Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h +0.046%
Price spread now: Hyperliquid against Bybit−0.017%7-day average +0.034% · you buy dearer than you sell
to open and close $10k−$42fees + slippage, both legs, in and out
costs, in % of the position0.416%what the two incomes have to cover
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 7 days+0.112%+$11 · spread now −0.017%, 7d avg +0.034%
=Together, before fees+0.199%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 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: Hyperliquid is 0.051% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PONSUSDT | 0.5826 | 0.0100 | pay 0.0050% / 4h | 37m 06s | $17.2M | $31.2M | 20x |
| Short | Hyperliquid PONS | 0.5825 | 0.0100 | get 0.0013% / 1h | 37m 06s | $57.9M | $29.8M | 3x |
Bybit PONSUSDT
Hyperliquid PONSFunding 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
- $0
- Price spread: −0.017% → +0.034%
- −$5.13
- Slippage, 4 orders
- −$21.62
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$46.75
- Costs to cover
- 0.416%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 4 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 | 0.86 bp | 13.6 bp −$14 | 42.7 bp −$427 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.43 bp | 8.1 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
PONS on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate PONS_USDT | −0.0228% | 4h | 0.5828 | +0.034% | $5.2M | $7.1M | 20x | as long as short |
| Injective PONS/USDC PERP | −0.0008% | 1h | 0.5863 | +0.633% | $603 | $6K | 5.5x | as long as short |
| gTrade (Gains Network) PONS/USD | L +0.0032% / S −0.0032% | 1h | 0.5832 | +0.097% | $211K | — | 150x | as long as short |
| Popdex PONSUSDT | +0.0096% | 1h | 0.5834 | +0.137% | $20K | $493K | 20x | as long as short |
| Nado PONS-PERP | +0.0100% | 1h | 0.5836 | +0.175% | $72K | $95K | 5x | as long as short |
| Hyperliquid PONSshort | +0.0100% | 1h | 0.5825 | −0.017% | $57.9M | $29.8M | 3x | |
| Bybit PONSUSDTlong | +0.0100% | 4h | 0.5826 | long leg | $17.2M | $31.2M | 20x | |
| KuCoin PONSUSDTM | +0.0100% | 4h | 0.5826 | −0.005% | $1.7M | $3.5M | 20x | as long as short |
| Variational Omni PONS | +0.0100% | 4h | 0.5843 | +0.297% | $1.2M | $4.1M | — | as long as short |
| ApeX Omni PONSUSDT | +0.0100% | 1h | 0.5849 | +0.402% | $34K | $314K | 5x | as long as short |
Gate PONS_USDT
Injective PONS/USDC PERP
gTrade (Gains Network) PONS/USD
Popdex PONSUSDT
Nado PONS-PERP
KuCoin PONSUSDTM
Variational Omni PONS
ApeX Omni PONSUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_PONS_USDC_mythos | +0.0100% | 4h | 0.5836 | +0.165% | $2K | $3K | 10x | as long as short |
| SunX PONS-USDT | +0.0100% | 4h | 0.5837 | +0.196% | — | $1.4M | 10x | as long as short |
| SoDEX PONS-USD | +0.0100% | 1h | 0.5834 | +0.142% | $27K | $528K | 3x | as long as short |
| HTX PONS-USDT | +0.0100% | 4h | 0.5844 | +0.304% | $63K | $503K | 20x | as long as short |
| Phemex PONSUSDT | +0.0100% | 4h | 0.5836 | +0.172% | $1.7M | $3.3M | 20x | as long as short |
| OKX PONS-USDT-SWAP | +0.0112% | 4h | 0.5825 | −0.017% | $13.1M | $55.1M | 20x | as long as short |
| Lighter RH PONS | +0.0120% | 1h | 0.5835 | +0.146% | $396K | $2.4M | 3x | as long as short |
| Bitget PONSUSDT | +0.0124% | 4h | 0.5824 | −0.038% | $4.6M | $11.5M | 20x | as long as short |
| Aevo PONS-PERP | +0.0136% | 1h | 0.5836 | +0.166% | $364 | — | 3x | as long as short |
| Aster PONSUSDT | +0.0147% | 4h | 0.5825 | −0.014% | $1.1M | $2.1M | 20x | as long as short |
| Pacifica PONS | +0.0150% | 1h | 0.5842 | +0.267% | $46K | $111K | 3x | as long as short |
| MEXC PONS_USDT | +0.0214% | 4h | 0.5829 | +0.051% | $7.1M | $5.3M | 20x | as long as short |
| Binance PONSUSDT | +0.0214% | 4h | 0.5827 | +0.015% | $37.7M | $99.0M | 20x | as long as short |
| Extended PONS-USD | +0.0216% | 1h | 0.5837 | +0.182% | $87K | $534K | 5x | as long as short |
| BingX PONS-USDT | +0.0224% | 4h | 0.5825 | −0.017% | — | $3.2M | — | as long as short |
| edgeX PONSUSDC | +0.0226% | 4h | 0.5841 | +0.252% | $20K | $292K | 10x | as long as short |
| Polymarket Perps PONS-USD | +0.0265% | 1h | 0.5836 | +0.173% | $53K | $1.8M | 3x | as long as short |
| BloFin PONS-USDT | +0.0454% | 4h | 0.5831 | +0.086% | $1.7M | $975K | 20x | as long as short |
| Lighter PONS | +0.0592% | 1h | 0.5837 | +0.189% | $1.7M | $867K | 3x | as long as short |
| Phoenix PONS | +0.1244% | 1h | 0.5843 | +0.285% | $27K | $80K | 3x | as long as short |
Orderly PERP_PONS_USDC_mythos
SunX PONS-USDT
SoDEX PONS-USD
HTX PONS-USDT
Phemex PONSUSDT
OKX PONS-USDT-SWAP
Lighter RH PONS
Bitget PONSUSDT
Aevo PONS-PERP
Aster PONSUSDT
Pacifica PONS
MEXC PONS_USDT
Binance PONSUSDT
Extended PONS-USD
BingX PONS-USDT
edgeX PONSUSDC
Polymarket Perps PONS-USD
BloFin PONS-USDT
Lighter PONS
Phoenix PONS