Funding you earn now, next payment 03:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.028%
Price spread now: Hyperliquid against Aevo+0.109%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now +0.109%, 7d avg +0.092%
=Together, before fees+0.215%+ Points / potential airdropHyperliquid: Season 2 · farm board+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.092%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo BTC-PERP | 85,582 | 0.0080 | pay 0.0010% / 1h | 45m 10s | $2.5M | $1.7M | 20x |
| Short | Hyperliquid BTC | 85,675 | 0.0100 | get 0.0013% / 1h | 45m 10s | $3.78B | $4.94B | 40x |
Aevo BTC-PERP
Hyperliquid BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.2
- Price spread: +0.109% → +0.092%
- $1.7
- Slippage, 4 orders
- −$5.55
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$24.65
- Costs to cover
- 0.306%
- Break-even
- 48.1 days
Slippage from Aevo: live order book, 4 min ago; Hyperliquid: live order book, 9 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aevo live order book, 4 min ago | 2.71 bp | 10.7 bp −$11 | 10.7 bp −$107 | 16.3 bp −$1,630 | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 5.1 bp −$515 | doesn't fit |
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0160% | 1h | 85,485 | −0.113% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,518 | −0.075% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,566.5 | −0.018% | $367K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0030% | 8h | 85,579.2 | −0.003% | $416.4M | $660.4M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,541.1 | −0.048% | $16.7M | $20.9M | 50x | as long as short |
| Nado BTC-PERP | +0.0002% | 1h | 85,570.3 | −0.014% | $22.6M | $221.7M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,575.4 | −0.008% | $36.6M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0015% | 8h | 85,574.3 | −0.009% | $906.8M | $747.1M | 125x | as long as short |
| Aster BTCUSDT | +0.0018% | 8h | 85,579.9 | −0.002% | $515.9M | $1.11B | 200x | as long as short |
| BingX BTC-USDC | +0.0053% | 8h | 85,602.9 | +0.024% | — | $17.0M | — | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
Nado BTC-PERP
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Aster BTCUSDT
BingX BTC-USDCShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0066% | 1h | 85,563 | −0.022% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0067% | 8h | 85,611.3 | +0.034% | $2.95B | $5.02B | 150x | as long as short |
| HTX BTC-USDT | +0.0074% | 8h | 85,575 | −0.008% | $2.27B | $931.3M | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,617 | +0.041% | $340K | $26.9M | 52x | as long as short |
| Aevo BTC-PERPlong | +0.0080% | 1h | 85,582 | long leg | $2.5M | $1.7M | 20x | |
| Phemex BTCUSDT | +0.0083% | 8h | 85,581.7 | 0.000% | $148.3M | $478.3M | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,610.1 | +0.033% | $5.05B | $5.60B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,616.1 | +0.040% | $9.34B | $23.87B | 150x | as long as short |
| SunX BTC-USDT | +0.0088% | 8h | 85,537.4 | −0.052% | $2.9M | $6.1M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,605.1 | +0.027% | $169.5M | $986.3M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,594.5 | +0.015% | $23.9M | $147.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,569 | −0.015% | $8.4M | $51.7M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,587.1 | +0.006% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,537 | −0.053% | $205K | $7.7M | 50x | as long as short |
| Hyperliquid BTCshort | +0.0100% | 1h | 85,675 | +0.109% | $3.78B | $4.94B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 85,563.1 | −0.022% | $40.1M | $571.1M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,624.2 | +0.049% | $5.34B | $9.58B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,615.6 | +0.039% | $2.56B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,566 | −0.019% | $3.9M | $17.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,523.9 | −0.068% | $7.2M | $97.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,562.7 | −0.023% | $616.1M | $358.9M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,619.9 | +0.044% | $5.55B | $10.44B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,605 | +0.027% | $35.0M | $171.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,485 | −0.113% | $154.0M | $550.0M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,439.2 | −0.167% | $278.7M | $931.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,432.8 | −0.174% | $214.5M | $161.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,513.3 | −0.080% | $139.9M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,470.3 | −0.131% | $30.3M | $211.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,597.6 | +0.018% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,560 | −0.026% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,570 | −0.014% | $188K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,582 | 0.000% | $2.4M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,624.3 | +0.049% | $197K | $722K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,581 | −0.001% | $30.0M | $52.6M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,586 | +0.005% | $59.9M | $336.3M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,563.8 | −0.021% | $44.1M | $227.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,505 | −0.090% | — | $105.2M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,623.1 | +0.048% | $130.9M | $5.07B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,593.2 | +0.013% | $8.4M | $42.2M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0133% | 1h | 85,625.1 | +0.050% | $894.3M | $1.52B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,615.9 | +0.040% | $187.4M | $948.7M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0199% | 1h | 85,546.7 | −0.041% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,464.2 | −0.138% | $698K | $7.8M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0180% | 1h | 85,575 | −0.008% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0211% | 8h | 85,567 | −0.018% | $10.6M | $760.0M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,582 | 0.000% | $528K | $19.6M | 6.7x | as long as short |
Reya BTCRUSDPERP
Bitget BTCUSDT
HTX BTC-USDT
Injective BTC/USDC PERP
Phemex BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
SunX BTC-USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SoDEX BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC