Funding you earn now, next payment 00:00 UTC−0.1616%/8h= −176.9% APRpaid last 24h −0.279%
Price spread now: Bybit against Hyperliquid−0.314%7-day average −0.321% · you buy dearer than you sell
Net, funding: paid 7d − costs−$291as in the Funding arb table
Net, price: spread back to 7d avg − costs−$222as in the Price arb table
costs, in and out, $10k−$2222.223% of the position
Funding, last 7 days−0.682%−$68 on $10k
+Price spread, last 7 days+0.064%+$6 · spread now −0.314%, 7d avg −0.321%
=Together, before fees−0.618%+ Points / potential airdropHyperliquid: Season 2 · farm board−$62 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.321%, so right now this pair is about funding alone: −$48 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.682% in total (about -35.6% 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 APEX | 0.2577 | 0.1716 | pay 0.0214% / 1h | 4m 41s | $2.9M | $118K | 3x |
| Short | Bybit APEXUSDT | 0.2569 | 0.0100 | get 0.0050% / 4h | 4m 41s | $3.6M | $1.3M | 25x |
Hyperliquid APEX
Bybit APEXUSDTFunding 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
- −$339.35
- Price spread: −0.314% → −0.321%
- $0.69
- Slippage, 4 orders
- −$202.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$560.94
- Costs to cover
- 2.223%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Bybit: 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 Hyperliquid live order book, 7 min ago | 4.28 bp | 62.1 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 13.63 bp | 64.9 bp −$65 | 498.9 bp −$4,989 | doesn't fit | doesn't fit |
APEX on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit APEXUSDTshort | +0.0100% | 4h | 0.2569 | −0.314% | $3.6M | $1.3M | 25x | |
| MEXC APEX_USDT | +0.0100% | 4h | 0.2569 | −0.314% | $597K | $246K | 50x | as long as short |
| BingX APEX-USDT | +0.0100% | 4h | 0.2569 | −0.314% | — | $1.3M | — | as long as short |
| Variational Omni APEX | +0.0100% | 4h | 0.2569 | −0.328% | $19K | $6K | — | as long as short |
| ApeX Omni APEXUSDT | +0.0100% | 1h | 0.2559 | −0.702% | $136K | $470K | 50x | as long as short |
| BloFin APEX-USDT | +0.0132% | 4h | 0.2563 | −0.547% | $93K | $2K | 25x | as long as short |
| Lighter APEX | +0.1568% | 1h | 0.2578 | +0.027% | $54K | $21K | 5x | as long as short |
| Hyperliquid APEXlong | +0.1716% | 1h | 0.2577 | long leg | $2.9M | $118K | 3x |
MEXC APEX_USDT
BingX APEX-USDT
Variational Omni APEX
ApeX Omni APEXUSDT
BloFin APEX-USDT
Lighter APEX