Funding you earn now, next payment 22:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.027%
Price spread now: Bybit against Hyperliquid−0.283%7-day average −0.160% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$760.756% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.283%, 7d avg −0.160%
=Together, before fees+0.158%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.123% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.160%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% 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 STX | 0.3430 | 0.0392 | pay 0.0049% / 1h | 32m 44s | $1.5M | $1.0M | 5x |
| Short | Bybit STXUSDT | 0.3420 | 0.0100 | get 0.0100% / 8h | 2h 32m | $8.8M | $7.5M | 75x |
Hyperliquid STX
Bybit STXUSDTFunding 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
- −$61.42
- Price spread: −0.283% → −0.160%
- −$12.31
- Slippage, 4 orders
- −$55.57
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$149.3
- Costs to cover
- 0.756%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Bybit: live order book, 5 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, 8 min ago | 1.74 bp | 19.4 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.46 bp | 16.5 bp −$16 | 58.1 bp −$581 | doesn't fit | doesn't fit |
STX on 18 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_STXUSD | −0.1361% | 1h | 0.3428 | −0.050% | $76K | $159K | 20x | as long as short |
| Variational Omni STX | −0.0594% | 8h | 0.3422 | −0.211% | $813K | $307K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3427 | −0.086% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3441 | +0.332% | $4K | $148K | 12x | as long as short |
| BloFin STX-USDT | +0.0086% | 8h | 0.3428 | −0.047% | $434K | $243K | 20x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3427 | −0.080% | $128K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3424 | −0.163% | $8.0M | $20.3M | 75x | as long as short |
| Bybit STXUSDTshort | +0.0100% | 8h | 0.3420 | −0.283% | $8.8M | $7.5M | 75x | |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3422 | −0.222% | $2.4M | $6.6M | 20x | as long as short |
| Gate STX_USDT | +0.0100% | 8h | 0.3424 | −0.163% | $602K | $441K | 50x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
BloFin STX-USDT
Aster STXUSDT
Binance STXUSDT
OKX STX-USDT-SWAP
Gate STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC STX_USDT | +0.0100% | 8h | 0.3423 | −0.192% | $6.3M | $1.5M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3426 | −0.105% | $2.4M | $1.8M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3424 | −0.163% | $4.9M | $1.9M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3424 | −0.163% | — | $15.7M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3436 | +0.187% | $58K | $678K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3424 | −0.175% | $181K | $585K | 10x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3429 | −0.015% | $5K | — | 100x | as long as short |
| Hyperliquid STXlong | +0.0392% | 1h | 0.3430 | long leg | $1.5M | $1.0M | 5x |
MEXC STX_USDT
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
GMX STX/USD [WBTC.b-USDC]