Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%
Price spread now: Hyperliquid against SunX+0.105%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$200.196% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 3 days (all we have)+0.025%+$2 · spread now +0.105%, 7d avg +0.085%
=Together, before fees+0.079%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BTC-USDT | 86,629.4 | 0.0100 | pay 0.0100% / 8h | 1h 38m | $3.4M | $5.4M | 100x |
| Short | Hyperliquid BTC | 86,720 | 0.0100 | get 0.0013% / 1h | 38m 55s | $3.82B | $5.08B | 40x |
SunX BTC-USDT
Hyperliquid BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against SunX. 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: +0.105% → +0.085%
- $1.93
- Slippage, 4 orders
- −$2.62
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$17.69
- Costs to cover
- 0.196%
- Break-even
- never at this rate
Slippage from SunX: live order book, 10 min ago; Hyperliquid: live order book, 5 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 SunX live order book, 10 min ago | 0.96 bp | 5.0 bp −$5 | 5.5 bp −$55 | 7.7 bp −$768 | 11.1 bp −$5,542 |
| Sell Hyperliquid live order book, 5 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 5.4 bp −$540 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bluefin BTC-PERP | −0.0874% | 1h | 86,654.1 | +0.029% | $141K | $618K | 40x | as long as short |
| Aftermath Perps BTCUSD | −0.0163% | 1h | 86,650.5 | +0.024% | $83K | $206K | 20x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,688 | +0.068% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,631 | +0.002% | $9K | $3K | 50x | as long as short |
| dYdX BTC-USD | −0.0011% | 1h | 86,679.3 | +0.058% | $17.5M | $20.3M | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,651 | +0.025% | $359K | $2.4M | 50x | as long as short |
| Aster BTCUSDT | −0.0007% | 8h | 86,639.9 | +0.012% | $505.6M | $1.15B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,669.8 | +0.047% | $419K | $23.9M | 6.7x | as long as short |
| KuCoin XBTUSDTM | +0.0001% | 8h | 86,629.4 | 0.000% | $852.1M | $707.5M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,657.7 | +0.033% | $36.9M | — | 200x | as long as short |
Bluefin BTC-PERP
Aftermath Perps BTCUSD
Phoenix BTC
Hotstuff BTC-PERP
dYdX BTC-USD
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit BTC-PERPETUAL | +0.0005% | 1h | 86,672.4 | +0.050% | $925.6M | $1.47B | 50x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,632.4 | +0.003% | $8.6M | $43.2M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,631.6 | +0.003% | $6.7M | $144.8M | 40x | as long as short |
| Phemex BTCUSDT | +0.0023% | 8h | 86,634.4 | +0.006% | $150.1M | $473.5M | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | −0.081% | $315K | $26.8M | 52x | as long as short |
| BingX BTC-USDC | +0.0032% | 8h | 86,625.3 | −0.005% | — | $15.3M | — | as long as short |
| Hibachi BTC/USDT-P | +0.0032% | 1h | 86,713.3 | +0.097% | $733K | $8.2M | 30x | as long as short |
| Bitget BTCUSDT | +0.0042% | 8h | 86,645 | +0.018% | $2.96B | $5.07B | 150x | as long as short |
| MEXC BTC_USDT | +0.0061% | 8h | 86,645.5 | +0.019% | $5.19B | $5.64B | 500x | as long as short |
| Binance BTCUSDT | +0.0061% | 8h | 86,642.1 | +0.015% | $9.43B | $24.31B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,625.1 | −0.005% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0080% | 8h | 86,634.9 | +0.006% | $5.86B | $10.64B | 200x | as long as short |
| Bybit BTCUSDT | +0.0090% | 8h | 86,639.2 | +0.011% | $5.28B | $9.69B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,653.7 | +0.028% | $172.2M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,659.4 | +0.035% | $24.1M | $151.8M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,630 | +0.001% | $8.5M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,616 | −0.015% | $206K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,695.7 | +0.076% | $4.8M | $8.4M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,652.4 | +0.026% | $21.8M | $233.3M | 50x | as long as short |
| Hyperliquid BTCshort | +0.0100% | 1h | 86,720 | +0.105% | $3.82B | $5.08B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 86,680.1 | +0.059% | $41.1M | $505.2M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,637.5 | +0.009% | $2.55B | $12.70B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,632 | +0.003% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,701.4 | +0.083% | $7.4M | $93.8M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,703.1 | +0.085% | $573.0M | $18.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,633.8 | +0.005% | $38.4M | $153.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,696.3 | +0.077% | $156.8M | $565.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,683.8 | +0.063% | $280.1M | $943.6M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,681.9 | +0.061% | $217.5M | $175.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,693.4 | +0.074% | $141.7M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,679.7 | +0.058% | $30.8M | $203.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,694.1 | +0.075% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,635 | +0.006% | $11.1M | $13.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,634.2 | +0.006% | $193K | $3.4M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,639.4 | +0.012% | $2.5M | $8.6M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,633.7 | +0.005% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDTlong | +0.0100% | 8h | 86,629.4 | long leg | $3.4M | $5.4M | 100x | |
| SoDEX BTC-USD | +0.0100% | 1h | 86,634 | +0.005% | $60.5M | $337.0M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,630.5 | +0.001% | $2.30B | $964.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,630.3 | +0.001% | $46.3M | $225.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,673.1 | +0.050% | — | $98.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,686 | +0.065% | $131.7M | $5.72B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,675.7 | +0.053% | $191.8M | $936.8M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0180% / S −0.0208% | 1h | 86,647.2 | +0.021% | $15.1M | — | 200x | as long as short |
| BloFin BTC-USDT | +0.0181% | 8h | 86,634.4 | +0.006% | $415.3M | $652.1M | 150x | as long as short |
| Kalshi KXBTCPERP | +0.0193% | 8h | 86,676 | +0.054% | $9.6M | $727.5M | 6.4x | as long as short |
Deribit BTC-PERPETUAL
RISEx BTC/USDC
Reya BTCRUSDPERP
Phemex BTCUSDT
Injective BTC/USDC PERP
BingX BTC-USDC
Hibachi BTC/USDT-P
Bitget BTCUSDT
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
Bybit BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex 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
Derive BTC-PERP
SoDEX BTC-USD
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
BloFin BTC-USDT
Kalshi KXBTCPERP