Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Hyperliquid+0.059%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as 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)+0.029%+$3 · spread now +0.059%, 7d avg +0.072%
=Together, before fees+0.149%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid USUAL | 0.01354 | 0.0100 | pay 0.0013% / 1h | 43m 17s | $387K | $233K | 3x |
| Short | Bybit USUALUSDT | 0.01355 | 0.0100 | get 0.0050% / 4h | 1h 43m | $1.0M | $914K | 25x |
Hyperliquid USUAL
Bybit USUALUSDTFunding 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: +0.059% → +0.072%
- −$1.26
- Slippage, 4 orders
- −$98.64
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$119.9
- Costs to cover
- 1.186%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 27 min ago; Bybit: live order book, 7 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, 27 min ago | 3.69 bp | 23.8 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 3.32 bp | 32.5 bp −$33 | 198.9 bp −$1,989 | 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 | −1.403% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0708% | 1h | 0.01353 | −0.039% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUALlong | +0.0100% | 1h | 0.01354 | long leg | $387K | $233K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01354 | +0.006% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDTshort | +0.0100% | 4h | 0.01355 | +0.059% | $1.0M | $914K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01356 | +0.148% | $905K | $213K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01354 | −0.037% | $5.9M | $258K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01357 | +0.222% | $281K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01355 | +0.074% | $820K | $502K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01354 | +0.037% | — | $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 | 0.01354 | +0.013% | $9K | $208 | — | as long as short |
Variational Omni USUAL