Funding you earn now, next payment 01:00 UTC−0.0177%/8h= −19.3% APRpaid last 24h −0.021%
Price spread now: Bybit against Hyperliquid−0.022%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$580.583% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days−0.037%−$4 · spread now −0.022%, 7d avg +0.003%
=Together, before fees−0.041%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.025% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.003%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ATOM | 1.8067 | 0.0100 | pay 0.0013% / 1h | 43m 02s | $2.8M | $858K | 5x |
| Short | Bybit ATOMUSDT | 1.8063 | −0.0077 | pay 0.0077% / 8h | 7h 43m | $15.1M | $10.8M | 75x |
Hyperliquid ATOM
Bybit ATOMUSDTFunding 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
- −$37.08
- Price spread: −0.022% → +0.003%
- −$2.49
- Slippage, 4 orders
- −$38.32
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$97.9
- Costs to cover
- 0.583%
- 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 | 1.66 bp | 15.3 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.78 bp | 13.7 bp −$14 | 32.2 bp −$322 | 102.8 bp −$10.3K | doesn't fit |
ATOM on 25 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 ATOM_USDC-PERPETUAL | −0.0082% | 1h | 1.8080 | +0.072% | $497 | $10K | 25x | as long as short |
| Bybit ATOMUSDTshort | −0.0077% | 8h | 1.8063 | −0.022% | $15.1M | $10.8M | 75x | |
| OKX ATOM-USDT-SWAP | −0.0071% | 8h | 1.8070 | +0.017% | $5.1M | $5.5M | 50x | as long as short |
| Variational Omni ATOM | −0.0063% | 8h | 1.8002 | −0.359% | $575K | $80K | — | as long as short |
| Phemex ATOMUSDT | −0.0011% | 8h | 1.8070 | +0.017% | $1.6M | $1.9M | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8067 | +0.001% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L 0.0000% / S +0.0001% | 1h | 1.8076 | +0.053% | $9K | — | 150x | as long as short |
| Coinbase International ATOM-PERP-INTX | +0.0080% | 1h | 1.8080 | +0.072% | $25K | $12K | 25x | as long as short |
| Hyperliquid ATOMlong | +0.0100% | 1h | 1.8067 | long leg | $2.8M | $858K | 5x | |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8053 | −0.077% | $982K | $230K | 20x | as long as short |
Deribit ATOM_USDC-PERPETUAL
OKX ATOM-USDT-SWAP
Variational Omni ATOM
Phemex ATOMUSDT
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Coinbase International ATOM-PERP-INTX
Aster ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDT | +0.0100% | 8h | 1.8088 | +0.114% | $21.5M | $31.5M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8060 | −0.039% | $2.5M | $850K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8060 | −0.039% | $9.1M | $3.0M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8070 | +0.017% | $1.6M | $794K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8089 | +0.122% | $6.8M | $2.8M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8070 | +0.017% | — | $24.8M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8054 | −0.073% | $444K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8055 | −0.064% | $770K | $2.9M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8040 | −0.149% | $309K | $166K | 75x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8070 | +0.017% | $5K | $219K | 10x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0121% | 1h | 1.8098 | +0.169% | $3.1M | $696K | 50x | as long as short |
| BloFin ATOM-USDT | +0.0123% | 8h | 1.8080 | +0.072% | $1.1M | $325K | 75x | as long as short |
| Injective ATOM/USDC PERP | +0.0132% | 1h | 1.8080 | +0.072% | $660 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8082 | +0.082% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8059 | −0.042% | $2K | — | 25x | as long as short |
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Extended ATOM-USD
Kraken Futures PF_ATOMUSD
BloFin ATOM-USDT
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP