Funding you earn now, next payment 22:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.028%
Price spread now: Hyperliquid against Bybit+0.091%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now +0.091%, 7d avg +0.069%
=Together, before fees−0.015%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.022% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.069%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit APTUSDT | 0.7732 | 0.0062 | pay 0.0062% / 8h | 2h 43m | $28.7M | $35.3M | 50x |
| Short | Hyperliquid APT | 0.7739 | 0.0100 | get 0.0013% / 1h | 43m 44s | $5.8M | $5.1M | 10x |
Bybit APTUSDT
Hyperliquid APTFunding 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
- $8.08
- Price spread: +0.091% → +0.069%
- $2.17
- Slippage, 4 orders
- −$30.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$40.6
- Costs to cover
- 0.509%
- Break-even
- 42.2 days
Slippage from Bybit: live order book, 5 min ago; Hyperliquid: live order book, 8 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, 5 min ago | 0.65 bp | 15.8 bp −$16 | 30.7 bp −$307 | 80.4 bp −$8,044 | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.95 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
APT on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange APTUSD | −0.0568% | 1h | 0.7700 | −0.414% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0366% | 1h | 0.7718 | −0.185% | $532K | $608K | 50x | as long as short |
| Variational Omni APT | −0.0116% | 8h | 0.7706 | −0.342% | $605K | $222K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0019% | 8h | 0.7718 | −0.181% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | −0.0016% | 1h | 0.7650 | −1.061% | $2K | $169K | 12x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0009% | 1h | 0.7719 | −0.168% | $16K | $327K | 50x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7720 | −0.160% | $21K | — | 150x | as long as short |
| Bybit APTUSDTlong | +0.0062% | 8h | 0.7732 | long leg | $28.7M | $35.3M | 50x | |
| Backpack APT_USDC_PERP | +0.0067% | 1h | 0.7727 | −0.065% | $196K | $365K | 20x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7730 | −0.026% | $424K | $343K | 10x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Deribit APT_USDC-PERPETUAL
gTrade (Gains Network) APT/USD
Backpack APT_USDC_PERP
Lighter APTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid APTshort | +0.0100% | 1h | 0.7739 | +0.091% | $5.8M | $5.1M | 10x | |
| Aster APTUSDT | +0.0100% | 8h | 0.7725 | −0.085% | $301K | $451K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7731 | −0.011% | $28.5M | $95.7M | 75x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7735 | +0.039% | $6.1M | $22.8M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7724 | −0.103% | $2.7M | $4.6M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7730 | −0.026% | $27.7M | $14.4M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7729 | −0.039% | $5.5M | $12.0M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7739 | +0.091% | $9.0M | $12.1M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7724 | −0.103% | — | $27.4M | — | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7720 | −0.155% | $64K | $574K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7702 | −0.388% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7718 | −0.181% | $55 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7712 | −0.259% | $261K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7730 | −0.028% | $82K | $479K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7720 | −0.155% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7722 | −0.126% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7712 | −0.259% | $1.5M | $762K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0280% | 1h | 0.7726 | −0.078% | $208K | $534K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0462% | 1h | 0.7720 | −0.158% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0519% | 1h | 0.7730 | −0.029% | $54K | $5K | 10x | as long as short |
Aster APTUSDT
Binance APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD