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

HYPER

all HYPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid+0.005%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1161.158% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.005%, 7d avg +0.037%
Together, before fees−0.003%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 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: Bitget is 0.032% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid HYPER0.074840.0100pay 0.0013% / 1h36m 51s$71K$120K3x
ShortBitget HYPERUSDT0.074840.0100get 0.0050% / 4h36m 51s$313K$261K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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: +0.005% → +0.037%
−$3.17
Slippage, 4 orders
−$94.77
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$118.94
Costs to cover
1.158%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 22 min ago; Bitget: live order book, 33 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 Hyperliquid live order book, 22 min ago2.94 bp29.8 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 33 min ago2.69 bp26.2 bp −$2676.3 bp −$763doesn'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−0.0086%4h0.07468−0.208%$128K$94K30xas long as short
BloFin HYPER-USDT+0.0044%4h0.07478−0.075%$191K$23K50xas long as short
Hyperliquid HYPERlong+0.0100%1h0.07484long leg$71K$120K3x
Aster HYPERUSDT+0.0100%4h0.074840.000%$20K$4K5xas long as short
Binance HYPERUSDT+0.0100%4h0.07476−0.104%$2.0M$2.1M50xas long as short
Bybit HYPERUSDT+0.0100%4h0.07483−0.008%$1.2M$699K25xas long as short
Gate HYPER_USDT+0.0100%4h0.07490+0.086%$91K$46K50xas long as short
MEXC HYPER_USDT+0.0100%4h0.07477−0.088%$260K$131K20xas long as short
Bitget HYPERUSDTshort+0.0100%4h0.07484+0.005%$313K$261K50x
Variational Omni HYPER+0.0100%4h0.07492+0.106%$6K$1Kas long as short