Funding you earn now, next payment 04:00 UTC−0.0318%/8h= −34.9% APRpaid last 24h −0.240%
Price spread now: Bybit against Hyperliquid+0.331%7-day average +0.220% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1881.880% of the position
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now +0.331%, 7d avg +0.220%
=Together, before fees−0.183%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.112% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.331% now, against its 7-day average of +0.220%): +$11 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.135% in total) that is about 5.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.0% 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 MINA | 0.1268 | 0.0100 | pay 0.0013% / 1h | 49m 03s | $3.2M | $2.5M | 3x |
| Short | Bybit MINAUSDT | 0.1272 | −0.0219 | pay 0.0109% / 4h | 49m 03s | $4.4M | $5.9M | 25x |
Hyperliquid MINA
Bybit MINAUSDTFunding 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
- −$66.88
- Price spread: +0.331% → +0.220%
- $11.18
- Slippage, 4 orders
- −$168.05
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$243.76
- Costs to cover
- 1.880%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; Bybit: live order book, 4 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 Hyperliquid live order book, 2 min ago | 4.33 bp | 44.1 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.17 bp | 54.4 bp −$54 | 154.2 bp −$1,542 | doesn't fit | doesn't fit |
MINA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.2591% | 1h | 0.1273 | +0.429% | $20K | $82K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0387% | 4h | 0.1270 | +0.205% | $1.8M | $15.8M | 20x | as long as short |
| Bybit MINAUSDTshort | −0.0219% | 4h | 0.1272 | +0.331% | $4.4M | $5.9M | 25x | |
| Gate MINA_USDT | −0.0188% | 8h | 0.1266 | −0.087% | $402K | $819K | 50x | as long as short |
| KuCoin MINAUSDTM | −0.0133% | 8h | 0.1269 | +0.095% | $742K | $509K | 30x | as long as short |
| MEXC MINA_USDT | −0.0087% | 8h | 0.1268 | +0.032% | $1.1M | $1.3M | 50x | as long as short |
| Binance MINAUSDT | −0.0084% | 8h | 0.1270 | +0.189% | $4.3M | $31.4M | 50x | as long as short |
| BloFin MINA-USDT | −0.0075% | 8h | 0.1268 | +0.071% | $243K | $258K | 50x | as long as short |
| Bitget MINAUSDT | −0.0073% | 8h | 0.1269 | +0.118% | $1.8M | $3.6M | 50x | as long as short |
| BingX MINA-USDT | −0.0070% | 8h | 0.1269 | +0.095% | — | $2.7M | — | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
Gate MINA_USDT
KuCoin MINAUSDTM
MEXC MINA_USDT
Binance MINAUSDT
BloFin MINA-USDT
Bitget MINAUSDT
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINAlong | +0.0100% | 1h | 0.1268 | long leg | $3.2M | $2.5M | 3x | |
| Variational Omni MINA | +0.0100% | 4h | 0.1270 | +0.219% | $409K | $86K | — | as long as short |
Variational Omni MINA