Funding you earn now, next payment 22:00 UTC+0.0037%/8h= +4.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.021%
Price spread now: Hyperliquid against RISEx+0.047%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$180.182% of the position
Funding, last 3 days (all we have)+0.031%+$3 on $10k
+Price spread, last 7 days−0.065%−$7 · spread now +0.047%, 7d avg +0.030%
=Together, before fees−0.034%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, 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 | RISEx BTC/USDC | 86,659 | 0.0063 | pay 0.0008% / 1h | 50m 19s | $9.2M | $42.2M | 25x |
| Short | Hyperliquid BTC | 86,700 | 0.0100 | get 0.0013% / 1h | 50m 19s | $3.84B | $5.10B | 40x |
RISEx BTC/USDC
Hyperliquid BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against RISEx. 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
- $7.87
- Price spread: +0.047% → +0.030%
- $1.73
- Slippage, 4 orders
- −$3.16
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$8.56
- Costs to cover
- 0.182%
- Break-even
- 14.6 days
Slippage from RISEx: live order book, 4 min ago; Hyperliquid: live order book, 4 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 RISEx live order book, 4 min ago | 0.01 bp | 3.0 bp −$3 | 3.1 bp −$31 | 12.9 bp −$1,291 | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.06 bp | 4.8 bp −$5 | 5.1 bp −$51 | 6.3 bp −$627 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0335% | 43m | 86,641.3 | −0.020% | $428K | $25.4M | 6.7x | as long as short |
| Aftermath Perps BTCUSD | −0.0197% | 1h | 86,736 | +0.089% | $85K | $188K | 20x | as long as short |
| Phoenix BTC | −0.0103% | 1h | 86,701 | +0.048% | $2.2M | $12.4M | 40x | as long as short |
| dYdX BTC-USD | −0.0093% | 1h | 86,651.2 | −0.009% | $18.0M | $20.0M | 50x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,622 | −0.043% | $9K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0002% | 8h | 86,627.7 | −0.036% | $845.1M | $708.9M | 125x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 86,662.3 | +0.004% | $361K | $2.5M | 50x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,662.2 | +0.004% | $921.9M | $1.38B | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0005% | 1h | 86,638.2 | −0.024% | $36.6M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0013% | 8h | 86,611.3 | −0.055% | $505.7M | $1.16B | 200x | as long as short |
Perpl BTC
Aftermath Perps BTCUSD
Phoenix BTC
dYdX BTC-USD
Hotstuff BTC-PERP
KuCoin XBTUSDTM
01 Exchange BTCUSD
Deribit BTC-PERPETUAL
gTrade (Gains Network) BTC/USD
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0020% | 8h | 86,609.2 | −0.057% | — | $15.3M | — | as long as short |
| Reya BTCRUSDPERP | +0.0021% | 1h | 86,624.2 | −0.040% | $6.7M | $143.9M | 40x | as long as short |
| Phemex BTCUSDT | +0.0025% | 8h | 86,615.5 | −0.050% | $149.5M | $469.5M | 150x | as long as short |
| Bitget BTCUSDT | +0.0026% | 8h | 86,627.3 | −0.037% | $2.95B | $5.08B | 150x | as long as short |
| MEXC BTC_USDT | +0.0047% | 8h | 86,627.3 | −0.037% | $5.20B | $5.63B | 500x | as long as short |
| Binance BTCUSDT | +0.0048% | 8h | 86,613.6 | −0.052% | $9.44B | $24.34B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 86,613.8 | −0.052% | $2.4M | $1.3M | 20x | as long as short |
| Injective BTC/USDC PERP | +0.0049% | 1h | 86,732 | +0.084% | $315K | $26.8M | 52x | as long as short |
| OKX BTC-USDT-SWAP | +0.0059% | 8h | 86,613.3 | −0.053% | $2.57B | $12.73B | 100x | as long as short |
| RISEx BTC/USDClong | +0.0063% | 1h | 86,659 | long leg | $9.2M | $42.2M | 25x | |
| Gate BTC_USDT | +0.0063% | 8h | 86,612.6 | −0.054% | $5.85B | $10.57B | 200x | as long as short |
| Bybit BTCUSDT | +0.0077% | 8h | 86,606.5 | −0.061% | $5.28B | $9.69B | 150x | as long as short |
| Variational Omni BTC | +0.0088% | 8h | 86,626.8 | −0.037% | $159.8M | $564.2M | — | as long as short |
| GRVT BTC_USDT_Perp | +0.0095% | 8h | 86,798 | +0.160% | $217.8M | $191.2M | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,647.8 | −0.013% | $172.2M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,653.8 | −0.006% | $24.1M | $152.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,641 | −0.021% | $8.5M | $52.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0096% | 1h | 86,613 | −0.053% | $60.5M | $336.4M | 40x | as long as short |
| Orderly PERP_BTC_USDC | +0.0098% | 8h | 86,620.2 | −0.045% | $2.5M | $8.4M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,701.7 | +0.049% | $4.8M | $8.2M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,630 | −0.033% | $200K | $6.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,641 | −0.021% | $21.8M | $237.7M | 50x | as long as short |
| Hyperliquid BTCshort | +0.0100% | 1h | 86,700 | +0.047% | $3.84B | $5.10B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 86,672 | +0.015% | $41.5M | $484.5M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,638 | −0.024% | $3.9M | $18.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,720.4 | +0.071% | $7.6M | $95.4M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,665 | +0.007% | $572.2M | $23.5M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,621.8 | −0.043% | $38.2M | $148.1M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,704.2 | +0.052% | $280.1M | $946.6M | 100x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,714.1 | +0.064% | $141.9M | $322.6M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,664 | +0.006% | $30.8M | $205.9M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,695.3 | +0.042% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,649 | −0.012% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,613.5 | −0.052% | $198K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,633 | −0.030% | $141K | $619K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,612.1 | −0.054% | $30.0M | $61.5M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,641.8 | −0.020% | $3.4M | $5.6M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,626.2 | −0.038% | $2.30B | $956.4M | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0101% | 8h | 86,679 | +0.023% | $8.9M | $725.3M | 6.4x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,635.7 | −0.027% | $46.6M | $229.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,663.1 | +0.005% | — | $97.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0116% | 1h | 86,657.9 | −0.001% | $192.1M | $927.2M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,662.8 | +0.004% | $131.9M | $5.92B | 50x | as long as short |
| BloFin BTC-USDT | +0.0168% | 8h | 86,613.6 | −0.052% | $418.1M | $642.2M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0181% / S −0.0199% | 1h | 86,631.1 | −0.032% | $15.4M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0208% | 1h | 86,672.4 | +0.015% | $598K | $7.2M | 30x | as long as short |
BingX BTC-USDC
Reya BTCRUSDPERP
Phemex BTCUSDT
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Injective BTC/USDC PERP
OKX BTC-USDT-SWAP
Gate BTC_USDT
Bybit BTCUSDT
Variational Omni BTC
GRVT BTC_USDT_Perp
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
SoDEX BTC-USD
Orderly PERP_BTC_USDC
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Kalshi KXBTCPERP
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P