Funding you earn now, next payment 02:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.037%
Price spread now: Hyperliquid against Gate+0.051%7-day average +0.043% · 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−$23as in the Price arb table
costs, in and out, $10k−$240.241% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 7 days−0.047%−$5 · spread now +0.051%, 7d avg +0.043%
=Together, before fees+0.062%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.043%, 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 | Gate BTC_USDT | 85,793.6 | 0.0080 | pay 0.0080% / 8h | 6h 51m | $5.66B | $10.35B | 200x |
| Short | Hyperliquid BTC | 85,837 | 0.0100 | get 0.0013% / 1h | 51m 26s | $3.76B | $5.02B | 40x |
Gate BTC_USDT
Hyperliquid BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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: +0.051% → +0.043%
- $0.78
- Slippage, 4 orders
- −$0.13
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$19.15
- Costs to cover
- 0.241%
- Break-even
- 38.9 days
Slippage from Gate: live order book, 3 min ago; Hyperliquid: live order book, 13 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 Gate live order book, 3 min ago | 0.01 bp | 7.5 bp −$8 | 7.5 bp −$75 | 9.7 bp −$969 | 16.2 bp −$8,117 |
| Sell Hyperliquid live order book, 13 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | doesn't fit | 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 | −0.0144% | 1h | 85,641 | −0.178% | $2.2M | $10.5M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,779 | −0.017% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0056% | 1h | 85,771.5 | −0.026% | $364K | $2.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | −0.0008% | 1h | 85,747.6 | −0.054% | $140.2M | $320.8M | 100x | as long as short |
| BloFin BTC-USDT | −0.0001% | 8h | 85,768.6 | −0.029% | $415.3M | $656.7M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,786.3 | −0.009% | $16.8M | $20.6M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,794.1 | +0.001% | $512K | $21.3M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,796 | +0.003% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0020% | 1h | 85,810 | +0.019% | $341K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0030% | 8h | 85,758.1 | −0.041% | $497.6M | $1.13B | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
ApeX Omni BTCUSDT
BloFin BTC-USDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XBTUSDTM | +0.0042% | 8h | 85,756.1 | −0.044% | $890.9M | $755.9M | 125x | as long as short |
| HTX BTC-USDT | +0.0043% | 8h | 85,756.5 | −0.043% | $2.28B | $967.2M | 200x | as long as short |
| RISEx BTC/USDC | +0.0044% | 1h | 85,783 | −0.012% | $8.1M | $42.6M | 25x | as long as short |
| BingX BTC-USDT | +0.0052% | 8h | 85,789.2 | −0.005% | — | $1.59B | — | as long as short |
| Reya BTCRUSDPERP | +0.0052% | 1h | 85,760.9 | −0.038% | $6.7M | $146.0M | 40x | as long as short |
| Bitget BTCUSDT | +0.0066% | 8h | 85,766.5 | −0.032% | $2.94B | $5.12B | 150x | as long as short |
| MEXC BTC_USDT | +0.0079% | 8h | 85,767.4 | −0.031% | $5.08B | $5.65B | 500x | as long as short |
| Gate BTC_USDTlong | +0.0080% | 8h | 85,793.6 | long leg | $5.66B | $10.35B | 200x | |
| Aevo BTC-PERP | +0.0080% | 1h | 85,763.7 | −0.035% | $2.5M | $1.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0082% | 8h | 85,780.7 | −0.015% | $9.33B | $24.58B | 150x | as long as short |
| Nado BTC-PERP | +0.0085% | 1h | 85,774.3 | −0.023% | $22.5M | $228.7M | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0088% | 1h | 85,810.4 | +0.020% | $896.6M | $1.53B | 50x | as long as short |
| SoDEX BTC-USD | +0.0096% | 1h | 85,771 | −0.026% | $60.0M | $338.1M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,766.7 | −0.031% | $170.8M | $976.0M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,792.3 | −0.002% | $23.3M | $145.0M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 85,757.5 | −0.042% | $215.4M | $162.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,780 | −0.016% | $8.4M | $52.5M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,756 | −0.044% | $201K | $7.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,779.7 | −0.016% | $3.8M | $8.8M | 50x | as long as short |
| Hyperliquid BTCshort | +0.0100% | 1h | 85,837 | +0.051% | $3.76B | $5.02B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 85,787.8 | −0.007% | $40.8M | $566.3M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,799.9 | +0.007% | $5.25B | $9.79B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,799.9 | +0.007% | $2.55B | $12.54B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,770 | −0.028% | $3.9M | $17.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,766.6 | −0.031% | $7.3M | $98.0M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,888.3 | +0.110% | $579.3M | $92.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,790.6 | −0.003% | $35.1M | $162.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,711.3 | −0.096% | $155.5M | $555.5M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,687.9 | −0.123% | $277.7M | $941.4M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,731.7 | −0.072% | $30.3M | $206.4M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,823.4 | +0.035% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,770 | −0.028% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,781.9 | −0.014% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,790.6 | −0.003% | $2.4M | $9.1M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,806.8 | +0.015% | $186K | $709K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,780 | −0.016% | $30.0M | $57.4M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,721.2 | −0.084% | $3.1M | $6.2M | 100x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,783 | −0.012% | $153.7M | $476.1M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,751.9 | −0.049% | $45.0M | $225.8M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,800.1 | +0.008% | — | $101.6M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,815.2 | +0.025% | $131.7M | $5.26B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0120% | 1h | 85,813.4 | +0.023% | $707K | $8.0M | 30x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0146% | 1h | 85,805.3 | +0.014% | $189.5M | $968.8M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0154% | 1h | 85,819 | +0.030% | $77K | $217K | 20x | as long as short |
| Kalshi KXBTCPERP | +0.0203% | 8h | 85,828 | +0.040% | $9.9M | $768.3M | 6.4x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0204% / S −0.0195% | 1h | 85,788 | −0.006% | $13.8M | — | 200x | as long as short |
KuCoin XBTUSDTM
HTX BTC-USDT
RISEx BTC/USDC
BingX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Nado BTC-PERP
Deribit BTC-PERPETUAL
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hibachi BTC/USDT-P
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Kalshi KXBTCPERP
GMX BTC/USD [WBTC.b-USDC]