Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit+0.028%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1081.078% of the position
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.028%, 7d avg +0.043%
=Together, before fees+0.151%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AXSUSDT | 1.0659 | 0.0100 | pay 0.0100% / 8h | 4h 44m | $3.7M | $4.2M | 75x |
| Short | Hyperliquid AXS | 1.0662 | 0.0100 | get 0.0013% / 1h | 44m 55s | $257K | $311K | 5x |
Funding 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
- $0
- Price spread: +0.028% → +0.043%
- −$1.44
- Slippage, 4 orders
- −$87.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$109.24
- Costs to cover
- 1.078%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Hyperliquid: live order book, 45 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, 3 min ago | 2.34 bp | 24.7 bp −$25 | 104.3 bp −$1,043 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 45 min ago | 2.79 bp | 25.4 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
AXS on 20 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 AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.572% | $5 | $47K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0057% | 4h | 1.0645 | −0.131% | $276K | $24K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0093% | 4h | 1.0650 | −0.084% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0678 | +0.178% | $32K | $41K | 5x | as long as short |
| Hyperliquid AXSshort | +0.0100% | 1h | 1.0662 | +0.028% | $257K | $311K | 5x | |
| Aster AXSUSDT | +0.0100% | 4h | 1.0652 | −0.063% | $73K | $14K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0652 | −0.066% | $6.0M | $10.2M | 75x | as long as short |
| Bybit AXSUSDTlong | +0.0100% | 8h | 1.0659 | long leg | $3.7M | $4.2M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0653 | −0.056% | $1.4M | $2.9M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0648 | −0.103% | $848K | $898K | 50x | as long as short |
Show all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AXS_USDT | +0.0100% | 4h | 1.0652 | −0.066% | $11.3M | $668K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0660 | +0.009% | $598K | $300K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0650 | −0.084% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0652 | −0.066% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0663 | +0.033% | $36K | $3K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0650 | −0.083% | $756K | $876K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0653 | −0.056% | $1K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0648 | −0.103% | $744 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0649 | −0.090% | $7K | $243K | 10x | as long as short |
| Kraken Futures PF_AXSUSD | +0.0441% | 1h | 1.0652 | −0.065% | $138K | $349K | 20x | as long as short |
Bybit AXSUSDT
Hyperliquid AXS
Injective AXS/USDC PERP
BloFin AXS-USDT
Lighter AXS
Aster AXSUSDT
Binance AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDT
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
GRVT AXS_USDT_Perp
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
Kraken Futures PF_AXSUSD