Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid−0.180%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1131.134% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days+0.066%+$7 · spread now −0.180%, 7d avg −0.120%
=Together, before fees+0.077%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 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: Bybit is 0.060% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.120%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid W | 0.01167 | 0.0100 | pay 0.0013% / 1h | 22m 55s | $2.0M | $281K | 5x |
| Short | Bybit WUSDT | 0.01165 | 0.0100 | get 0.0050% / 4h | 2h 22m | $4.1M | $1.6M | 50x |
Hyperliquid W
Bybit WUSDTFunding 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: −0.180% → −0.120%
- −$6.03
- Slippage, 4 orders
- −$93.37
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$119.4
- Costs to cover
- 1.134%
- 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 | 4.29 bp | 22.7 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.30 bp | 36.0 bp −$36 | 113.4 bp −$1,134 | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0007% | 1h | 0.01166 | −0.111% | $14K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.599% | $1K | $1K | 12x | as long as short |
| Hyperliquid Wlong | +0.0100% | 1h | 0.01167 | long leg | $2.0M | $281K | 5x | |
| Binance WUSDT | +0.0100% | 4h | 0.01166 | −0.060% | $2.9M | $5.3M | 50x | as long as short |
| Bybit WUSDTshort | +0.0100% | 4h | 0.01165 | −0.180% | $4.1M | $1.6M | 50x | |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01166 | −0.086% | $1.3M | $1.6M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01168 | +0.060% | $426K | $242K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01166 | −0.060% | $12.2M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01164 | −0.257% | $388K | $190K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01167 | 0.000% | $1.3M | $549K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Binance WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01166 | −0.111% | — | $6.7M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01168 | +0.051% | $43K | $42K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01160 | −0.582% | $71K | $40K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01164 | −0.259% | $123K | $362K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01167 | −0.017% | $60K | $144K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0400% | 1h | 0.01178 | +0.900% | $14K | $13K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1750% | 1h | 0.01168 | +0.083% | $144K | $184K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD