Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid−0.083%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1121.122% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.083%, 7d avg +0.005%
=Together, before fees+0.058%+ Points / potential airdropHyperliquid: Season 2 · farm board+$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: Bybit is 0.088% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HYPER | 0.07444 | 0.0100 | pay 0.0013% / 1h | 24m 18s | $74K | $126K | 3x |
| Short | Bybit HYPERUSDT | 0.07438 | 0.0100 | get 0.0050% / 4h | 24m 18s | $1.2M | $767K | 25x |
Hyperliquid HYPER
Bybit HYPERUSDTFunding 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
- $0
- Price spread: −0.083% → +0.005%
- −$8.8
- Slippage, 4 orders
- −$92.16
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$120.96
- Costs to cover
- 1.122%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 25 min ago; Bybit: live order book, 6 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, 25 min ago | 1.47 bp | 27.4 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 4.03 bp | 33.3 bp −$33 | 189.7 bp −$1,897 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid HYPERlong | +0.0100% | 1h | 0.07444 | long leg | $74K | $126K | 3x | |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07449 | +0.058% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07438 | −0.078% | $2.0M | $2.4M | 50x | as long as short |
| Bybit HYPERUSDTshort | +0.0100% | 4h | 0.07438 | −0.083% | $1.2M | $767K | 25x | |
| Gate HYPER_USDT | +0.0100% | 4h | 0.07450 | +0.078% | $90K | $37K | 50x | as long as short |
| MEXC HYPER_USDT | +0.0100% | 4h | 0.07438 | −0.083% | $235K | $127K | 20x | as long as short |
| KuCoin HYPERUSDTM | +0.0100% | 4h | 0.07447 | +0.038% | $111K | $87K | 30x | as long as short |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07450 | +0.078% | $307K | $269K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07439 | −0.075% | $6K | $1K | — | as long as short |
| BloFin HYPER-USDT | +0.0151% | 4h | 0.07441 | −0.043% | $191K | $14K | 50x | as long as short |
Aster HYPERUSDT
Binance HYPERUSDT
Gate HYPER_USDT
MEXC HYPER_USDT
KuCoin HYPERUSDTM
Bitget HYPERUSDT
Variational Omni HYPER
BloFin HYPER-USDT