USUAL funding rate
Hyperliquid vs Binance vs Bybit — normalized to 8h6/12/2026, 9:40:55 AM
Hyperliquid (predicted)
0.0100%
8h
Binance
0.0100%
8h
Bybit
0.0021%
8h
Cross-exchange gap
Direction: short on Hyperliquid, long on Bybit · 8.7%/yr(0.0079% / 8h)
Excludes fees, slippage and settlement timing. Informational only — not investment advice.
FAQ
What is the USUAL funding rate right now?
Normalized to 8h: Hyperliquid 0.0100%, Binance 0.0100%, Bybit 0.0021%. This page refreshes about every 5 minutes.
How is funding settled?
Hyperliquid settles hourly; Binance and Bybit typically every 8 hours. Positive funding means longs pay shorts; negative means the reverse. All values here are normalized to 8h for comparison.
Can the cross-exchange gap be arbitraged?
The current USUAL gap is ≈ 8.7%/yr. In theory you could short on Hyperliquid, long on Bybit to hedge price risk and collect the spread, but fees, slippage and settlement timing matter. Informational only — not investment advice.