data as of
Settings8H · net · $10k
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Funding arb /

BTC

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 15:00 UTC−0.0166%/8h
paid, last 24h−0.024%paid, last 7 days−0.084%to open and close $10k−$21
Long on HyperliquidShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid BTC86,079.60.0156pay 0.0020% / 1h9m 14s$3.89B$4.22B40x
ShortBitget BTCUSDT86,020−0.0010pay 0.0010% / 8h1h 09m$2.99B$4.49B150x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$34.92
Slippage, 4 orders
−$0.13
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$56.05
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Bitget: live order book, 1 min ago.

Price risk

price view
Price gap now
−0.069%
Avg gap 7d
−0.036%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago0.06 bp4.6 bp −$54.6 bp −$465.6 bp −$556doesn't fit
Sell Bitget live order book, 1 min ago0.01 bp6.0 bp −$66.1 bp −$617.3 bp −$726doesn't fit

BTC on 55 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Perpl BTC−0.0447%43m$421K$30.6M6.7xas long as short
edgeX BTCUSDC−0.0118%4h$281.5M$829.6M100xas long as short
01 Exchange BTCUSD−0.0112%1h$280K$2.3M50xas long as short
Aftermath Perps BTCUSD−0.0091%1h$87K$145K20xas long as short
Hotstuff BTC-PERP−0.0080%1h$8K$3K50xas long as short
Bluefin BTC-PERP−0.0072%1h$143K$403K40xas long as short
Reya BTCRUSDPERP−0.0027%1h$6.7M$137.4M40xas long as short
Phemex BTCUSDT−0.0024%8h$157.5M$386.2M150xas long as short
Gate BTC_USDT−0.0011%8h$6.11B$9.01B200xas long as short
Bitget BTCUSDTshort−0.0010%8h$2.99B$4.49B150x
Show all 55 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
BingX BTC-USDC−0.0010%8h—$14.6M—as long as short
dYdX BTC-USD−0.0009%1h$16.9M$16.1M50xas long as short
ApeX Omni BTCUSDT0.0000%1h$138.7M$317.0M100xas long as short
Kalshi KXBTCPERP0.0000%8h$9.4M$534.0M6.4xas long as short
gTrade (Gains Network) BTC/USDL +0.0005% / S −0.0004%1h$36.9M—200xas long as short
SoDEX BTC-USD+0.0013%1h$61.3M$259.1M40xas long as short
Phoenix BTC+0.0015%1h$1.6M$10.8M40xas long as short
OKX BTC-USDT-SWAP+0.0040%8h$2.59B$11.17B100xas long as short
Aster BTCUSDT+0.0042%8h$488.0M$1.07B200xas long as short
Kraken Futures PF_XBTUSD+0.0042%1h$186.0M$788.4M100xas long as short
HTX BTC-USDT+0.0047%8h$2.30B$805.9M200xas long as short
KuCoin XBTUSDTM+0.0055%8h$788.6M$597.2M125xas long as short
Hibachi BTC/USDT-P+0.0056%1h$618K$7.2M30xas long as short
Bullet BTC-USD+0.0073%1h$245K$3.3M20xas long as short
Paradex BTC-USD-PERP+0.0079%8h$4.4M$6.5M50xas long as short
Popdex BTCUSDT+0.0080%1h$8.5M$42.4M100xas long as short
Aevo BTC-PERP+0.0080%1h$2.4M$1.6M20xas long as short
MEXC BTC_USDT+0.0081%8h$4.99B$4.90B500xas long as short
Binance BTCUSDT+0.0083%8h$9.60B$20.63B150xas long as short
Nado BTC-PERP+0.0088%1h$23.2M$229.1M50xas long as short
Lighter BTC+0.0096%1h$179.2M$896.1M50xas long as short
Lighter RH BTC+0.0096%1h$25.1M$137.8M50xas long as short
Katana Perps BTC-USD+0.0100%8h$195K$5.2M50xas long as short
Pacifica BTC+0.0100%1h$36.5M$331.3M50xas long as short
Bybit BTCUSDT+0.0100%8h$5.15B$8.22B150xas long as short
Ondo Perps BTC-USD.P+0.0100%1h$3.9M$15.9M25xas long as short
Arcus BTC-USD+0.0100%1h$5.6M$80.0M40xas long as short
Backpack BTC_USDC_PERP+0.0100%1h$39.6M$99.9M75xas long as short
Variational Omni BTC+0.0100%8h$170.7M$477.0M—as long as short
StandX BTC-USD+0.0100%1h$30.8M$241.8M40xas long as short
Vest BTC-PERP+0.0100%1h—$13.2M50xas long as short
Polymarket Perps BTC-USD+0.0100%1h$10.9M$11.1M50xas long as short
Orderly PERP_BTC_USDC+0.0100%8h$2.4M$7.1M100xas long as short
Derive BTC-PERP+0.0100%1h$29.5M$56.1M15xas long as short
SunX BTC-USDT+0.0100%8h$3.3M$5.6M100xas long as short
Bulk BTC-USD+0.0100%1h$538.1M$61.1M40xas long as short
Extended BTC-USD+0.0104%1h$48.1M$205.6M50xas long as short
Jupiter Perps WBTC-PERPL +0.0104% / S +0.0048%1h—$88.6M500xas long as short
Coinbase International BTC-PERP-INTX+0.0112%1h$148.3M$6.25B50xas long as short
Hyperliquid BTClong+0.0156%1h$3.89B$4.22B40x
RISEx BTC/USDC+0.0178%1h$8.9M$37.8M25xas long as short
Injective BTC/USDC PERP+0.0180%1h$303K$27.0M52xas long as short
GMX BTC/USD [WBTC.b-USDC]L +0.0202% / S −0.0203%1h$13.4M—200xas long as short
BloFin BTC-USDT+0.0203%8h$426.1M$506.1M150xas long as short
Deribit BTC-PERPETUAL+0.0408%1h$868.7M$994.7M50xas long as short