Funding you earn now, next payment 05:00 UTC−0.0550%/8h= −60.2% APRpaid last 24h −0.069%
Price spread now: Bybit against Hyperliquid−0.422%7-day average −0.383% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 7 days+0.108%+$11 · spread now −0.422%, 7d avg −0.383%
=Together, before fees−0.001%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bybit is 0.039% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.383%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% 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 | Hyperliquid LINEA | 0.002843 | 0.0650 | pay 0.0081% / 1h | 9m 56s | $2.7M | $284K | 3x |
| Short | Bybit LINEAUSDT | 0.002831 | 0.0100 | get 0.0050% / 4h | 3h 09m | $2.9M | $860K | 50x |
Hyperliquid LINEA
Bybit LINEAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. 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
- −$115.51
- Price spread: −0.422% → −0.383%
- −$3.93
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$139.44
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 1 min ago; Bybit: live order book, 2 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 Hyperliquid live order book, 1 min ago | 1.76 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.53 bp | 41.2 bp −$41 | 188.6 bp −$1,886 | doesn't fit | doesn't fit |
LINEA on 21 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 LINEA_USDC_PERP | −0.0009% | 1h | 0.002833 | −0.359% | $89K | $61K | 10x | as long as short |
| Injective LINEA/USDC PERP | +0.0033% | 1h | 0.002810 | −1.161% | $734 | $39K | 5.5x | as long as short |
| Lighter LINEA | +0.0096% | 1h | 0.002838 | −0.176% | $111K | $56K | 3x | as long as short |
| Aster LINEAUSDT | +0.0100% | 4h | 0.002835 | −0.283% | $20K | $2K | 5x | as long as short |
| Binance LINEAUSDT | +0.0100% | 4h | 0.002832 | −0.382% | $4.1M | $4.1M | 50x | as long as short |
| Bybit LINEAUSDTshort | +0.0100% | 4h | 0.002831 | −0.422% | $2.9M | $860K | 50x | |
| OKX LINEA-USDT-SWAP | +0.0100% | 4h | 0.002827 | −0.563% | $1.2M | $975K | 50x | as long as short |
| Gate LINEA_USDT | +0.0100% | 4h | 0.002838 | −0.176% | $231K | $79K | 50x | as long as short |
| MEXC LINEA_USDT | +0.0100% | 4h | 0.002833 | −0.352% | $3.9M | $1.1M | 100x | as long as short |
| KuCoin LINEAUSDTM | +0.0100% | 4h | 0.002837 | −0.211% | $565K | $61K | 50x | as long as short |
Backpack LINEA_USDC_PERP
Injective LINEA/USDC PERP
Lighter LINEA
Aster LINEAUSDT
Binance LINEAUSDT
OKX LINEA-USDT-SWAP
Gate LINEA_USDT
MEXC LINEA_USDT
KuCoin LINEAUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget LINEAUSDT | +0.0100% | 4h | 0.002836 | −0.246% | $1.1M | $478K | 50x | as long as short |
| BingX LINEA-USDT | +0.0100% | 4h | 0.002832 | −0.387% | — | $2.6M | — | as long as short |
| Variational Omni LINEA | +0.0100% | 4h | 0.002829 | −0.493% | $109K | $55K | — | as long as short |
| GRVT LINEA_USDT_Perp | +0.0100% | 4h | 0.002845 | +0.070% | $149K | $2.3M | 10x | as long as short |
| ApeX Omni LINEAUSDT | +0.0100% | 1h | 0.002830 | −0.457% | $2K | $20K | 50x | as long as short |
| SunX LINEA-USDT | +0.0100% | 4h | 0.002890 | +1.653% | $1K | $1.7M | 20x | as long as short |
| Extended LINEA-USD | +0.0104% | 1h | 0.002832 | −0.397% | $9K | $126K | 10x | as long as short |
| BloFin LINEA-USDT | +0.0115% | 4h | 0.002844 | +0.035% | $217K | $29K | 50x | as long as short |
| Reya LINEARUSDPERP | +0.0275% | 1h | 0.002832 | −0.375% | $4K | — | 3x | as long as short |
| GMX LINEA/USD [ETH-USDC] | L +0.0450% / S −0.0179% | 1h | 0.002832 | −0.387% | $32K | — | 100x | as long as short |
| Hyperliquid LINEAlong | +0.0650% | 1h | 0.002843 | long leg | $2.7M | $284K | 3x |
Bitget LINEAUSDT
BingX LINEA-USDT
Variational Omni LINEA
GRVT LINEA_USDT_Perp
ApeX Omni LINEAUSDT
SunX LINEA-USDT
Extended LINEA-USD
BloFin LINEA-USDT
Reya LINEARUSDPERP
GMX LINEA/USD [ETH-USDC]