Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.021%
Price spread now: Hyperliquid against Extended+0.152%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 7 days−0.130%−$13 · spread now +0.152%, 7d avg +0.078%
=Together, before fees−0.120%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.074% dearer against Extended than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BTC-USD | 85,647.7 | 0.0104 | pay 0.0013% / 1h | 55m 55s | $44.5M | $226.3M | 50x |
| Short | Hyperliquid BTC | 85,778 | 0.0100 | get 0.0013% / 1h | 55m 55s | $3.75B | $4.98B | 40x |
Extended BTC-USD
Hyperliquid BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- −$0.84
- Price spread: +0.152% → +0.078%
- $7.45
- Slippage, 4 orders
- −$0.23
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$7.62
- Costs to cover
- 0.142%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 min ago; Hyperliquid: live order book, 8 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 Extended live order book, 3 min ago | 0.06 bp | 2.6 bp −$3 | 2.6 bp −$26 | 2.8 bp −$279 | 8.4 bp −$4,190 |
| Sell Hyperliquid live order book, 8 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 4.7 bp −$474 | 5.8 bp −$2,914 |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.5928% | 1h | 85,745.9 | +0.115% | $194K | $725K | 40x | as long as short |
| Phoenix BTC | −0.0160% | 1h | 85,660 | +0.014% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,692 | +0.052% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0040% | 1h | 85,712.5 | +0.076% | $369K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0033% | 8h | 85,652.5 | +0.006% | $417.5M | $665.7M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,669.9 | +0.026% | $16.7M | $21.2M | 50x | as long as short |
| KuCoin XBTUSDTM | 0.0000% | 8h | 85,677.1 | +0.034% | $920.3M | $750.2M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,717.3 | +0.081% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0015% | 8h | 85,673.5 | +0.030% | $516.3M | $1.10B | 200x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,685.4 | +0.044% | $6.8M | $97.9M | 40x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
dYdX BTC-USD
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0031% | 1h | 85,698.4 | +0.059% | $22.6M | $218.7M | 50x | as long as short |
| BingX BTC-USDC | +0.0058% | 8h | 85,694.8 | +0.055% | — | $17.1M | — | as long as short |
| Bitget BTCUSDT | +0.0073% | 8h | 85,671.2 | +0.027% | $2.96B | $5.01B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0076% | 1h | 85,709.4 | +0.072% | $6.7M | $146.6M | 40x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,707.6 | +0.070% | $2.5M | $1.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,688.4 | +0.048% | $9.35B | $23.97B | 150x | as long as short |
| MEXC BTC_USDT | +0.0087% | 8h | 85,663.6 | +0.019% | $5.05B | $5.57B | 500x | as long as short |
| SoDEX BTC-USD | +0.0094% | 1h | 85,700 | +0.061% | $60.0M | $336.1M | 40x | as long as short |
| HTX BTC-USDT | +0.0095% | 8h | 85,704.5 | +0.066% | $2.27B | $938.3M | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,707.8 | +0.070% | $174.4M | $999.1M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,713.1 | +0.076% | $23.9M | $147.9M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,714 | +0.077% | $8.4M | $52.4M | 100x | as long as short |
| Phemex BTCUSDT | +0.0097% | 8h | 85,712.8 | +0.076% | $150.7M | $482.6M | 150x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,744.8 | +0.113% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,672 | +0.028% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTCshort | +0.0100% | 1h | 85,778 | +0.152% | $3.75B | $4.98B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 85,720.8 | +0.085% | $40.1M | $576.9M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,689.5 | +0.049% | $5.33B | $9.57B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,686.2 | +0.045% | $2.58B | $12.10B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,666 | +0.021% | $3.9M | $18.0M | 25x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,715.8 | +0.080% | $5.55B | $10.53B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,700.2 | +0.061% | $36.0M | $175.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,690.1 | +0.050% | $156.8M | $560.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,674.4 | +0.031% | $279.8M | $920.8M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,676.7 | +0.034% | $215.2M | $164.4M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,701.5 | +0.063% | $140.1M | $315.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,676 | +0.033% | $30.3M | $207.8M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,744.8 | +0.113% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,712 | +0.075% | $11.1M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,705.9 | +0.068% | $195K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,696.4 | +0.057% | $2.4M | $8.7M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,700.7 | +0.062% | $30.0M | $51.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,698.1 | +0.059% | $2.9M | $6.1M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,642.1 | −0.007% | $641.7M | $524.8M | 40x | as long as short |
| Extended BTC-USDlong | +0.0104% | 1h | 85,647.7 | long leg | $44.5M | $226.3M | 50x | |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,690.8 | +0.050% | — | $106.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,750 | +0.119% | $118.4M | $5.14B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,626 | −0.025% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,726.4 | +0.092% | $189.2M | $952.1M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0177% / S −0.0152% | 1h | 85,715.4 | +0.079% | $13.5M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 85,703.2 | +0.065% | $703K | $7.8M | 30x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,731.2 | +0.097% | $8.4M | $42.4M | 25x | as long as short |
| Deribit BTC-PERPETUAL | +0.0198% | 1h | 85,752.7 | +0.123% | $892.0M | $1.53B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0204% | 1h | 85,716.1 | +0.080% | $78K | $219K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0219% | 8h | 85,726 | +0.091% | $10.6M | $759.1M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,723.8 | +0.089% | $494K | $19.0M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
SoDEX BTC-USD
HTX BTC-USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Phemex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
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
Derive BTC-PERP
SunX BTC-USDT
Bulk BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
RISEx BTC/USDC
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
Perpl BTC