Settings8H · net · $10k
Funding arb · Price arb /

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget−0.024%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$940.944% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.024%, 7d avg −0.037%
Together, before fees+0.020%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPERUSDT0.075940.0100pay 0.0050% / 4h1h 18m$316K$283K50x
ShortHyperliquid HYPER0.075920.0100get 0.0013% / 1h18m 40s$72K$133K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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

Funding earned
$0
Price spread: −0.024% → −0.037%
$1.29
Slippage, 4 orders
−$73.45
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$93.16
Costs to cover
0.944%
Break-even
never at this rate
Slippage from Bitget: live order book, 36 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 36 min ago8.62 bp26.2 bp −$26149.2 bp −$1,492doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago3.31 bp21.2 bp −$21doesn't fitdoesn't fitdoesn't fit

HYPER on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin HYPERUSDTM−0.0124%4h0.07585−0.119%$107K$99K30xas long as short
Hyperliquid HYPERshort+0.0100%1h0.07592−0.024%$72K$133K3x
Aster HYPERUSDT+0.0100%4h0.07592−0.026%$21K$4K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07591−0.041%$2.1M$2.2M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.07591−0.040%$1.2M$830K25xas long as short
Gate HYPER_USDT+0.0100%4h0.07580−0.184%$88K$48K50xas long as short
MEXC HYPER_USDT+0.0100%4h0.07590−0.053%$239K$131K20xas long as short
Bitget HYPERUSDTlong+0.0100%4h0.07594long leg$316K$283K50x
Variational Omni HYPER+0.0100%4h0.07600+0.080%$6K$1Kas long as short
BloFin HYPER-USDT+0.0150%4h0.07588−0.079%$194K$21K50xas long as short