10x | as long as short |
| Polymarket Perps KAITO-USD | +0.0115% | 1h | 0.3469 | +0.043% | $14K | $4.6M | 5x | as long as short |
| Kraken Futures PF_KAITOUSD | +0.0390% | 1h | 0.3468 | −0.005% | $243K | $154K | 10x | as long as short |
| Hyperliquid KAITOshort | +0.0791% | 1h | 0.3473 | +0.159% | $2.0M | $848K | 5x | |
| Lighter KAITO | +0.1456% | 1h | 0.3483 | +0.421% | $86K | $100K | 5x | as long as short |
| 01 Exchange KAITOUSD | +0.8608% | 1h | 0.3566 | +2.820% | $6K | $1K | 3x | as long as short |
MEXC KAITO_USDT
KuCoin KAITOUSDTM
Bitget KAITOUSDT
BingX KAITO-USDC
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Orderly PERP_KAITO_USDC_mythos
Extended KAITO-USD
Aevo KAITO-PERP
edgeX KAITOUSDC
Paradex KAITO-USD-PERP
Polymarket Perps KAITO-USD
Kraken Futures PF_KAITOUSD
Lighter KAITO
01 Exchange KAITOUSD