BTC funding arbitrage: bybit vs hyperliquid

Long BTCUSDT on bybit against short BTC on hyperliquid.

SideExchangeSymbolFundingFunding APR24h volumeOpen interest
LongbybitBTCUSDT0.0095% / 8h+10.43%$4.77B$2.10B
ShorthyperliquidBTC0.0013% / 1h+10.95%$2.43B$3.01B

Funding spread +0.52% APR. Price spread +0.0429%.

Data generated at 2026-09-01T05:32:54Z. Live numbers load on this page automatically.