Funding you earn now, next payment 06:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid−0.040%7-day average +0.068% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.040%, 7d avg +0.068%
=Together, before fees+0.118%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.108% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.068%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ME | 0.07480 | 0.0100 | pay 0.0013% / 1h | 18m 53s | $234K | $111K | 3x |
| Short | Bybit MEUSDT | 0.07477 | 0.0008 | get 0.0004% / 4h | 2h 18m | $1.5M | $822K | 25x |
Hyperliquid ME
Bybit MEUSDTFunding 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
- −$19.39
- Price spread: −0.040% → +0.068%
- −$10.81
- 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
- −$50.2
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 50 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, 50 min ago | 1.99 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 7.37 bp | 42.8 bp −$43 | 304.5 bp −$3,045 | doesn't fit | doesn't fit |
ME 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MEUSDTshort | +0.0008% | 4h | 0.07477 | −0.040% | $1.5M | $822K | 25x | |
| BloFin ME-USDT | +0.0096% | 4h | 0.07465 | −0.201% | $107K | $9K | 50x | as long as short |
| Hyperliquid MElong | +0.0100% | 1h | 0.07480 | long leg | $234K | $111K | 3x | |
| Aster MEUSDT | +0.0100% | 4h | 0.07479 | −0.009% | $13K | $21K | 5x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07480 | −0.004% | $2.1M | $4.1M | 50x | as long as short |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07476 | −0.053% | $472K | $1.2M | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07470 | −0.134% | $193K | $75K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07479 | −0.013% | $496K | $131K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07474 | −0.080% | $214K | $32K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07477 | −0.040% | $640K | $437K | 25x | as long as short |
BloFin ME-USDT
Aster MEUSDT
Binance MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ME-USDT | +0.0100% | 4h | 0.07474 | −0.080% | — | $1.3M | — | as long as short |
| Variational Omni ME | +0.0100% | 4h | 0.07452 | −0.378% | $12K | $2K | — | as long as short |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07486 | +0.077% | $26K | — | 15x | as long as short |
BingX ME-USDT
Variational Omni ME
Reya MERUSDPERP