Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid−0.060%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$900.898% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.060%, 7d avg −0.081%
=Together, before fees−0.042%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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 0.021% dearer against Hyperliquid than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.081%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SUSHI | 0.2515 | 0.0100 | pay 0.0013% / 1h | 55m 58s | $339K | $346K | 3x |
| Short | Bybit SUSHIUSDT | 0.2513 | 0.0100 | get 0.0100% / 8h | 2h 55m | $2.5M | $2.6M | 75x |
Hyperliquid SUSHI
Bybit SUSHIUSDTFunding 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: −0.060% → −0.081%
- $2.11
- Slippage, 4 orders
- −$69.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$87.64
- Costs to cover
- 0.898%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 14 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, 14 min ago | 2.78 bp | 16.1 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.98 bp | 30.6 bp −$31 | 91.6 bp −$916 | doesn't fit | doesn't fit |
SUSHI on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SUSHIUSDT | −0.0054% | 8h | 0.2511 | −0.139% | $999K | $717K | 50x | as long as short |
| Variational Omni SUSHI | 0.0000% | 8h | 0.2513 | −0.077% | $40K | $7K | — | as long as short |
| Injective SUSHI/USDC PERP | +0.0033% | 1h | 0.2545 | +1.213% | $16 | $18K | 5.5x | as long as short |
| Hyperliquid SUSHIlong | +0.0100% | 1h | 0.2515 | long leg | $339K | $346K | 3x | |
| Aster SUSHIUSDT | +0.0100% | 8h | 0.2515 | +0.002% | $22K | $17K | 5x | as long as short |
| Binance SUSHIUSDT | +0.0100% | 8h | 0.2513 | −0.060% | $3.9M | $9.1M | 75x | as long as short |
| Bybit SUSHIUSDTshort | +0.0100% | 8h | 0.2513 | −0.060% | $2.5M | $2.6M | 75x | |
| OKX SUSHI-USDT-SWAP | +0.0100% | 8h | 0.2515 | +0.020% | $1.6M | $3.4M | 50x | as long as short |
| Gate SUSHI_USDT | +0.0100% | 8h | 0.2516 | +0.060% | $568K | $241K | 50x | as long as short |
| MEXC SUSHI_USDT | +0.0100% | 8h | 0.2513 | −0.060% | $1.2M | $266K | 75x | as long as short |
Bitget SUSHIUSDT
Variational Omni SUSHI
Injective SUSHI/USDC PERP
Aster SUSHIUSDT
Binance SUSHIUSDT
OKX SUSHI-USDT-SWAP
Gate SUSHI_USDT
MEXC SUSHI_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SUSHIUSDTM | +0.0100% | 8h | 0.2515 | +0.020% | $1.1M | $236K | 50x | as long as short |
| BingX SUSHI-USDT | +0.0100% | 8h | 0.2516 | +0.060% | — | $2.5M | — | as long as short |
| HTX SUSHI-USDT | +0.0100% | 8h | 0.2517 | +0.099% | $84K | $75K | 75x | as long as short |
| BloFin SUSHI-USDT | +0.0129% | 8h | 0.2506 | −0.338% | $210K | $44K | 75x | as long as short |
| Kraken Futures PF_SUSHIUSD | +0.0363% | 1h | 0.2515 | +0.029% | $756K | $62K | 20x | as long as short |
KuCoin SUSHIUSDTM
BingX SUSHI-USDT
HTX SUSHI-USDT
BloFin SUSHI-USDT
Kraken Futures PF_SUSHIUSD