VOOI Ultra – MERL Arbitrage

Bybit
LongBybit/USDT
Hyperliquid
ShortHyperliquid/USDC
Watch guideDocs
Bybit
Bybit
$0.00
Long
Hyperliquid
Hyperliquid
$0.00
Short
P Spread
F Spread
0.0037%
Exchange
Price
Funding (1h)
Funding (8h)
Funding (actual)
OI
Volume
BybitUSDT
–
-0.0024%
-0.0193%
–—
$870.8K
–
HyperliquidUSDC
–
+0.0013%
+0.0100%
–—
$517K
–

Historical Funding Spread

Funding Spread 1h+0.0037%right axis
Long · Bybit-0.0024%left axis
Short · Hyperliquid+0.0013%left axis
Leg funding rates (1h)Funding Spread (1h)
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Open a position: MERL
–
Long
BybitBybit
%
Short
HyperliquidHyperliquid
%
New
Opens gradually — less slippage on thin books
Available margin:–
Required margin:–
Position size:–
Mid price:–
Est. Liquidation price:–
Est. Entry price:–
Est. slippage:–
Available margin:–
Required margin:–
Position size:–
Mid price:–
Est. Liquidation price:–
Est. Entry price:–
Est. slippage:–
P Spread
F Spread
0.0037%
Bybit
Long
Price
Size (MERL)
Total (MERL)
--
Spread --
Hyperliquid
Short
Price
Size (MERL)
Total (MERL)
--
Spread --
Entry Economics
Est. round-trip cost–
Break-even funding periods–
Est. funding income 8h / 24h–
Gross APR (funding)32.07%
Required margin–
Est. liquidation (L / S)–