Funding you earn now, next payment 06:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h +0.058%
Price spread now: Hyperliquid against Bybit+0.165%7-day average +0.201% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$820.820% of the position
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 7 days−0.124%−$12 · spread now +0.165%, 7d avg +0.201%
=Together, before fees−0.038%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.036% cheaper against Bybit than usual: you would sell low and buy high (spread +0.165% now, against its 7-day average of +0.201%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.085% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KASUSDT | 0.04306 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $10.8M | $7.8M | 50x |
| Short | Hyperliquid KAS | 0.04313 | 0.0294 | get 0.0037% / 1h | 18m 30s | $2.8M | $1.1M | 3x |
Bybit KASUSDT
Hyperliquid KASFunding 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
- $40.65
- Price spread: +0.165% → +0.201%
- −$3.6
- Slippage, 4 orders
- −$61.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$44.91
- Costs to cover
- 0.820%
- Break-even
- 14.7 days
Slippage from Bybit: live order book, 5 min ago; Hyperliquid: live order book, 3 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 | 4.67 bp | 19.1 bp −$19 | 61.8 bp −$618 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 2.55 bp | 22.7 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
KAS on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) KAS/USD | L +0.0010% / S −0.0001% | 1h | 0.04303 | −0.070% | $4K | — | 150x | as long as short |
| Injective KAS/USDC PERP | +0.0033% | 1h | 0.04361 | +1.277% | $45 | $154K | 5.5x | as long as short |
| Aster KASUSDT | +0.0100% | 4h | 0.04313 | +0.155% | $254K | $146K | 20x | as long as short |
| Binance KASUSDT | +0.0100% | 4h | 0.04307 | +0.018% | $4.1M | $12.9M | 75x | as long as short |
| Bybit KASUSDTlong | +0.0100% | 4h | 0.04306 | long leg | $10.8M | $7.8M | 50x | |
| Gate KAS_USDT | +0.0100% | 8h | 0.04303 | −0.070% | $2.1M | $1.8M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04308 | +0.046% | $29.0M | $5.0M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04310 | +0.088% | $4.3M | $7.4M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04304 | −0.046% | $11.8M | $3.2M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04304 | −0.046% | — | $67.7M | — | as long as short |
gTrade (Gains Network) KAS/USD
Injective KAS/USDC PERP
Aster KASUSDT
Binance KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDT
BingX KAS-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni KAS | +0.0100% | 4h | 0.04291 | −0.343% | $23K | $24K | — | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0283% / S −0.1996% | 1h | 0.04302 | −0.098% | $11K | — | 100x | as long as short |
| Hyperliquid KASshort | +0.0294% | 1h | 0.04313 | +0.165% | $2.8M | $1.1M | 3x | |
| BloFin KAS-USDT | +0.0340% | 4h | 0.04317 | +0.255% | $372K | $295K | 75x | as long as short |
| Kraken Futures PF_KASUSD | +0.0377% | 1h | 0.04311 | +0.110% | $305K | $510K | 20x | as long as short |
Variational Omni KAS
GMX KAS/USD [WBTC.b-USDC]
BloFin KAS-USDT
Kraken Futures PF_KASUSD