Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%
Price spread now: Paradex against Hyperliquid−0.020%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$150.149% of the position
Funding, last 4 days (all we have)−0.030%−$3 on $10k
+Price spread, last 7 days+0.055%+$5 · spread now −0.020%, 7d avg −0.030%
=Together, before fees+0.024%+ Points / potential airdropHyperliquid: Season 2 · Paradex: Active · farm board+$2 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BTC | 86,479 | 0.0100 | pay 0.0013% / 1h | 26m 29s | $3.79B | $5.11B | 40x |
| Short | Paradex BTC-USD-PERP | 86,462 | 0.0100 | get 0.0100% / 8h | 26m 29s | $4.8M | $8.5M | 50x |
Hyperliquid BTC
Paradex BTC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$0.03
- Price spread: −0.020% → −0.030%
- $1.08
- Slippage, 4 orders
- −$1.88
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$13.84
- Costs to cover
- 0.149%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Paradex: live order book, 3 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, 8 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 4.9 bp −$494 | doesn't fit |
| Sell Paradex live order book, 3 min ago | 0.88 bp | 2.9 bp −$3 | 2.9 bp −$29 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0118% | 1h | 86,477 | −0.002% | $2.2M | $11.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,413 | −0.076% | $9K | $3K | 50x | as long as short |
| Injective BTC/USDC PERP | −0.0035% | 1h | 86,568 | +0.103% | $333K | $26.8M | 52x | as long as short |
| RISEx BTC/USDC | −0.0024% | 1h | 86,420.6 | −0.068% | $8.3M | $42.8M | 25x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 86,420.5 | −0.068% | $359K | $2.5M | 50x | as long as short |
| Aster BTCUSDT | −0.0001% | 8h | 86,412.6 | −0.077% | $501.5M | $1.15B | 200x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,446.6 | −0.037% | $415K | $23.1M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,423.2 | −0.065% | $36.8M | — | 200x | as long as short |
| KuCoin XBTUSDTM | +0.0017% | 8h | 86,427.1 | −0.060% | $849.9M | $715.7M | 125x | as long as short |
| Deribit BTC-PERPETUAL | +0.0026% | 1h | 86,466.9 | −0.014% | $914.6M | $1.48B | 50x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Injective BTC/USDC PERP
RISEx BTC/USDC
01 Exchange BTCUSD
Aster BTCUSDT
Perpl BTC
gTrade (Gains Network) BTC/USD
KuCoin XBTUSDTM
Deribit BTC-PERPETUALShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya BTCRUSDPERP | +0.0031% | 1h | 86,401.1 | −0.090% | $6.7M | $145.5M | 40x | as long as short |
| BingX BTC-USDC | +0.0042% | 8h | 86,413.9 | −0.075% | — | $15.4M | — | as long as short |
| Bitget BTCUSDT | +0.0052% | 8h | 86,401.3 | −0.090% | $2.96B | $5.13B | 150x | as long as short |
| Phemex BTCUSDT | +0.0053% | 8h | 86,446.4 | −0.038% | $150.7M | $478.5M | 150x | as long as short |
| dYdX BTC-USD | +0.0066% | 1h | 86,448.3 | −0.035% | $16.9M | $21.2M | 50x | as long as short |
| Binance BTCUSDT | +0.0069% | 8h | 86,412.8 | −0.077% | $9.42B | $24.57B | 150x | as long as short |
| MEXC BTC_USDT | +0.0069% | 8h | 86,402.3 | −0.089% | $5.15B | $5.67B | 500x | as long as short |
| Aevo BTC-PERP | +0.0072% | 1h | 86,424.5 | −0.063% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0082% | 8h | 86,413.1 | −0.076% | $5.86B | $10.77B | 200x | as long as short |
| SoDEX BTC-USD | +0.0086% | 1h | 86,430 | −0.057% | $60.4M | $337.9M | 40x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,432.1 | −0.054% | $170.2M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,449.9 | −0.034% | $23.9M | $152.3M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,410 | −0.080% | $8.5M | $52.4M | 100x | as long as short |
| Bybit BTCUSDT | +0.0098% | 8h | 86,403.7 | −0.087% | $5.26B | $9.81B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,393 | −0.099% | $202K | $7.1M | 50x | as long as short |
| Paradex BTC-USD-PERPshort | +0.0100% | 8h | 86,462 | −0.020% | $4.8M | $8.5M | 50x | |
| Nado BTC-PERP | +0.0100% | 1h | 86,430.8 | −0.056% | $22.0M | $234.6M | 50x | as long as short |
| Hyperliquid BTClong | +0.0100% | 1h | 86,479 | long leg | $3.79B | $5.11B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 86,457.8 | −0.025% | $41.1M | $529.8M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,410 | −0.080% | $2.55B | $12.72B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,437 | −0.049% | $3.9M | $18.7M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,463.5 | −0.018% | $7.5M | $95.3M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,443.6 | −0.041% | $38.2M | $155.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,474.8 | −0.005% | $157.5M | $568.1M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,448.6 | −0.035% | $279.2M | $945.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,485.6 | +0.008% | $217.2M | $171.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,461.9 | −0.020% | $141.4M | $323.1M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,390.9 | −0.102% | $30.6M | $205.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,461.5 | −0.020% | — | $11.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,408 | −0.082% | $11.1M | $13.9M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,403.3 | −0.088% | $189K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,435.6 | −0.050% | $2.4M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,459.7 | −0.022% | $140K | $664K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,460.9 | −0.021% | $30.5M | $62.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,410.3 | −0.079% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,412.8 | −0.077% | $2.29B | $969.5M | 200x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,464.9 | −0.016% | $572.1M | $16.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,395.3 | −0.097% | $45.5M | $227.4M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,450.9 | −0.033% | — | $98.9M | 500x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0110% | 1h | 86,462.6 | −0.019% | $192.1M | $954.4M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,475.3 | −0.004% | $132.3M | $5.65B | 50x | as long as short |
| Aftermath Perps BTCUSD | +0.0149% | 1h | 86,487.8 | +0.010% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0184% | 1h | 86,438.5 | −0.047% | $727K | $8.0M | 30x | as long as short |
| BloFin BTC-USDT | +0.0189% | 8h | 86,446 | −0.038% | $416.9M | $658.5M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0196% / S −0.0218% | 1h | 86,442.8 | −0.042% | $15.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0207% | 8h | 86,448 | −0.036% | $9.8M | $747.1M | 6.4x | as long as short |
Reya BTCRUSDPERP
BingX BTC-USDC
Bitget BTCUSDT
Phemex BTCUSDT
dYdX BTC-USD
Binance BTCUSDT
MEXC BTC_USDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Bybit BTCUSDT
Katana Perps BTC-USD
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus 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
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Kraken Futures PF_XBTUSD
Coinbase International BTC-PERP-INTX
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP