Funding you earn now, next payment 00:00 UTC+0.0028%/8h= +3.0% APRnext payment +$0.14 per $10,000 · paid last 24h −0.005%
Price spread now: BloFin against Bybit−0.291%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$970.970% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 3 days (all we have)+0.249%+$25 · spread now −0.291%, 7d avg −0.043%
=Funding pays, the price is against you. BloFin is 0.248% cheaper against Bybit than usual: you would sell low and buy high (spread −0.291% now, against its 7-day average of −0.043%). If the spread goes back, that is −$25 on $10k: about 30 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HYPERUSDT | 0.07553 | 0.0100 | pay 0.0050% / 4h | 0m 44s | $1.2M | $715K | 25x |
| Short | BloFin HYPER-USDT | 0.07531 | 0.0128 | get 0.0064% / 4h | 0m 44s | $190K | $21K | 50x |
Bybit HYPERUSDT
BloFin HYPER-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $5.83
- Price spread: −0.291% → −0.043%
- −$24.79
- Slippage, 4 orders
- −$73.98
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$115.94
- Costs to cover
- 0.970%
- Break-even
- 146.2 days
Slippage from Bybit: live order book, 5 min ago; BloFin: 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 Bybit live order book, 5 min ago | 1.33 bp | 34.3 bp −$34 | 367.5 bp −$3,675 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.99 bp | 20.4 bp −$20 | 52.7 bp −$527 | 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 | −0.0162% | 4h | 0.07537 | −0.212% | $122K | $95K | 30x | as long as short |
| Hyperliquid HYPER | +0.0100% | 1h | 0.07552 | −0.009% | $72K | $121K | 3x | as long as short |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07561 | +0.100% | $21K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07554 | +0.013% | $2.0M | $2.1M | 50x | as long as short |
| Bybit HYPERUSDTlong | +0.0100% | 4h | 0.07553 | long leg | $1.2M | $715K | 25x | |
| Gate HYPER_USDT | +0.0100% | 4h | 0.07550 | −0.040% | $91K | $46K | 50x | as long as short |
| MEXC HYPER_USDT | +0.0100% | 4h | 0.07552 | −0.013% | $255K | $134K | 20x | as long as short |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07552 | −0.013% | $317K | $263K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07540 | −0.166% | $6K | $1K | — | as long as short |
| BloFin HYPER-USDTshort | +0.0128% | 4h | 0.07531 | −0.291% | $190K | $21K | 50x |
KuCoin HYPERUSDTM
Hyperliquid HYPER
Aster HYPERUSDT
Binance HYPERUSDT
Gate HYPER_USDT
MEXC HYPER_USDT
Bitget HYPERUSDT
Variational Omni HYPER