Funding you earn now, next payment 00:00 UTC+0.0610%/8h= +66.8% APRpaid last 24h +0.156%
Price spread now: Hyperliquid against Bybit+0.178%7-day average +0.165% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1000.996% of the position
Funding, last 7 days+0.231%+$23 on $10k
+Price spread, last 7 days−0.101%−$10 · spread now +0.178%, 7d avg +0.165%
=Together, before fees+0.130%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.165%, so right now this pair is about funding alone: +$18 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 0.231% in total (about 12.0% 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 | Bybit CFXUSDT | 0.05401 | 0.0100 | pay 0.0100% / 8h | 3m 50s | $2.4M | $1.8M | 25x |
| Short | Hyperliquid CFX | 0.05411 | 0.0710 | get 0.0089% / 1h | 3m 50s | $3.2M | $388K | 5x |
Bybit CFXUSDT
Hyperliquid CFXFunding 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
- $128.11
- Price spread: +0.178% → +0.165%
- $1.24
- Slippage, 4 orders
- −$79.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $29.72
- Costs to cover
- 0.996%
- Break-even
- 5.4 days
Slippage from Bybit: live order book, 3 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, 3 min ago | 3.71 bp | 26.9 bp −$27 | 182.9 bp −$1,829 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.02 bp | 22.6 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05399 | −0.043% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05402 | +0.019% | $5.4M | $11.0M | 75x | as long as short |
| Bybit CFXUSDTlong | +0.0100% | 8h | 0.05401 | long leg | $2.4M | $1.8M | 25x | |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05394 | −0.130% | $2.5M | $6.2M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05401 | 0.000% | $1.1M | $3.0M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05403 | +0.037% | $3.5M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05399 | −0.037% | $889K | $294K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05395 | −0.111% | $1.6M | $1.5M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05401 | 0.000% | — | $20.7M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05393 | −0.152% | $38K | $41K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05387 | −0.265% | $511K | $1.9M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05398 | −0.062% | $134 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0400% | 1h | 0.05402 | +0.019% | $35K | $160K | 50x | as long as short |
| Hyperliquid CFXshort | +0.0710% | 1h | 0.05411 | +0.178% | $3.2M | $388K | 5x | |
| Kraken Futures PF_CFXUSD | +0.1099% | 1h | 0.05413 | +0.225% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2340% | 1h | 0.05419 | +0.333% | $143 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL