Funding you earn now, next payment 00:00 UTC+0.0572%/8h= +62.6% APRpaid last 24h +0.106%
Price spread now: Hyperliquid against Bybit+0.051%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$250.249% of the position
Funding, last 7 days+0.227%+$23 on $10k
+Price spread, last 7 days−0.032%−$3 · spread now +0.051%, 7d avg +0.072%
=Together, before fees+0.195%+ Points / potential airdropHyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.021% cheaper against Bybit than usual: you would sell low and buy high (spread +0.051% now, against its 7-day average of +0.072%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.227% in total) that is about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.227% in total (about 11.8% 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 SUIUSDT | 1.0372 | 0.0100 | pay 0.0100% / 8h | 50m 57s | $104.2M | $307.1M | 50x |
| Short | Hyperliquid SUI | 1.0377 | 0.0672 | get 0.0084% / 1h | 50m 57s | $74.5M | $80.5M | 10x |
Bybit SUIUSDT
Hyperliquid SUIFunding 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
- $120.04
- Price spread: +0.051% → +0.072%
- −$2.14
- Slippage, 4 orders
- −$4.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $93.01
- Costs to cover
- 0.249%
- Break-even
- 1.6 days
Slippage from Bybit: live order book, 3 min ago; Hyperliquid: live order book, 13 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 | 0.49 bp | 7.2 bp −$7 | 12.4 bp −$124 | 36.6 bp −$3,657 | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 0.97 bp | 5.5 bp −$5 | 14.1 bp −$141 | doesn't fit | doesn't fit |
SUI on 46 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 SUI/USDC PERP | −0.3474% | 1h | 1.0167 | −1.974% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0369% | 1h | 1.0348 | −0.231% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0328% | 1h | 1.0331 | −0.396% | $6K | $19K | 7x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0355 | −0.161% | $94K | $66K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0361 | −0.100% | $462K | $5.4M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0364 | −0.073% | $120K | — | 150x | as long as short |
| Bluefin SUI-PERP | +0.0055% | 1h | 1.0354 | −0.171% | $593K | $405K | 25x | as long as short |
| 01 Exchange SUIUSD | +0.0088% | 1h | 1.0355 | −0.161% | $9K | $9K | 10x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0370 | −0.020% | $797K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0371 | −0.005% | $261K | $2.0M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
dYdX SUI-USD
Kalshi KXSUIPERP
gTrade (Gains Network) SUI/USD
Bluefin SUI-PERP
01 Exchange SUIUSD
Lighter SUI
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex SUIUSDT | +0.0096% | 1h | 1.0352 | −0.190% | $38K | $498K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0363 | −0.084% | $46K | $330K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0351 | −0.203% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0352 | −0.185% | $597K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0365 | −0.065% | $1.0M | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0354 | −0.171% | $225K | $262K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0369 | −0.023% | $152.5M | $1.02B | 75x | as long as short |
| Bybit SUIUSDTlong | +0.0100% | 8h | 1.0372 | long leg | $104.2M | $307.1M | 50x | |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0369 | −0.026% | $41.4M | $387.1M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0350 | −0.209% | $46K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0269 | −0.990% | $242K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0367 | −0.045% | $166.0M | $80.7M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0368 | −0.036% | $149.7M | $289.0M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0361 | −0.103% | $51.9M | $52.1M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0362 | −0.094% | $68.0M | $168.8M | 75x | as long as short |
| BingX SUI-USDC | +0.0100% | 8h | 1.0370 | −0.016% | — | $6.5M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0363 | −0.084% | $660K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0295 | −0.738% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0319 | −0.512% | $169K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0324 | −0.457% | $445K | $6.9M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0333 | −0.373% | $234K | $441K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0359 | −0.122% | $108K | $782K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0365 | −0.065% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0370 | −0.016% | $7K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0364 | −0.074% | $641K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0363 | −0.084% | $11.6M | $24.8M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0360 | −0.113% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0372 | +0.007% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0363 | −0.084% | $7.9M | $24.1M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0224% | 1h | 1.0358 | −0.132% | $987K | $14.0M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0272% | 1h | 1.0371 | −0.008% | $7.2M | $24.0M | 50x | as long as short |
| Phoenix SUI | +0.0327% | 1h | 1.0335 | −0.356% | $205K | $593K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC] | L +0.0639% / S −0.0309% | 1h | 1.0362 | −0.096% | $904K | — | 100x | as long as short |
| Hyperliquid SUIshort | +0.0672% | 1h | 1.0377 | +0.051% | $74.5M | $80.5M | 10x | |
| Aftermath Perps SUIUSD | +0.0800% | 1h | 1.0320 | −0.497% | $94K | $381K | 10x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.1004% | 1h | 1.0379 | +0.070% | $202K | $581K | 25x | as long as short |
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
OKX SUI-USDT-SWAP
Arcus SUI-USD
Bulk SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDC
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Phoenix SUI
GMX SUI/USD [ETH-USDC]
Aftermath Perps SUIUSD
Deribit SUI_USDC-PERPETUAL