Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid+0.051%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1441.438% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.051%, 7d avg +0.069%
=Together, before fees+0.118%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USUAL | 0.01384 | 0.0100 | pay 0.0013% / 1h | 39m 59s | $396K | $179K | 3x |
| Short | Bybit USUALUSDT | 0.01385 | 0.0100 | get 0.0050% / 4h | 1h 39m | $1.0M | $744K | 25x |
Hyperliquid USUAL
Bybit USUALUSDTFunding 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
- $0
- Price spread: +0.051% → +0.069%
- −$1.86
- Slippage, 4 orders
- −$123.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$145.61
- Costs to cover
- 1.438%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 60 min ago; Bybit: live order book, just now.
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, 60 min ago | 3.64 bp | 50.0 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 3.25 bp | 40.0 bp −$40 | 224.3 bp −$2,243 | 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 | −0.4981% | 1h | 0.01362 | −1.590% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0751% | 1h | 0.01382 | −0.127% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUALlong | +0.0100% | 1h | 0.01384 | long leg | $396K | $179K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01383 | −0.079% | $2.2M | $3.2M | 50x | as long as short |
| Bybit USUALUSDTshort | +0.0100% | 4h | 0.01385 | +0.051% | $1.0M | $744K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01385 | +0.072% | $936K | $102K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01383 | −0.079% | $6.0M | $227K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01384 | 0.000% | $272K | $56K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01385 | +0.072% | $828K | $375K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01384 | 0.000% | — | $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 | 0.01383 | −0.070% | $10K | $208 | — | as long as short |
Variational Omni USUAL