Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid−0.015%7-day average −0.143% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.136%−$14 · spread now −0.015%, 7d avg −0.143%
=Together, before fees−0.182%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 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 0.128% dearer against Hyperliquid than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.143%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid INIT | 0.08216 | 0.0100 | pay 0.0013% / 1h | 11m 54s | $299K | $233K | 3x |
| Short | Bybit INITUSDT | 0.08215 | 0.0100 | get 0.0050% / 4h | 11m 54s | $1.4M | $1.4M | 25x |
Hyperliquid INIT
Bybit INITUSDTFunding 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: −0.015% → −0.143%
- $12.81
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$7.19
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 48 min ago; Bybit: live order book, 4 min ago. Net counts fees only.
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, 48 min ago | 2.32 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 6.70 bp | 44.5 bp −$45 | 157.0 bp −$1,570 | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin INIT-USDT | +0.0054% | 4h | 0.08217 | +0.010% | $153K | $111K | 25x | as long as short |
| Hyperliquid INITlong | +0.0100% | 1h | 0.08216 | long leg | $299K | $233K | 3x | |
| Aster INITUSDT | +0.0100% | 4h | 0.08216 | −0.002% | $27K | $37K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08221 | +0.063% | $3.4M | $3.6M | 25x | as long as short |
| Bybit INITUSDTshort | +0.0100% | 4h | 0.08215 | −0.015% | $1.4M | $1.4M | 25x | |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08227 | +0.131% | $133K | $636K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08209 | −0.088% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08219 | +0.034% | $447K | $220K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08205 | −0.136% | $327K | $54K | 25x | as long as short |
| Bitget INITUSDT | +0.0100% | 4h | 0.08211 | −0.063% | $429K | $311K | 25x | as long as short |
BloFin INIT-USDT
Aster INITUSDT
Binance INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTM
Bitget INITUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INIT-USDT | +0.0100% | 4h | 0.08222 | +0.071% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08203 | −0.157% | $26K | $23K | — | as long as short |
| Kraken Futures PF_INITUSD | +0.0495% | 1h | 0.08221 | +0.058% | $5K | $17K | 10x | as long as short |
BingX INIT-USDT
Variational Omni INIT
Kraken Futures PF_INITUSD