Funding you earn now, next payment 04:00 UTC+0.0294%/8h= +32.2% APRpaid last 24h +0.034%
Price spread now: Hyperliquid against Bybit+0.232%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$650.646% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 7 days−0.175%−$17 · spread now +0.232%, 7d avg +0.135%
=Together, before fees−0.141%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.098% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.135%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.033% in total (about 1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STXUSDT | 0.3360 | 0.0100 | pay 0.0100% / 8h | 4h 49m | $8.6M | $6.3M | 75x |
| Short | Hyperliquid STX | 0.3368 | 0.0394 | get 0.0049% / 1h | 49m 50s | $1.5M | $708K | 5x |
Bybit STXUSDT
Hyperliquid STXFunding 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
- $61.74
- Price spread: +0.232% → +0.135%
- $9.75
- Slippage, 4 orders
- −$44.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $6.85
- Costs to cover
- 0.646%
- Break-even
- 6.2 days
Slippage from Bybit: live order book, 3 min ago; Hyperliquid: 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 Bybit live order book, 3 min ago | 2.96 bp | 16.5 bp −$17 | 51.9 bp −$519 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 1 min ago | 2.52 bp | 14.0 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
STX 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSD | −0.0862% | 1h | 0.3363 | +0.103% | $68K | $112K | 20x | as long as short |
| Variational Omni STX | −0.0290% | 8h | 0.3364 | +0.131% | $777K | $230K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3363 | +0.093% | — | — | 150x | as long as short |
| Gate STX_USDT | +0.0021% | 8h | 0.3358 | −0.060% | $594K | $330K | 50x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3463 | +3.065% | $4K | $264K | 12x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3363 | +0.089% | $126K | $56K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3363 | +0.089% | $7.7M | $17.6M | 75x | as long as short |
| Bybit STXUSDTlong | +0.0100% | 8h | 0.3360 | long leg | $8.6M | $6.3M | 75x | |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3362 | +0.060% | $2.3M | $5.2M | 20x | as long as short |
| MEXC STX_USDT | +0.0100% | 8h | 0.3362 | +0.060% | $6.0M | $1.2M | 50x | as long as short |
Kraken Futures PF_STXUSD
Variational Omni STX
gTrade (Gains Network) STX/USD
Gate STX_USDT
Injective STX/USDC PERP
Aster STXUSDT
Binance STXUSDT
OKX STX-USDT-SWAP
MEXC STX_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3362 | +0.060% | $2.4M | $1.1M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3360 | 0.000% | $4.6M | $1.9M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3362 | +0.060% | — | $13.6M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3383 | +0.685% | $60K | $698K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3361 | +0.020% | $179K | $619K | 10x | as long as short |
| BloFin STX-USDT | +0.0115% | 8h | 0.3367 | +0.208% | $408K | $215K | 20x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0190% / S −0.0304% | 1h | 0.3361 | +0.043% | $4K | — | 100x | as long as short |
| Hyperliquid STXshort | +0.0394% | 1h | 0.3368 | +0.232% | $1.5M | $708K | 5x |
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
BloFin STX-USDT
GMX STX/USD [WBTC.b-USDC]