Funding you earn now, next payment 22:00 UTC−0.1009%/8h= −110.4% APRpaid last 24h −0.158%
Price spread now: Bybit against Hyperliquid−0.274%7-day average −0.163% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1011.011% of the position
Funding, last 7 days−0.216%−$22 on $10k
+Price spread, last 7 days+0.188%+$19 · spread now −0.274%, 7d avg −0.163%
=Together, before fees−0.028%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Bybit is 0.111% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.163%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.216% in total (about -11.3% 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 | Hyperliquid CFX | 0.05357 | 0.1109 | pay 0.0139% / 1h | 50m 08s | $3.3M | $355K | 5x |
| Short | Bybit CFXUSDT | 0.05342 | 0.0100 | get 0.0100% / 8h | 2h 50m | $2.4M | $1.8M | 25x |
Hyperliquid CFX
Bybit CFXUSDTFunding 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
- −$211.8
- Price spread: −0.274% → −0.163%
- −$11.12
- Slippage, 4 orders
- −$81.06
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$323.98
- Costs to cover
- 1.011%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 1 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, 1 min ago | 3.45 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.81 bp | 33.6 bp −$34 | 326.9 bp −$3,269 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CFX_USDT | −0.0042% | 8h | 0.05339 | −0.330% | $1.1M | $3.0M | 50x | as long as short |
| Aster CFXUSDT | +0.0100% | 8h | 0.05339 | −0.329% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05344 | −0.237% | $5.4M | $11.2M | 75x | as long as short |
| Bybit CFXUSDTshort | +0.0100% | 8h | 0.05342 | −0.274% | $2.4M | $1.8M | 25x | |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05341 | −0.293% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05343 | −0.256% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05337 | −0.368% | $883K | $299K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05340 | −0.312% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05342 | −0.274% | — | $18.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05339 | −0.330% | $37K | $41K | — | as long as short |
Gate CFX_USDT
Aster CFXUSDT
Binance CFXUSDT
OKX CFX-USDT-SWAP
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 | 0.05349 | −0.145% | $505K | $2.0M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05343 | −0.255% | $132 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0384% | 1h | 0.05359 | +0.043% | $35K | $197K | 50x | as long as short |
| Hyperliquid CFXlong | +0.1109% | 1h | 0.05357 | long leg | $3.3M | $355K | 5x | |
| Kraken Futures PF_CFXUSD | +0.1697% | 1h | 0.05352 | −0.080% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2182% | 1h | 0.05359 | +0.043% | $141 | $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