Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Bybit against Hyperliquid0.000%7-day average +0.103% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.727%−$73 on $10k
+Price spread, last 4 days (all we have)+0.249%+$25 · spread now 0.000%, 7d avg +0.103%
=Together, before fees−0.478%+ Points / potential airdropHyperliquid: Season 2 · farm board−$48 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 0.103% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.103%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SOPH | 0.004470 | 0.0100 | pay 0.0013% / 1h | 38m 19s | $523K | $163K | 3x |
| Short | Bybit SOPHUSDT | 0.004470 | 0.0100 | get 0.0050% / 4h | 1h 38m | $1.8M | $1.0M | 25x |
Hyperliquid SOPH
Bybit SOPHUSDTFunding 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: 0.000% → +0.103%
- −$10.28
- 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
- −$30.28
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 1 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, 1 min ago | 1.12 bp | 5.6 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.24 bp | 12.1 bp −$12 | 91.7 bp −$917 | doesn't fit | doesn't fit |
SOPH on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid SOPHlong | +0.0100% | 1h | 0.004470 | long leg | $523K | $163K | 3x | |
| Binance SOPHUSDT | +0.0100% | 4h | 0.004470 | −0.001% | $5.4M | $5.5M | 25x | as long as short |
| Bybit SOPHUSDTshort | +0.0100% | 4h | 0.004470 | 0.000% | $1.8M | $1.0M | 25x | |
| OKX SOPH-USDT-SWAP | +0.0100% | 4h | 0.004467 | −0.067% | $987K | $1.5M | 10x | as long as short |
| Gate SOPH_USDT | +0.0100% | 4h | 0.004469 | −0.022% | $727K | $164K | 25x | as long as short |
| MEXC SOPH_USDT | +0.0100% | 4h | 0.004470 | 0.000% | $1.0M | $176K | 20x | as long as short |
| KuCoin SOPHUSDTM | +0.0100% | 4h | 0.004470 | 0.000% | $950K | $42K | 30x | as long as short |
| Bitget SOPHUSDT | +0.0100% | 4h | 0.004469 | −0.022% | $645K | $228K | 25x | as long as short |
| BingX SOPH-USDT | +0.0100% | 4h | 0.004470 | 0.000% | — | $6.5M | — | as long as short |
Binance SOPHUSDT
OKX SOPH-USDT-SWAP
Gate SOPH_USDT
MEXC SOPH_USDT
KuCoin SOPHUSDTM
Bitget SOPHUSDT
BingX SOPH-USDT