Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Bybit against Hyperliquid−0.013%7-day average +0.071% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.013%, 7d avg +0.071%
=Together, before fees+0.076%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 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 0.085% cheaper against Hyperliquid than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ME | 0.07427 | 0.0100 | pay 0.0013% / 1h | 3m 27s | $233K | $96K | 3x |
| Short | Bybit MEUSDT | 0.07426 | 0.0100 | get 0.0050% / 4h | 3m 27s | $1.5M | $656K | 25x |
Hyperliquid ME
Bybit MEUSDTFunding 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: −0.013% → +0.071%
- −$8.48
- 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
- −$28.48
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 56 min ago; Bybit: live order book, 3 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, 56 min ago | 1.36 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.72 bp | 40.0 bp −$40 | 258.3 bp −$2,583 | doesn't fit | doesn't fit |
ME 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 ME-USDT | +0.0071% | 4h | 0.07417 | −0.135% | $108K | $7K | 50x | as long as short |
| Hyperliquid MElong | +0.0100% | 1h | 0.07427 | long leg | $233K | $96K | 3x | |
| Binance MEUSDT | +0.0100% | 4h | 0.07429 | +0.031% | $2.1M | $3.9M | 50x | as long as short |
| Bybit MEUSDTshort | +0.0100% | 4h | 0.07426 | −0.013% | $1.5M | $656K | 25x | |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07425 | −0.027% | $477K | $1.0M | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07420 | −0.094% | $190K | $74K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07433 | +0.081% | $507K | $132K | 20x | as long as short |
| KuCoin MEUSDTM | +0.0100% | 4h | 0.07426 | −0.013% | $207K | $25K | 30x | as long as short |
| Bitget MEUSDT | +0.0100% | 4h | 0.07429 | +0.027% | $646K | $409K | 25x | as long as short |
| BingX ME-USDT | +0.0100% | 4h | 0.07429 | +0.027% | — | $1.3M | — | as long as short |
BloFin ME-USDT
Binance MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
KuCoin MEUSDTM
Bitget MEUSDT
BingX ME-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ME | +0.0100% | 4h | 0.07412 | −0.195% | $12K | $2K | — | as long as short |
| Aster MEUSDT | +0.0158% | 4h | 0.07422 | −0.068% | $17K | $11K | 5x | as long as short |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07431 | +0.060% | $26K | — | 15x | as long as short |
Variational Omni ME
Aster MEUSDT
Reya MERUSDPERP