Funding arb · Price arb /

HYPER

all HYPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit−0.023%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.023%, 7d avg −0.045%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.022% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HYPERUSDT	0.07521	0.0100	pay 0.0050% / 4h	6m 34s	$1.2M	$709K	25x
Short	Binance HYPERUSDT	0.07519	0.0100	get 0.0050% / 4h	6m 34s	$2.0M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.045%: $2.16
Slippage, 4 orders: −$71.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$90.45
Costs to cover: 0.926%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 13 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 Bybit live order book, 4 min ago	2.66 bp	27.3 bp −$27	429.5 bp −$4,295	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.34 bp	17.7 bp −$18	99.8 bp −$998	doesn't fit	doesn't fit

HYPER on 10 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
KuCoin HYPERUSDTM	−0.0174%	4h	0.07502	−0.253%	$121K	$95K	30x	as long as short
Hyperliquid HYPER	+0.0100%	1h	0.07525	+0.049%	$72K	$121K	3x	as long as short
Aster HYPERUSDT	+0.0100%	4h	0.07520	−0.019%	$20K	$4K	5x	as long as short
Binance HYPERUSDTshort	+0.0100%	4h	0.07519	−0.023%	$2.0M	$2.1M	50x
Bybit HYPERUSDTlong	+0.0100%	4h	0.07521	long leg	$1.2M	$709K	25x
Gate HYPER_USDT	+0.0100%	4h	0.07520	−0.013%	$91K	$46K	50x	as long as short
MEXC HYPER_USDT	+0.0100%	4h	0.07519	−0.027%	$254K	$134K	20x	as long as short
Bitget HYPERUSDT	+0.0100%	4h	0.07521	0.000%	$316K	$263K	50x	as long as short
Variational Omni HYPER	+0.0100%	4h	0.07493	−0.373%	$6K	$1K	—	as long as short
BloFin HYPER-USDT	+0.0106%	4h	0.07507	−0.186%	$190K	$21K	50x	as long as short