Funding you earn now, next payment 02:00 UTC−0.0298%/8h= −32.6% APRpaid last 24h −0.036%
Price spread now: Bybit against Hyperliquid−0.245%7-day average −0.198% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.063%−$6 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now −0.245%, 7d avg −0.198%
=Together, before fees+0.053%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.047% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.198%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.063% in total (about -3.3% 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 | Hyperliquid KAS | 0.04457 | 0.0398 | pay 0.0050% / 1h | 28m 46s | $2.9M | $1.0M | 3x |
| Short | Bybit KASUSDT | 0.04446 | 0.0100 | get 0.0050% / 4h | 2h 28m | $11.0M | $7.3M | 50x |
Hyperliquid KAS
Bybit KASUSDTFunding 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
- −$62.6
- Price spread: −0.245% → −0.198%
- −$4.66
- 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
- −$87.26
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 2 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, 2 min ago | 3.47 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.25 bp | 18.0 bp −$18 | 66.1 bp −$661 | doesn't fit | doesn't fit |
KAS on 14 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 0.0000% | 1h | 0.04449 | −0.180% | $4K | — | 150x | as long as short |
| Injective KAS/USDC PERP | +0.0033% | 1h | 0.04361 | −2.152% | $45 | $154K | 5.5x | as long as short |
| Binance KASUSDT | +0.0100% | 4h | 0.04450 | −0.155% | $4.2M | $12.0M | 75x | as long as short |
| Bybit KASUSDTshort | +0.0100% | 4h | 0.04446 | −0.245% | $11.0M | $7.3M | 50x | |
| Gate KAS_USDT | +0.0100% | 8h | 0.04443 | −0.312% | $2.2M | $1.7M | 75x | as long as short |
| MEXC KAS_USDT | +0.0100% | 4h | 0.04450 | −0.155% | $29.4M | $4.6M | 200x | as long as short |
| KuCoin KASUSDTM | +0.0100% | 4h | 0.04449 | −0.186% | $4.4M | $6.9M | 50x | as long as short |
| Bitget KASUSDT | +0.0100% | 4h | 0.04447 | −0.222% | $12.3M | $3.0M | 50x | as long as short |
| BingX KAS-USDT | +0.0100% | 4h | 0.04448 | −0.200% | — | $67.9M | — | as long as short |
| Variational Omni KAS | +0.0100% | 4h | 0.04440 | −0.372% | $26K | $20K | — | as long as short |
gTrade (Gains Network) KAS/USD
Injective KAS/USDC PERP
Binance KASUSDT
Gate KAS_USDT
MEXC KAS_USDT
KuCoin KASUSDTM
Bitget KASUSDT
BingX KAS-USDT
Variational Omni KASShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KASUSDT | +0.0111% | 4h | 0.04457 | +0.002% | $261K | $168K | 20x | as long as short |
| GMX KAS/USD [WBTC.b-USDC] | L +0.0294% / S −0.5848% | 1h | 0.04449 | −0.184% | $12K | — | 100x | as long as short |
| Hyperliquid KASlong | +0.0398% | 1h | 0.04457 | long leg | $2.9M | $1.0M | 3x | |
| Kraken Futures PF_KASUSD | +0.0717% | 1h | 0.04451 | −0.137% | $314K | $471K | 20x | as long as short |
Aster KASUSDT
GMX KAS/USD [WBTC.b-USDC]
Kraken Futures PF_KASUSD