SPX funding arbitrage: bybit vs hyperliquid

Long SPXUSDT on bybit against short SPX on hyperliquid.

SideExchangeSymbolFundingFunding APR24h volumeOpen interest
LongbybitSPXUSDT0.0050% / 4h+10.95%$4.72M$7.20M
ShorthyperliquidSPX0.0024% / 1h+21.43%$1.94M$7.20M

Funding spread +10.48% APR. Price spread +0.3377%.

Data generated at 2026-09-01T05:32:34Z. Live numbers load on this page automatically.