Bybitvs
Hotcoin
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 161 liquid markets shared by Bybit and Hotcoin, the best funding setup over the past 7 days is $ARIA (long Hotcoin, short Bybit): it paid 211.5% APR, 199.5% after costs, and held 97% of the time.
161 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs β not by the instantaneous APR.
| Coin | Long | Short | 7d avg | After costs | Holds | Pays back | |
|---|---|---|---|---|---|---|---|
| $ARIA | Hotcoin | Bybit | 211.5% now 23.0% | 199.5% | 97% | <1 d | Backtest β |
| $BRENT | Bybit | Hotcoin | 164.8% now 21.9% | 152.8% | 55% | <1 d | Backtest β |
| $JCT | Hotcoin | Bybit | 120.9% now -105.7% | 108.9% | 36% | <1 d | Backtest β |
| $WTI | Bybit | Hotcoin | 46.6% now 21.9% | 34.6% | 33% | 2 d | Backtest β |
| $SIREN | Hotcoin | Bybit | 45.1% now 0.0% | 33.1% | 62% | 2 d | Backtest β |
| $SOON | Bybit | Hotcoin | 42.9% now 23.4% | 30.9% | 70% | 2 d | Backtest β |
| $ESPORTS | Bybit | Hotcoin | 42.5% now 62.0% | 30.5% | 41% | 2 d | Backtest β |
| $TA | Bybit | Hotcoin | 40.9% now 34.2% | 28.9% | 93% | 2 d | Backtest β |
| $CAP | Bybit | Hotcoin | 35.7% now 74.4% | 23.7% | 79% | 2 d | Backtest β |
| $EVAA | Hotcoin | Bybit | 23.9% now 28.2% | 11.9% | 60% | 4 d | Backtest β |
| $B2 | Bybit | Hotcoin | 23.2% now 103.3% | 11.2% | 54% | 4 d | Backtest β |
| $WLFI | Bybit | Hotcoin | 19.3% now 29.7% | 7.3% | 61% | 4 d | Backtest β |
| $1000PEPE | Bybit | Hotcoin | 18.5% now -5.2% | 6.5% | 57% | 5 d | Backtest β |
| $SNDK | Bybit | Hotcoin | 18.0% now 5.8% | 6.0% | 75% | 5 d | Backtest β |
| $TRUMP | Bybit | Hotcoin | 16.9% now -5.2% | 4.9% | 47% | 5 d | Backtest β |
β7d avgβ is the funding spread the pair actually paid over the last 7 days. βAfter costsβ subtracts taker fees for opening and closing both legs over a 7-day hold. βHoldsβ is the share of hours the spread kept the same sign and at least 5% APR.
| Bybit | Hotcoin | |
|---|---|---|
| Type | CEX | CEX |
| Taker fee | 0.055%β | 0.06% |
| Maker fee | 0.02% | 0.02% |
| Open Interest | $10.67Bβ | $1.89B |
| 24h Volume | $15.73Bβ | $7.62B |
| Avg Funding APR | 1.43% | 10.03% |
| Markets | 812β | 598 |
| Airdrop / token | Listed | Listed |
Bybit and Hotcoin are both perpetual-futures venues tracked on ORBIT. On fees, Bybit is cheaper (0.055% vs 0.06% taker). On liquidity, Bybit is deeper with $10.67B open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely βone or the otherβ β you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where Bybit and Hotcoin diverge right now, then verify the pair in the backtester.
How this pair behaves
Of 15 setups between Bybit and Hotcoin with 7 days of payouts, 15 stay positive after entry and exit costs. In a typical setup the spread keeps its sign and at least 5% APR 60% of the hours. Opening and closing both legs costs a median 0.23% of the position, paid back in about 2 days. The instantaneous rate is often higher than the weekly one: pick by the "7d avg" and "After costs" columns, not by the current APR.
Related venue pairs
Frequently asked questions
- Which funding setup between Bybit and Hotcoin pays most?
- Across 161 liquid markets shared by Bybit and Hotcoin, the best funding setup over the past 7 days is $ARIA (long Hotcoin, short Bybit): it paid 211.5% APR, 199.5% after costs, and held 97% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is Bybit or Hotcoin cheaper?
- Bybit charges 0.055% taker / 0.02% maker; Hotcoin charges 0.06% taker / 0.02% maker. Bybit has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, Bybit or Hotcoin?
- Bybit has $10.67B open interest across 812 markets; Hotcoin has $1.89B across 598. Bybit is deeper, which means lower slippage at size.
- Can I run funding arbitrage between Bybit and Hotcoin?
- Yes β when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.