Funding you earn now, next payment 05:00 UTC−0.0496%/8h= −54.3% APRpaid last 24h −0.025%
Price spread now: Bybit against Hyperliquid−0.244%7-day average −0.099% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 7 days+0.142%+$14 · spread now −0.244%, 7d avg −0.099%
=Together, before fees+0.027%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bybit is 0.144% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.099%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.0% 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 | Hyperliquid HBAR | 0.09320 | 0.0596 | pay 0.0075% / 1h | 9m 34s | $9.4M | $3.2M | 5x |
| Short | Bybit HBARUSDT | 0.09297 | 0.0100 | get 0.0100% / 8h | 3h 09m | $32.7M | $35.4M | 75x |
Hyperliquid HBAR
Bybit HBARUSDTFunding 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
- −$104.19
- Price spread: −0.244% → −0.099%
- −$14.44
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$138.63
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 3 min ago; Bybit: live order book, 4 min ago. Net counts fees only.
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 | 1.01 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.53 bp | 9.7 bp −$10 | 23.0 bp −$230 | 74.5 bp −$7,450 | doesn't fit |
HBAR on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX HBAR-USD | 0.0000% | 1h | 0.09303 | −0.176% | $30K | $4K | 5x | as long as short |
| Deribit HBAR_USDC-PERPETUAL | 0.0000% | 1h | 0.09313 | −0.072% | $513K | $190K | 50x | as long as short |
| gTrade (Gains Network) HBAR/USD | L +0.0007% / S −0.0011% | 1h | 0.09309 | −0.118% | $9K | — | 150x | as long as short |
| Injective HBAR/USDC PERP | +0.0033% | 1h | 0.09282 | −0.405% | $1K | $105K | 12x | as long as short |
| Coinbase International HBAR-PERP-INTX | +0.0080% | 1h | 0.09320 | +0.003% | $230K | $2.3M | 50x | as long as short |
| Orderly PERP_HBAR_USDC | +0.0080% | 8h | 0.09309 | −0.115% | $2K | $14K | 10x | as long as short |
| Lighter HBAR | +0.0096% | 1h | 0.09306 | −0.147% | $561K | $619K | 5x | as long as short |
| Aster HBARUSDT | +0.0100% | 8h | 0.09305 | −0.153% | $200K | $335K | 50x | as long as short |
| Binance HBARUSDT | +0.0100% | 8h | 0.09299 | −0.224% | $34.3M | $110.9M | 75x | as long as short |
| Bybit HBARUSDTshort | +0.0100% | 8h | 0.09297 | −0.244% | $32.7M | $35.4M | 75x |
dYdX HBAR-USD
Deribit HBAR_USDC-PERPETUAL
gTrade (Gains Network) HBAR/USD
Injective HBAR/USDC PERP
Coinbase International HBAR-PERP-INTX
Orderly PERP_HBAR_USDC
Lighter HBAR
Aster HBARUSDT
Binance HBARUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX HBAR-USDT-SWAP | +0.0100% | 8h | 0.09298 | −0.233% | $6.6M | $25.6M | 50x | as long as short |
| Gate HBAR_USDT | +0.0100% | 8h | 0.09305 | −0.158% | $2.4M | $2.7M | 75x | as long as short |
| MEXC HBAR_USDT | +0.0100% | 8h | 0.09301 | −0.201% | $25.6M | $19.9M | 200x | as long as short |
| KuCoin HBARUSDTM | +0.0100% | 8h | 0.09305 | −0.158% | $7.5M | $7.4M | 75x | as long as short |
| Bitget HBARUSDT | +0.0100% | 8h | 0.09303 | −0.179% | $17.0M | $15.7M | 75x | as long as short |
| BingX HBAR-USDC | +0.0100% | 8h | 0.09299 | −0.222% | — | $6.7M | — | as long as short |
| Backpack HBAR_USDC_PERP | +0.0100% | 1h | 0.09307 | −0.136% | $36K | $201K | 15x | as long as short |
| Variational Omni HBAR | +0.0100% | 8h | 0.09341 | +0.226% | $1.0M | $188K | — | as long as short |
| GRVT HBAR_USDT_Perp | +0.0100% | 8h | 0.09356 | +0.393% | $384K | $2.8M | 10x | as long as short |
| ApeX Omni HBARUSDT | +0.0100% | 1h | 0.09362 | +0.454% | $151K | $713K | 50x | as long as short |
| SoDEX HBAR-USD | +0.0100% | 1h | 0.09311 | −0.093% | $432 | $5K | 5x | as long as short |
| HTX HBAR-USDT | +0.0100% | 8h | 0.09326 | +0.068% | $71K | $68K | 20x | as long as short |
| Phemex HBARUSDT | +0.0100% | 8h | 0.09315 | −0.050% | $2.1M | $2.2M | 50x | as long as short |
| Extended HBAR-USD | +0.0104% | 1h | 0.09298 | −0.229% | $48K | $241K | 10x | as long as short |
| BloFin HBAR-USDT | +0.0220% | 8h | 0.09345 | +0.271% | $1.5M | $5.6M | 90x | as long as short |
| Kraken Futures PF_HBARUSD | +0.0361% | 1h | 0.09314 | −0.066% | $1.3M | $3.0M | 50x | as long as short |
| Hyperliquid HBARlong | +0.0596% | 1h | 0.09320 | long leg | $9.4M | $3.2M | 5x | |
| GMX HBAR/USD [WBTC.b-USDC] | L +0.0620% / S −0.0663% | 1h | 0.09308 | −0.128% | $158K | — | 100x | as long as short |
OKX HBAR-USDT-SWAP
Gate HBAR_USDT
MEXC HBAR_USDT
KuCoin HBARUSDTM
Bitget HBARUSDT
BingX HBAR-USDC
Backpack HBAR_USDC_PERP
Variational Omni HBAR
GRVT HBAR_USDT_Perp
ApeX Omni HBARUSDT
SoDEX HBAR-USD
HTX HBAR-USDT
Phemex HBARUSDT
Extended HBAR-USD
BloFin HBAR-USDT
Kraken Futures PF_HBARUSD
GMX HBAR/USD [WBTC.b-USDC]