Funding you earn now, next payment 05:00 UTC+0.0517%/8h= +56.7% APRpaid last 24h +0.281%
Price spread now: Hyperliquid against Bybit+0.221%7-day average +0.263% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.400%+$40 on $10k
+Price spread, last 7 days−0.029%−$3 · spread now +0.221%, 7d avg +0.263%
=Together, before fees+0.372%+ Points / potential airdropHyperliquid: Season 2 · farm board+$37 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.042% cheaper against Bybit than usual: you would sell low and buy high (spread +0.221% now, against its 7-day average of +0.263%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.400% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit POPCATUSDT | 0.05656 | 0.0100 | pay 0.0050% / 4h | 3h 53m | $8.9M | $6.4M | 50x |
| Short | Hyperliquid POPCAT | 0.05668 | 0.0617 | get 0.0077% / 1h | 53m 23s | $2.6M | $1.0M | 3x |
Bybit POPCATUSDT
Hyperliquid POPCATFunding 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
- $108.67
- Price spread: +0.221% → +0.263%
- −$4.18
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $84.5
- Costs to cover
- 0.200%
- Break-even
- 1.6 days
Slippage unknown: Bybit: live order book, 5 min ago; Hyperliquid: live order book, 8 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 Bybit live order book, 5 min ago | 3.55 bp | 25.9 bp −$26 | 84.2 bp −$842 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.85 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.4864% | 1h | 0.05579 | −1.361% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05659 | +0.054% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0106% | 4h | 0.05630 | −0.468% | $508K | $162K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05655 | −0.018% | $101K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05668 | +0.212% | $2.4M | $7.1M | 50x | as long as short |
| Bybit POPCATUSDTlong | +0.0100% | 4h | 0.05656 | long leg | $8.9M | $6.4M | 50x | |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05666 | +0.177% | $699K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05653 | −0.053% | $445K | $630K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05663 | +0.124% | $1.8M | $967K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05651 | −0.088% | $1.1M | $979K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05646 | −0.177% | $1.2M | $936K | 50x | as long as short |
| BingX POPCAT-USDT | +0.0100% | 4h | 0.05661 | +0.088% | — | $6.7M | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05649 | −0.124% | $252K | $502K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05660 | +0.071% | $22K | $655K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05665 | +0.153% | $96K | $523K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05654 | −0.035% | $127K | $329K | 50x | as long as short |
| Kraken Futures PF_POPCATUSD | +0.0510% | 1h | 0.05642 | −0.239% | $150K | $146K | 20x | as long as short |
| Hyperliquid POPCATshort | +0.0617% | 1h | 0.05668 | +0.221% | $2.6M | $1.0M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Kraken Futures PF_POPCATUSD