Funding you earn now, next payment 22:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.006%
Price spread now: Hyperliquid against Bybit+0.151%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$580.578% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days−0.120%−$12 · spread now +0.151%, 7d avg +0.079%
=Together, before fees−0.130%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.071% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.079%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TIAUSDT | 0.4310 | −0.0007 | get 0.0003% / 4h | 2h 08m | $9.4M | $13.0M | 50x |
| Short | Hyperliquid TIA | 0.4316 | 0.0100 | get 0.0013% / 1h | 8m 51s | $4.2M | $1.5M | 5x |
Bybit TIAUSDT
Hyperliquid TIAFunding 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
- $22.39
- Price spread: +0.151% → +0.079%
- $7.15
- Slippage, 4 orders
- −$37.83
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$28.29
- Costs to cover
- 0.578%
- Break-even
- 15.8 days
Slippage from Bybit: live order book, 9 min ago; Hyperliquid: live order book, 3 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, 9 min ago | 2.31 bp | 15.5 bp −$15 | 37.2 bp −$372 | 174.3 bp −$17.4K | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.93 bp | 12.4 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
TIA 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TIAUSD | −0.0390% | 1h | 0.4314 | +0.081% | $355K | $239K | 50x | as long as short |
| Gate TIA_USDT | −0.0064% | 4h | 0.4311 | +0.023% | $994K | $1.8M | 75x | as long as short |
| KuCoin TIAUSDTM | −0.0042% | 4h | 0.4310 | 0.000% | $4.2M | $8.5M | 50x | as long as short |
| OKX TIA-USDT-SWAP | −0.0026% | 4h | 0.4309 | −0.023% | $2.7M | $5.8M | 50x | as long as short |
| Bybit TIAUSDTlong | −0.0007% | 4h | 0.4310 | long leg | $9.4M | $13.0M | 50x | |
| Deribit TIA_USDC-PERPETUAL | 0.0000% | 1h | 0.4315 | +0.116% | $30K | $27K | 25x | as long as short |
| gTrade (Gains Network) TIA/USD | L +0.0002% / S 0.0000% | 1h | 0.4315 | +0.117% | $1K | — | 150x | as long as short |
| ApeX Omni TIAUSDT | +0.0018% | 1h | 0.4315 | +0.116% | $49K | $236K | 50x | as long as short |
| Variational Omni TIA | +0.0068% | 4h | 0.4308 | −0.037% | $101K | $85K | — | as long as short |
| Lighter TIA | +0.0096% | 1h | 0.4316 | +0.142% | $127K | $353K | 10x | as long as short |
Kraken Futures PF_TIAUSD
Gate TIA_USDT
KuCoin TIAUSDTM
OKX TIA-USDT-SWAP
Deribit TIA_USDC-PERPETUAL
gTrade (Gains Network) TIA/USD
ApeX Omni TIAUSDT
Variational Omni TIA
Lighter TIAShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_TIA_USDC | +0.0098% | 4h | 0.4312 | +0.046% | $5K | $360K | 10x | as long as short |
| Hyperliquid TIAshort | +0.0100% | 1h | 0.4316 | +0.151% | $4.2M | $1.5M | 5x | |
| Aster TIAUSDT | +0.0100% | 4h | 0.4315 | +0.115% | $34K | $272K | 10x | as long as short |
| Binance TIAUSDT | +0.0100% | 4h | 0.4313 | +0.058% | $14.1M | $41.0M | 75x | as long as short |
| MEXC TIA_USDT | +0.0100% | 4h | 0.4313 | +0.070% | $9.1M | $5.6M | 300x | as long as short |
| Bitget TIAUSDT | +0.0100% | 4h | 0.4310 | 0.000% | $4.4M | $3.5M | 75x | as long as short |
| BingX TIA-USDT | +0.0100% | 4h | 0.4310 | 0.000% | — | $101.0M | — | as long as short |
| Backpack TIA_USDC_PERP | +0.0100% | 1h | 0.4313 | +0.065% | $100K | $151K | 10x | as long as short |
| HTX TIA-USDT | +0.0100% | 4h | 0.4312 | +0.046% | $63K | $38K | 50x | as long as short |
| Extended TIA-USD | +0.0104% | 1h | 0.4310 | −0.004% | $58K | $165K | 25x | as long as short |
| Aevo TIA-PERP | +0.0104% | 1h | 0.4314 | +0.081% | $7K | — | 3x | as long as short |
| Reya TIARUSDPERP | +0.0178% | 1h | 0.4311 | +0.024% | $6K | — | 15x | as long as short |
| Coinbase International TIA-PERP-INTX | +0.0200% | 1h | 0.4345 | +0.812% | $48K | $72K | 50x | as long as short |
| Injective TIA/USDC PERP | +0.0210% | 1h | 0.4318 | +0.186% | $26K | $10K | 12x | as long as short |
| BloFin TIA-USDT | +0.0340% | 4h | 0.4314 | +0.093% | $1.0M | $540K | 75x | as long as short |
| GMX TIA/USD [ETH-USDC] | L +0.0456% / S −0.3505% | 1h | 0.4314 | +0.098% | $35K | — | 100x | as long as short |
| dYdX TIA-USD | +0.0793% | 1h | 0.4316 | +0.131% | $51K | $59 | 10x | as long as short |
Orderly PERP_TIA_USDC
Aster TIAUSDT
Binance TIAUSDT
MEXC TIA_USDT
Bitget TIAUSDT
BingX TIA-USDT
Backpack TIA_USDC_PERP
HTX TIA-USDT
Extended TIA-USD
Aevo TIA-PERP
Reya TIARUSDPERP
Coinbase International TIA-PERP-INTX
Injective TIA/USDC PERP
BloFin TIA-USDT
GMX TIA/USD [ETH-USDC]
dYdX TIA-USD