Funding you earn now, next payment 04:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.211%
Price spread now: Bybit against Hyperliquid−0.222%7-day average −0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$930.929% of the position
Funding, last 7 days−0.502%−$50 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now −0.222%, 7d avg −0.206%
=Together, before fees−0.387%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.206%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SKY | 0.06878 | 0.0111 | pay 0.0014% / 1h | 51m 33s | $2.8M | $928K | 3x |
| Short | Bybit SKYUSDT | 0.06863 | 0.0036 | get 0.0018% / 4h | 51m 33s | $7.2M | $3.2M | 25x |
Hyperliquid SKY
Bybit SKYUSDTFunding 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
- −$15.82
- Price spread: −0.222% → −0.206%
- −$1.6
- Slippage, 4 orders
- −$72.93
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$110.34
- Costs to cover
- 0.929%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Bybit: live order book, 1 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 Hyperliquid live order book, 10 min ago | 3.47 bp | 19.4 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.46 bp | 30.7 bp −$31 | 179.5 bp −$1,795 | doesn't fit | doesn't fit |
SKY 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0293% | 4h | 0.06896 | +0.255% | $184K | $115K | — | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.214% | $376 | $303K | 12x | as long as short |
| Bybit SKYUSDTshort | +0.0036% | 4h | 0.06863 | −0.222% | $7.2M | $3.2M | 25x | |
| Lighter SKY | +0.0096% | 1h | 0.06866 | −0.174% | $179K | $177K | 10x | as long as short |
| BloFin SKY-USDT | +0.0098% | 4h | 0.06887 | +0.126% | $587K | $29K | 75x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06866 | −0.179% | $73K | $30K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06868 | −0.145% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06871 | −0.106% | $15.7M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06866 | −0.179% | $820K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06860 | −0.266% | $596K | $271K | 50x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Lighter SKY
BloFin SKY-USDT
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06870 | −0.121% | $1.0M | $262K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06871 | −0.106% | $404K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06870 | −0.121% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06866 | −0.179% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06889 | +0.156% | $27K | $661K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06861 | −0.244% | $1K | $3K | 10x | as long as short |
| Hyperliquid SKYlong | +0.0111% | 1h | 0.06878 | long leg | $2.8M | $928K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0521% / S −0.0248% | 1h | 0.06858 | −0.301% | $81K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]