Funding you earn now, next payment 22:00 UTC−0.1888%/8h= −206.7% APRpaid last 24h −0.497%
Price spread now: Bybit against Hyperliquid−0.395%7-day average −0.418% · you buy dearer than you sell
Net, funding: paid 7d − costs−$326as in the Funding arb table
Net, price: spread back to 7d avg − costs−$261as in the Price arb table
costs, in and out, $10k−$2632.630% of the position
Funding, last 7 days−0.633%−$63 on $10k
+Price spread, last 7 days+0.065%+$7 · spread now −0.395%, 7d avg −0.418%
=Together, before fees−0.568%+ Points / potential airdropHyperliquid: Season 2 · farm board−$57 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.023% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.395% now, against its 7-day average of −0.418%): +$2 on $10k if it goes back. Holding the pair costs −$57 a day in funding at the current rate, which eats that in about under an hour. At the pace of the last 7 days (−0.633% in total) that is about 6 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.633% in total (about -33.0% 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 HMSTR | 0.0001770 | 0.1988 | pay 0.0249% / 1h | 47m 07s | $1.9M | $281K | 3x |
| Short | Bybit HMSTRUSDT | 0.0001763 | 0.0100 | get 0.0050% / 4h | 2h 47m | $1.5M | $618K | 25x |
Hyperliquid HMSTR
Bybit HMSTRUSDTFunding 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
- −$396.5
- Price spread: −0.395% → −0.418%
- $2.26
- Slippage, 4 orders
- −$243.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$657.26
- Costs to cover
- 2.630%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 28.17 bp | 43.2 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.84 bp | 76.1 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
HMSTR on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX HMSTR-USDT | +0.0070% | 4h | 0.0001761 | −0.508% | — | $1.3M | — | as long as short |
| Aster HMSTRUSDT | +0.0100% | 4h | 0.0001763 | −0.373% | $33K | $7K | 5x | as long as short |
| Binance HMSTRUSDT | +0.0100% | 4h | 0.0001763 | −0.424% | $2.2M | $2.5M | 10x | as long as short |
| Bybit HMSTRUSDTshort | +0.0100% | 4h | 0.0001763 | −0.395% | $1.5M | $618K | 25x | |
| OKX HMSTR-USDT-SWAP | +0.0100% | 4h | 0.0001764 | −0.339% | $588K | $968K | 10x | as long as short |
| Gate HMSTR_USDT | +0.0100% | 4h | 0.0001761 | −0.508% | $390K | $143K | 25x | as long as short |
| MEXC HMSTR_USDT | +0.0100% | 4h | 0.0001762 | −0.452% | $387K | $117K | 50x | as long as short |
| KuCoin HMSTRUSDTM | +0.0100% | 4h | 0.0001762 | −0.452% | $246K | $62K | 10x | as long as short |
| Variational Omni HMSTR | +0.0100% | 4h | 0.0001759 | −0.649% | $2K | $2K | — | as long as short |
| ApeX Omni HMSTRUSDT | +0.0100% | 1h | 0.0001760 | −0.565% | $13K | $621K | 50x | as long as short |
BingX HMSTR-USDT
Aster HMSTRUSDT
Binance HMSTRUSDT
OKX HMSTR-USDT-SWAP
Gate HMSTR_USDT
MEXC HMSTR_USDT
KuCoin HMSTRUSDTM
Variational Omni HMSTR
ApeX Omni HMSTRUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended kHMSTR-USD | +0.0104% | 1h | 0.0001763 | −0.422% | $918 | — | 5x | as long as short |
| Kraken Futures PF_HMSTRUSD | +0.1010% | 1h | 0.0001761 | −0.510% | $10K | $11K | 10x | as long as short |
| Hyperliquid HMSTRlong | +0.1988% | 1h | 0.0001770 | long leg | $1.9M | $281K | 3x |
Extended kHMSTR-USD
Kraken Futures PF_HMSTRUSD