Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%
Price spread now: Hyperliquid against HTX+0.100%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.100%, 7d avg +0.091%
=Together, before fees+0.096%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX BTC-USDT | 86,483.9 | 0.0100 | pay 0.0100% / 8h | 16m 14s | $2.30B | $968.2M | 200x |
| Short | Hyperliquid BTC | 86,570 | 0.0100 | get 0.0013% / 1h | 16m 14s | $3.79B | $5.11B | 40x |
HTX BTC-USDT
Hyperliquid BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against HTX. 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
- Price spread: +0.100% → +0.091%
- $0.86
- Slippage, 4 orders
- −$0.13
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$20.27
- Costs to cover
- 0.211%
- Break-even
- never at this rate
Slippage from HTX: 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 HTX live order book, 3 min ago | 0.01 bp | 6.0 bp −$6 | 7.1 bp −$71 | 8.8 bp −$884 | 11.4 bp −$5,680 |
| Sell Hyperliquid live order book, 8 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 4.6 bp −$461 | 6.2 bp −$3,108 |
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 | −0.0118% | 1h | 86,476 | −0.009% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,473 | −0.013% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,345 | −0.161% | $332K | $26.9M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,504.8 | +0.024% | $8.3M | $42.7M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,503.2 | +0.022% | $359K | $2.4M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,479.1 | −0.006% | $410K | $22.7M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,501.2 | +0.020% | $36.8M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0005% | 8h | 86,495.7 | +0.014% | $501.8M | $1.15B | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0018% | 8h | 86,497 | +0.015% | $834.8M | $728.5M | 125x | as long as short |
| Reya BTCRUSDPERP | +0.0034% | 1h | 86,491.7 | +0.009% | $6.7M | $145.5M | 40x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Perpl BTC
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
KuCoin XBTUSDTM
Reya BTCRUSDPERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0042% | 8h | 86,469.5 | −0.017% | — | $15.4M | — | as long as short |
| Phemex BTCUSDT | +0.0052% | 8h | 86,483.8 | 0.000% | $150.4M | $478.4M | 150x | as long as short |
| Bitget BTCUSDT | +0.0053% | 8h | 86,479.5 | −0.005% | $2.97B | $5.13B | 150x | as long as short |
| dYdX BTC-USD | +0.0063% | 1h | 86,501.8 | +0.021% | $16.9M | $21.2M | 50x | as long as short |
| MEXC BTC_USDT | +0.0070% | 8h | 86,495.1 | +0.013% | $5.16B | $5.68B | 500x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,473.6 | −0.012% | $2.4M | $1.3M | 20x | as long as short |
| Binance BTCUSDT | +0.0072% | 8h | 86,485.8 | +0.002% | $9.43B | $24.55B | 150x | as long as short |
| Gate BTC_USDT | +0.0081% | 8h | 86,487.1 | +0.004% | $5.86B | $10.79B | 200x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,497 | +0.015% | $170.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,505.8 | +0.025% | $23.9M | $152.6M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,495 | +0.013% | $8.5M | $52.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0097% | 8h | 86,486 | +0.002% | $5.26B | $9.80B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,479 | −0.006% | $196K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,543.6 | +0.069% | $4.8M | $8.5M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,494.4 | +0.012% | $21.8M | $234.2M | 50x | as long as short |
| Hyperliquid BTCshort | +0.0100% | 1h | 86,570 | +0.100% | $3.79B | $5.11B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 86,529 | +0.052% | $41.1M | $535.5M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,488.1 | +0.005% | $2.55B | $12.74B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,507 | +0.027% | $3.9M | $18.5M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,528.7 | +0.052% | $7.4M | $95.7M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,449 | −0.040% | $572.1M | $12.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,454.6 | −0.034% | $38.0M | $157.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,485.4 | +0.002% | $157.1M | $568.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,410.1 | −0.085% | $279.1M | $946.9M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,458.4 | −0.029% | $217.1M | $172.3M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,463.9 | −0.023% | $141.4M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,430.9 | −0.061% | $30.7M | $206.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,535 | +0.059% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,498 | +0.016% | $11.1M | $13.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,485.8 | +0.002% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,479.7 | −0.005% | $2.4M | $9.3M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,515.6 | +0.037% | $140K | $663K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,514.9 | +0.036% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,483.2 | −0.001% | $3.4M | $5.3M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 86,484 | 0.000% | $60.5M | $338.2M | 40x | as long as short |
| HTX BTC-USDTlong | +0.0100% | 8h | 86,483.9 | long leg | $2.30B | $968.2M | 200x | |
| Extended BTC-USD | +0.0104% | 1h | 86,470.6 | −0.015% | $45.6M | $227.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,491.3 | +0.009% | — | $99.1M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,520.4 | +0.042% | $192.8M | $953.7M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,533.9 | +0.058% | $132.0M | $5.65B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0136% | 1h | 86,535.5 | +0.060% | $912.5M | $1.48B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0155% | 1h | 86,469.9 | −0.016% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0176% | 1h | 86,471.3 | −0.015% | $728K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0191% | 8h | 86,433.2 | −0.059% | $415.8M | $658.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0198% / S −0.0221% | 1h | 86,496.7 | +0.015% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0206% | 8h | 86,513 | +0.034% | $9.9M | $749.3M | 6.4x | as long as short |
BingX BTC-USDC
Phemex BTCUSDT
Bitget BTCUSDT
dYdX BTC-USD
MEXC BTC_USDT
Aevo BTC-PERP
Binance BTCUSDT
Gate BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
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
SunX BTC-USDT
SoDEX BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP