All SOL pairs

SOL funding carry: Bybit vs Hyperliquid

Entering and exiting this pair costs 2E+1 bps of notional at taker fees (7 bps at maker). Funding has to pay that back before the trade is worth anything — here is how long that takes.

Right now

Gross funding APR
16.31%
Net APY on $10k
5.22%
Break-even
114.18h
Net positive for
92m
  • Net positive for only 92 min — needs ~114.18h to break even on entry/exit costs.
Short
hyperliquid perp
SOL/USDC
Trade on hyperliquid
Long
bybit perp
SOL/USDT
Trade on bybit

Last 30 days

Above its costs
9.5% of the time
Net APY when above costs
8.35%
Net APY when below costs
-2.19%
Best single hour
62.73%

Measured on 420 hours of ranking we recorded ourselves.

Round-trip cost

Venue Taker Maker Perp instrument
Bybit 5.5 2 SOLUSDT
Hyperliquid 4.5 1.5 SOL

Other SOL pairs

How long funding takes to repay the entry

At a given gross funding APR, this is how many hours you must hold before the position has paid back entry and exit. Below that, a positive APR is still a loss.

Gross funding APR Taker in / out Maker in / out
5% 350h (14d) 123h (5d)
10% 175h (7d) 61h (2d)
20% 88h (3d) 31h
50% 35h 12h