Settings8H · net · $10k
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Funding arb · Price arb / Crypto

BTC

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Hyperliquid SpotUBTC/USDC · Unit Bitcoin
75,601.5spotno funding——$44.5M1xBuy Hyperliquid Spot4% off
SHORT
HyperliquidBTC
75,688+0.0100get 0.0013% / 1h52m 05s$3.02B$4.24B40xShort Hyperliquid4% off
Price gap+0.114%
Funding gap+0.0100% /8h

Both sides work: funding pays +$3 a day on $10k, and the gap is 0.024% above its 7d average: +$2 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$19+0.0100% /8h now · paid +0.192% over the last 7D
Price+$2spread +0.114% now, avg +0.091% → +0.024% if it goes back
Costs−$230.233% of $10k · taker + slippage, in and out
Result−$2−0.02%+ Points / potential airdropHyperliquid: Season 2 · farm board

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.114%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

BTC on 55 exchanges

lowest funding first

Before you open

5 ok · 0 to watch
  • OK: Fits both order books7.1 / 4.6 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Spot in full, margin on the short$10,000 + $250
    The spot leg is bought with the whole $10k; Hyperliquid runs at up to 40x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Hyperliquid.
  • OK: Only the short pays funding— / 1h
    The spot leg pays no funding; Hyperliquid settles every 1h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Hyperliquid Spot: 0 payments, $0.00; short Hyperliquid: 24 payments, +$3.00.
  • OK: Entry gap works for you+0.114% vs +0.091%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$3.02B OI
    Only Hyperliquid reports one; the spot book's depth is in the cost check above.
  • OK: Points on a legHyperliquid Season 2
    Volume here counts toward the points program.
  • OK: No KYC on either legHyperliquid Spot No · Hyperliquid No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0091%/8h × 21 periods+$19.21
Price spread+0.114% → +0.091% (7d avg)+$2.39
Slippage, 4 orderslive order books−$0.26
Fee Hyperliquid Spot bp × 2 orders−$14.00
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$1.67
Costs to cover0.233%Break-even7.6 days
Slippage: Hyperliquid Spot: live order book, 6 min ago; Hyperliquid: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGHyperliquid Spot0.077.1 bp−$77.7 bp−$7711.8 bp−$1,176doesn’t fit
SELL · SHORTHyperliquid0.074.6 bp−$54.6 bp−$464.6 bp−$4575.0 bp−$2,479

Closing costs about the same again.

Alert

BTC news

posts that mention BTC, from every exchange
11-05 15:14InjectiveOther@Nasdaq @BitGo 4/ $INJ now joins $BTC, $ETH and $SOL among the few major crypto assets with a dedicated U.S. ETF. A major step in bringing Injective to traditional capital markets. @injective on X ↗
11-05 15:09RISExOtherSince August, trading on RISEx has become much cheaper with far less slippage; the pool is being adjusted to support these improvements. $100K orders are cheaper across $BTC, $ETH, $XAU, $SPY and $QQQ. Index ETFs improved most, about 85% cheaper, with gold about 65%. $200K $SPY and $QQQ orders couldn’t reliably fill within 20 bps in August. By October, they were closer to 2 bps. Your size continues to add depth to the book, and every large order brings in more liquidity and raises the bar for what RISEx has to deliver. RISEx is still the only venue that pays slippage back. Keep sizing up. @risextrade on X ↗
11-05 13:48PacificaOtherHow does BTC’s performance compare to ETH and SOL? With Neptune, you’ll be able to turn that question into a dashboard, showing how each asset performed, how far it fell from its highs, and how closely their prices moved together. Choose the assets and timeframe in plain language, and explore the results within your workspace. @pacifica_fi on X ↗
11-05 12:17PhemexOtherethereum:native +7.4%. $BTC +4.8%. When risk is back on, which one do you reach for first? 👉 ethereum:native/USDT: @Phemex_official on X ↗
11-05 12:16PhemexOtherBTC ETFs just flipped: ~$276M net inflow in one day. Real demand or short covering? 🏦 / 🔄 👉 ethereum:native/USDT: @Phemex_official on X ↗
11-05 09:55PhemexOther$BTC dipped to ~$75.6K overnight. Reclaimed $80K the same day. Caught the dip 🟢 or bought the reclaim 🔴? 👉 @Phemex_official on X ↗