Live funding rate spread between Hyperliquid, Binance, and Bybit — correctly annualized
What this measures: Hyperliquid's predictedFundings endpoint reports the next predicted funding rate for the same coin across Hyperliquid, Binance Perp, and Bybit Perp in a single call. Hyperliquid settles funding hourly, while Binance and Bybit settle every 8 hours — this tool annualizes every rate as rate × (24 / intervalHours) × 365 before comparing, so the spread you see is a fair apples-to-apples APR, not a raw rate mismatch.
What this does NOT do: this is not a trading signal, does not account for trading fees, slippage, borrow costs, or the capital needed to hold both legs of a hedge simultaneously. A large spread does not mean a risk-free arbitrage — funding rates change every settlement period, and executing a real cross-exchange hedge has real costs this tool does not model.