Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.074%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1191.186% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)−0.015%−$1 · spread now −0.074%, 7d avg −0.072%
=Together, before fees−0.134%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUALUSDT | 0.01351 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $997K | $914K | 25x |
| Short | Hyperliquid USUAL | 0.01350 | 0.0100 | get 0.0013% / 1h | 35m 32s | $386K | $232K | 3x |
Bybit USUALUSDT
Hyperliquid USUALFunding 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
- $0
- Price spread: −0.074% → −0.072%
- −$0.23
- Slippage, 4 orders
- −$98.64
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$118.88
- Costs to cover
- 1.186%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 15 min ago; Hyperliquid: live order book, 34 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, 15 min ago | 3.32 bp | 34.4 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 34 min ago | 3.69 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 USUAL/USDC PERP | −0.4025% | 1h | 0.01335 | −1.184% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0711% | 1h | 0.01348 | −0.238% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUALshort | +0.0100% | 1h | 0.01350 | −0.074% | $386K | $232K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01350 | −0.104% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDTlong | +0.0100% | 4h | 0.01351 | long leg | $997K | $914K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01352 | +0.074% | $902K | $213K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01349 | −0.118% | $5.9M | $258K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01354 | +0.222% | $280K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01352 | +0.074% | $817K | $503K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01351 | +0.015% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01356 | +0.403% | $9K | $208 | — | as long as short |
Variational Omni USUAL