Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0902%/8h= −98.8% APRpaid last 24h −0.083%

Price spread now: Bybit against Hyperliquid−0.166%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 7 days+0.201%+$20 · spread now −0.166%, 7d avg +0.002%

Together, before fees+0.080%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Bybit is 0.168% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% 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 FARTCOIN	0.1930	0.1002	pay 0.0125% / 1h	20m 39s	$42.7M	$26.5M	10x
Short	Bybit FARTCOINUSDT	0.1927	0.0100	get 0.0050% / 4h	2h 20m	$29.8M	$49.4M	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee BybitbpOrdersPrice spread, now −0.166%Rate

Funding earned: −$189.51
Price spread: −0.166% → +0.002%: −$16.77
Slippage, 4 orders: −$36.75
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$263.03
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	1.30 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.52 bp	15.5 bp −$15	47.5 bp −$475	doesn't fit	doesn't fit

FARTCOIN on 36 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
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S −0.0002%	1h	0.1926	−0.237%	$34K	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	+2.787%	$1K	$4K	5.5x	as long as short
Aster FARTCOINUSDT	+0.0100%	4h	0.1930	+0.002%	$77K	$189K	5x	as long as short
Pacifica FARTCOIN	+0.0100%	1h	0.1928	−0.099%	$181K	$404K	10x	as long as short
Bybit FARTCOINUSDTshort	+0.0100%	4h	0.1927	−0.166%	$29.8M	$49.4M	50x
Bulk FARTCOIN-USD	+0.0100%	1h	0.1930	−0.020%	$76K	$25K	10x	as long as short
MEXC FARTCOIN_USDT	+0.0100%	4h	0.1927	−0.145%	$32.0M	$14.0M	100x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0100%	1h	0.1929	−0.062%	$105K	$830K	10x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.1930	−0.026%	$2K	$1.7M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.1929	−0.062%	$154K	$7K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX FARTCOIN-USDT	+0.0100%	4h	0.1928	−0.088%	$67K	$174K	20x	as long as short
Aevo FARTCOIN-PERP	+0.0112%	1h	0.1930	−0.010%	$31K	—	3x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0121%	1h	0.1928	−0.124%	$85K	$248K	10x	as long as short
Bitget FARTCOINUSDT	+0.0122%	4h	0.1928	−0.114%	$13.4M	$15.0M	50x	as long as short
Binance FARTCOINUSDT	+0.0123%	4h	0.1928	−0.114%	$18.5M	$72.4M	75x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0133%	4h	0.1928	−0.114%	$4.5M	$13.5M	20x	as long as short
BingX FARTCOIN-USDT	+0.0136%	4h	0.1927	−0.166%	—	$14.6M	—	as long as short
GRVT FARTCOIN_USDT_Perp	+0.0144%	4h	0.1927	−0.166%	$242K	$4.4M	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0162%	4h	0.1930	−0.010%	$10.2M	$15.9M	50x	as long as short
Lighter FARTCOIN	+0.0192%	1h	0.1928	−0.088%	$579K	$904K	10x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0217%	1h	0.1928	−0.088%	$122K	$95K	25x	as long as short
Gate FARTCOIN_USDT	+0.0260%	4h	0.1928	−0.124%	$10.8M	$7.9M	75x	as long as short
Variational Omni FARTCOIN	+0.0279%	4h	0.1926	−0.203%	$814K	$2.5M	—	as long as short
Extended FARTCOIN-USD	+0.0288%	1h	0.1927	−0.152%	$200K	$2.1M	25x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0330% / S −0.0456%	1h	0.1925	−0.271%	$44K	—	100x	as long as short
BloFin FARTCOIN-USDT	+0.0368%	4h	0.1928	−0.114%	$956K	$1.8M	75x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1927	−0.145%	$0	—	5x	as long as short
Phoenix FARTCOIN	+0.0419%	1h	0.1928	−0.130%	$113K	$174K	10x	as long as short
ApeX Omni FARTCOINUSDT	+0.0438%	1h	0.1928	−0.114%	$24K	$223K	50x	as long as short
Arcus FARTCOIN-USD	+0.0480%	1h	0.1928	−0.114%	$14K	$111K	10x	as long as short
Nado FARTCOIN-PERP	+0.0488%	1h	0.1930	+0.016%	$776K	$682K	10x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0571%	4h	0.1930	−0.010%	$24K	$3K	20x	as long as short
01 Exchange FARTCOINUSD	+0.0848%	1h	0.1929	−0.067%	$391	$381	10x	as long as short
Kraken Futures PF_FARTCOINUSD	+0.0897%	1h	0.1929	−0.058%	$748K	$1.7M	50x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.0944%	1h	0.1935	+0.223%	$949K	$7.7M	50x	as long as short
Hyperliquid FARTCOINlong	+0.1002%	1h	0.1930	long leg	$42.7M	$26.5M	10x