Funding you earn now, next payment 05:00 UTC−0.0070%/8h= −7.6% APRnext payment −$0.09 per $10,000 · paid last 24h −0.052%
Price spread now: dYdX against Hyperliquid−0.066%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$260.262% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 7 days+0.090%+$9 · spread now −0.066%, 7d avg −0.046%
=Together, before fees−0.097%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.046%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BTC | 85,550 | 0.0100 | pay 0.0013% / 1h | 13m 25s | $3.79B | $5.02B | 40x |
| Short | dYdX BTC-USD | 85,493.3 | 0.0030 | get 0.0004% / 1h | 13m 25s | $16.8M | $21.2M | 50x |
Hyperliquid BTC
dYdX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Hyperliquid. 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
- −$14.67
- Price spread: −0.066% → −0.046%
- −$2
- Slippage, 4 orders
- −$7.19
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$42.85
- Costs to cover
- 0.262%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; dYdX: live order book, 1 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 Hyperliquid live order book, 11 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 4.9 bp −$491 | doesn't fit |
| Sell dYdX live order book, 1 min ago | 3.04 bp | 9.0 bp −$9 | 15.7 bp −$157 | 29.1 bp −$2,914 | 48.9 bp −$24.4K |
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 | −0.0140% | 1h | 85,504 | −0.054% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,540 | −0.012% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0045% | 8h | 85,457.6 | −0.108% | $919.5M | $758.1M | 125x | as long as short |
| BloFin BTC-USDT | −0.0026% | 8h | 85,488.5 | −0.072% | $419.6M | $675.9M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 85,483.3 | −0.078% | $363K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0007% | 8h | 85,451.2 | −0.116% | $514.5M | $1.10B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,482.2 | −0.079% | $503K | $18.7M | 6.7x | as long as short |
| Nado BTC-PERP | +0.0003% | 1h | 85,475 | −0.088% | $24.4M | $222.9M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,477.8 | −0.084% | $36.5M | — | 200x | as long as short |
| dYdX BTC-USDshort | +0.0030% | 1h | 85,493.3 | −0.066% | $16.8M | $21.2M | 50x |
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
Nado BTC-PERP
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0044% | 1h | 85,552 | +0.002% | $340K | $26.9M | 52x | as long as short |
| SoDEX BTC-USD | +0.0049% | 1h | 85,462 | −0.103% | $59.9M | $335.9M | 40x | as long as short |
| Deribit BTC-PERPETUAL | +0.0061% | 1h | 85,506.9 | −0.050% | $872.2M | $1.60B | 50x | as long as short |
| BingX BTC-USDT | +0.0063% | 8h | 85,484 | −0.077% | — | $1.55B | — | as long as short |
| Phemex BTCUSDT | +0.0068% | 8h | 85,475.8 | −0.087% | $148.7M | $497.0M | 150x | as long as short |
| Bitget BTCUSDT | +0.0079% | 8h | 85,463.7 | −0.101% | $2.95B | $5.12B | 150x | as long as short |
| Binance BTCUSDT | +0.0093% | 8h | 85,466 | −0.098% | $9.44B | $24.47B | 150x | as long as short |
| MEXC BTC_USDT | +0.0093% | 8h | 85,463 | −0.102% | $5.08B | $5.67B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,489 | −0.071% | $172.0M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,486.4 | −0.074% | $23.9M | $149.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,464 | −0.101% | $8.4M | $55.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 85,456.7 | −0.109% | $2.7M | $3.4M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,462 | −0.103% | $228K | $8.4M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,537 | −0.015% | $5.7M | $9.4M | 50x | as long as short |
| Hyperliquid BTClong | +0.0100% | 1h | 85,550 | long leg | $3.79B | $5.02B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 85,511.8 | −0.045% | $40.4M | $591.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,457.3 | −0.108% | $5.17B | $9.87B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,468.2 | −0.096% | $2.59B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,471 | −0.092% | $3.8M | $17.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,474.4 | −0.088% | $4.7M | $99.4M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,479.2 | −0.083% | $5.53B | $10.85B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,456 | −0.110% | $36.4M | $178.5M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,488.9 | −0.071% | $154.5M | $565.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,507.9 | −0.049% | $279.4M | $932.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,529.2 | −0.024% | $214.9M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,566.9 | +0.020% | $139.9M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,472 | −0.091% | $30.2M | $206.7M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,530.7 | −0.023% | — | $11.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,462 | −0.103% | $11.1M | $14.3M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,464.1 | −0.100% | $204K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,458.1 | −0.107% | $2.5M | $8.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,508.2 | −0.049% | $207K | $737K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,449.3 | −0.118% | $30.0M | $50.1M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,457.4 | −0.108% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,466.3 | −0.098% | $2.26B | $950.0M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,447 | −0.120% | $679.5M | $701.9M | 40x | as long as short |
| Reya BTCRUSDPERP | +0.0104% | 1h | 85,452.5 | −0.114% | $6.6M | $147.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,449.8 | −0.117% | $45.7M | $235.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 85,504.1 | −0.054% | — | $106.4M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,501.5 | −0.057% | $117.0M | $5.26B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0135% | 1h | 85,479.5 | −0.082% | $187.7M | $956.6M | 100x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,511.5 | −0.045% | $8.6M | $42.9M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,492.2 | −0.068% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0176% | 8h | 85,519 | −0.036% | $11.4M | $753.5M | 6.4x | as long as short |
| Hibachi BTC/USDT-P | +0.0240% | 1h | 85,555.1 | +0.006% | $700K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0251% | 1h | 85,524.6 | −0.030% | $78K | $222K | 20x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
Deribit BTC-PERPETUAL
BingX BTC-USDT
Phemex BTCUSDT
Bitget BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus 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
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Reya BTCRUSDPERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD