Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.110%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1441.444% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.110%, 7d avg −0.072%
=Together, before fees−0.038%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.038% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUALUSDT | 0.01358 | 0.0100 | pay 0.0050% / 4h | 2h 24m | $1.0M | $946K | 25x |
| Short | Hyperliquid USUAL | 0.01357 | 0.0100 | get 0.0013% / 1h | 24m 11s | $388K | $230K | 3x |
Bybit USUALUSDT
Hyperliquid USUALFunding 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
- $0
- Price spread: −0.110% → −0.072%
- −$3.8
- Slippage, 4 orders
- −$124.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$148.2
- Costs to cover
- 1.444%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 51 min ago; Hyperliquid: live order book, 60 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, 51 min ago | 4.43 bp | 33.9 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 60 min ago | 7.38 bp | 40.7 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4964% | 1h | 0.01338 | −1.509% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0743% | 1h | 0.01358 | −0.066% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUALshort | +0.0100% | 1h | 0.01357 | −0.110% | $388K | $230K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01357 | −0.143% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDTlong | +0.0100% | 4h | 0.01358 | long leg | $1.0M | $946K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01357 | −0.110% | $906K | $251K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01357 | −0.103% | $5.9M | $268K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01360 | +0.110% | $281K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01358 | −0.037% | $823K | $506K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01358 | −0.015% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01357 | −0.099% | $9K | $208 | — | as long as short |
Variational Omni USUAL