Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid−0.075%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1181.183% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.075%, 7d avg −0.050%
=Together, before fees−0.107%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 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 0.025% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AXS | 1.0636 | 0.0100 | pay 0.0013% / 1h | 30m 24s | $261K | $294K | 5x |
| Short | Bybit AXSUSDT | 1.0628 | 0.0100 | get 0.0100% / 8h | 2h 30m | $3.2M | $3.6M | 75x |
Hyperliquid AXS
Bybit AXSUSDTFunding 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: −0.075% → −0.050%
- −$2.49
- Slippage, 4 orders
- −$98.32
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$120.81
- Costs to cover
- 1.183%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 53 min ago; Bybit: live order book, 2 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, 53 min ago | 2.82 bp | 28.7 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.47 bp | 29.4 bp −$29 | 89.9 bp −$899 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AXSUSD | −0.0338% | 1h | 1.0638 | +0.017% | $139K | $325K | 20x | as long as short |
| Injective AXS/USDC PERP | +0.0033% | 1h | 1.0720 | +0.790% | $5 | $47K | 5.5x | as long as short |
| BloFin AXS-USDT | +0.0044% | 4h | 1.0626 | −0.094% | $271K | $31K | 75x | as long as short |
| Orderly PERP_AXS_USDC | +0.0077% | 4h | 1.0630 | −0.056% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0654 | +0.169% | $28K | $36K | 5x | as long as short |
| Hyperliquid AXSlong | +0.0100% | 1h | 1.0636 | long leg | $261K | $294K | 5x | |
| Aster AXSUSDT | +0.0100% | 4h | 1.0638 | +0.021% | $72K | $11K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0631 | −0.047% | $5.9M | $9.4M | 75x | as long as short |
| Bybit AXSUSDTshort | +0.0100% | 8h | 1.0628 | −0.075% | $3.2M | $3.6M | 75x | |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0626 | −0.094% | $1.4M | $2.7M | 20x | as long as short |
Kraken Futures PF_AXSUSD
Injective AXS/USDC PERP
BloFin AXS-USDT
Orderly PERP_AXS_USDC
Lighter AXS
Aster AXSUSDT
Binance AXSUSDT
OKX AXS-USDT-SWAPShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate AXS_USDT | +0.0100% | 8h | 1.0631 | −0.047% | $959K | $1.0M | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0631 | −0.047% | $11.1M | $763K | 50x | as long as short |
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0630 | −0.056% | $573K | $294K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0630 | −0.056% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0630 | −0.056% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0617 | −0.182% | $36K | $4K | — | as long as short |
| GRVT AXS_USDT_Perp | +0.0100% | 4h | 1.0615 | −0.197% | $757K | $914K | 10x | as long as short |
| SunX AXS-USDT | +0.0100% | 4h | 1.0631 | −0.047% | $2K | $1.3M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0629 | −0.066% | $703 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0629 | −0.066% | $7K | $156K | 10x | as long as short |
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