Funding you earn now, next payment 08:00 UTC+0.0162%/8h= +17.7% APRpaid last 24h +0.145%
Price spread now: Hyperliquid against Bybit+0.045%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$630.631% of the position
Funding, last 7 days+0.164%+$16 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now +0.045%, 7d avg +0.018%
=Together, before fees+0.098%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.027% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KAITOUSDT | 0.3532 | 0.0100 | pay 0.0050% / 4h | 38m 40s | $4.6M | $8.3M | 75x |
| Short | Hyperliquid KAITO | 0.3534 | 0.0262 | get 0.0033% / 1h | 38m 40s | $2.1M | $871K | 5x |
Bybit KAITOUSDT
Hyperliquid KAITOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $34
- Price spread: +0.045% → +0.018%
- $2.69
- Slippage, 4 orders
- −$43.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$26.44
- Costs to cover
- 0.631%
- Break-even
- 12.4 days
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 2 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 | 1.41 bp | 20.3 bp −$20 | 77.5 bp −$775 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 2.83 bp | 11.0 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
KAITO on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya KAITORUSDPERP | 0.0000% | 1h | 0.3370 | −4.577% | — | — | — | as long as short |
| Injective KAITO/USDC PERP | +0.0068% | 1h | 0.3534 | +0.057% | $7K | $52K | 12x | as long as short |
| Aster KAITOUSDT | +0.0100% | 4h | 0.3529 | −0.098% | $118K | $51K | 10x | as long as short |
| Pacifica KAITO | +0.0100% | 1h | 0.3530 | −0.057% | $19K | $14K | 5x | as long as short |
| Binance KAITOUSDT | +0.0100% | 4h | 0.3528 | −0.112% | $10.7M | $17.4M | 75x | as long as short |
| Bybit KAITOUSDTlong | +0.0100% | 4h | 0.3532 | long leg | $4.6M | $8.3M | 75x | |
| OKX KAITO-USDT-SWAP | +0.0100% | 4h | 0.3527 | −0.142% | $4.3M | $11.2M | 50x | as long as short |
| Gate KAITO_USDT | +0.0100% | 4h | 0.3528 | −0.113% | $660K | $1.7M | 75x | as long as short |
| MEXC KAITO_USDT | +0.0100% | 4h | 0.3528 | −0.113% | $3.0M | $1.2M | 50x | as long as short |
| KuCoin KAITOUSDTM | +0.0100% | 4h | 0.3530 | −0.057% | $1.4M | $162K | 30x | as long as short |
Reya KAITORUSDPERP
Injective KAITO/USDC PERP
Aster KAITOUSDT
Pacifica KAITO
Binance KAITOUSDT
OKX KAITO-USDT-SWAP
Gate KAITO_USDT
MEXC KAITO_USDT
KuCoin KAITOUSDTMShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget KAITOUSDT | +0.0100% | 4h | 0.3531 | −0.028% | $4.4M | $3.5M | 75x | as long as short |
| BingX KAITO-USDT | +0.0100% | 4h | 0.3529 | −0.085% | — | $6.7M | — | as long as short |
| Backpack KAITO_USDC_PERP | +0.0100% | 1h | 0.3526 | −0.178% | $20K | $192K | 10x | as long as short |
| Variational Omni KAITO | +0.0100% | 4h | 0.3541 | +0.264% | $45K | $211K | — | as long as short |
| GRVT KAITO_USDT_Perp | +0.0100% | 4h | 0.3536 | +0.113% | $251K | $2.4M | 10x | as long as short |
| ApeX Omni KAITOUSDT | +0.0100% | 1h | 0.3537 | +0.142% | $30K | $259K | 50x | as long as short |
| Polymarket Perps KAITO-USD | +0.0100% | 1h | 0.3528 | −0.113% | $22K | $4.9M | 5x | as long as short |
| Orderly PERP_KAITO_USDC_mythos | +0.0100% | 4h | 0.3528 | −0.116% | $3K | $2K | 10x | as long as short |
| Extended KAITO-USD | +0.0104% | 1h | 0.3529 | −0.083% | $81K | $63K | 10x | as long as short |
| Aevo KAITO-PERP | +0.0104% | 1h | 0.3527 | −0.135% | $245K | — | 3x | as long as short |
| Paradex KAITO-USD-PERP | +0.0111% | 8h | 0.3531 | −0.014% | $4K | $604 | 10x | as long as short |
| edgeX KAITOUSDC | +0.0119% | 4h | 0.3537 | +0.151% | $17K | $326K | 5x | as long as short |
| BloFin KAITO-USDT | +0.0153% | 4h | 0.3523 | −0.255% | $551K | $67K | 75x | as long as short |
| Hyperliquid KAITOshort | +0.0262% | 1h | 0.3534 | +0.045% | $2.1M | $871K | 5x | |
| Kraken Futures PF_KAITOUSD | +0.0662% | 1h | 0.3524 | −0.223% | $248K | $159K | 10x | as long as short |
| Lighter KAITO | +0.0832% | 1h | 0.3545 | +0.368% | $87K | $102K | 5x | as long as short |
| 01 Exchange KAITOUSD | +0.4752% | 1h | 0.3530 | −0.057% | $6K | $988 | 3x | as long as short |
Bitget KAITOUSDT
BingX KAITO-USDT
Backpack KAITO_USDC_PERP
Variational Omni KAITO
GRVT KAITO_USDT_Perp
ApeX Omni KAITOUSDT
Polymarket Perps KAITO-USD
Orderly PERP_KAITO_USDC_mythos
Extended KAITO-USD
Aevo KAITO-PERP
Paradex KAITO-USD-PERP
edgeX KAITOUSDC
BloFin KAITO-USDT
Kraken Futures PF_KAITOUSD
Lighter KAITO
01 Exchange KAITOUSD