Funding you earn now, next payment 03:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.055%
Price spread now: Hyperliquid against 01 Exchange+0.122%7-day average +0.044% · 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−$12as in the Price arb table
costs, in and out, $10k−$200.199% of the position
Funding, last 4 days (all we have)+0.122%+$12 on $10k
+Price spread, last 7 days−0.128%−$13 · spread now +0.122%, 7d avg +0.044%
=Together, before fees−0.005%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.078% dearer against 01 Exchange than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange BTCUSD | 85,612.4 | −0.0048 | get 0.0006% / 1h | 35m 11s | $370K | $2.3M | 50x |
| Short | Hyperliquid BTC | 85,717 | 0.0100 | get 0.0013% / 1h | 35m 11s | $3.78B | $4.94B | 40x |
01 Exchange BTCUSD
Hyperliquid BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against 01 Exchange. 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
- $31.08
- Price spread: +0.122% → +0.044%
- $7.77
- Slippage, 4 orders
- −$3.89
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $18.97
- Costs to cover
- 0.199%
- Break-even
- 2.7 days
Slippage from 01 Exchange: live order book, 4 min ago; Hyperliquid: live order book, 9 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 01 Exchange live order book, 4 min ago | 0.01 bp | 5.5 bp −$6 | 9.9 bp −$99 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 4.6 bp −$456 | 5.4 bp −$2,681 |
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 | −0.0160% | 1h | 85,602 | −0.012% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,627 | +0.017% | $8K | $3K | 50x | as long as short |
| Bluefin BTC-PERP | −0.0058% | 1h | 85,693.6 | +0.095% | $196K | $722K | 40x | as long as short |
| 01 Exchange BTCUSDlong | −0.0048% | 1h | 85,612.4 | long leg | $370K | $2.3M | 50x | |
| BloFin BTC-USDT | −0.0034% | 8h | 85,650 | +0.044% | $416.1M | $663.9M | 150x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 85,640.3 | +0.033% | $16.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,658 | +0.053% | $36.7M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0010% | 1h | 85,615.1 | +0.003% | $22.9M | $221.3M | 50x | as long as short |
| KuCoin XBTUSDTM | +0.0011% | 8h | 85,637.2 | +0.029% | $917.3M | $753.1M | 125x | as long as short |
| Aster BTCUSDT | +0.0018% | 8h | 85,625.2 | +0.015% | $515.9M | $1.11B | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
Bluefin BTC-PERP
BloFin BTC-USDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERP
KuCoin XBTUSDTM
Aster BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTC-USDC | +0.0054% | 8h | 85,639.5 | +0.032% | — | $17.1M | — | as long as short |
| HTX BTC-USDT | +0.0066% | 8h | 85,625.9 | +0.016% | $2.27B | $933.7M | 200x | as long as short |
| Reya BTCRUSDPERP | +0.0068% | 1h | 85,641.3 | +0.034% | $6.7M | $146.4M | 40x | as long as short |
| Bitget BTCUSDT | +0.0068% | 8h | 85,651.6 | +0.046% | $2.95B | $5.02B | 150x | as long as short |
| Phemex BTCUSDT | +0.0075% | 8h | 85,653.5 | +0.048% | $148.1M | $479.1M | 150x | as long as short |
| Injective BTC/USDC PERP | +0.0079% | 1h | 85,578 | −0.040% | $340K | $26.9M | 52x | as long as short |
| SunX BTC-USDT | +0.0080% | 8h | 85,595.3 | −0.020% | $2.9M | $6.1M | 100x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,647.6 | +0.041% | $2.5M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,636.8 | +0.029% | $5.05B | $5.61B | 500x | as long as short |
| Binance BTCUSDT | +0.0086% | 8h | 85,654.2 | +0.049% | $9.35B | $23.89B | 150x | as long as short |
| Deribit BTC-PERPETUAL | +0.0089% | 1h | 85,693.2 | +0.094% | $893.1M | $1.52B | 50x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,650.8 | +0.045% | $169.9M | $988.9M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,660 | +0.056% | $23.9M | $148.2M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,616 | +0.004% | $8.4M | $51.9M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 85,650.5 | +0.044% | $3.8M | $8.3M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,587 | −0.030% | $197K | $7.8M | 50x | as long as short |
| Hyperliquid BTCshort | +0.0100% | 1h | 85,717 | +0.122% | $3.78B | $4.94B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 85,636.9 | +0.029% | $40.5M | $573.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,643.1 | +0.036% | $5.33B | $9.59B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,659.8 | +0.055% | $2.57B | $12.12B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,618 | +0.007% | $3.9M | $18.0M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,578.8 | −0.039% | $7.2M | $97.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,655.8 | +0.051% | $5.55B | $10.48B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,636 | +0.028% | $35.3M | $172.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,622.5 | +0.012% | $155.0M | $548.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,510.3 | −0.119% | $279.0M | $929.2M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,588.5 | −0.028% | $214.9M | $165.6M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,576.1 | −0.042% | $140.0M | $316.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,601.4 | −0.013% | $30.3M | $210.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,682.9 | +0.082% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,638 | +0.030% | $11.0M | $14.1M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,649.4 | +0.043% | $190K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,650.8 | +0.045% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,649.1 | +0.043% | $30.0M | $52.6M | 15x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,655 | +0.050% | $60.0M | $336.2M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,614.4 | +0.002% | $621.3M | $398.6M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,631 | +0.022% | $44.0M | $227.2M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,643.7 | +0.037% | — | $105.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 85,693.1 | +0.094% | $130.6M | $5.10B | 50x | as long as short |
| RISEx BTC/USDC | +0.0120% | 1h | 85,638.7 | +0.031% | $8.4M | $42.2M | 25x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0138% | 1h | 85,684.1 | +0.084% | $188.8M | $948.8M | 100x | as long as short |
| Aftermath Perps BTCUSD | +0.0190% | 1h | 85,600.4 | −0.014% | $78K | $219K | 20x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,605.5 | −0.008% | $700K | $7.9M | 30x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0203% / S −0.0180% | 1h | 85,654.3 | +0.049% | $13.6M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0214% | 8h | 85,661 | +0.057% | $10.5M | $760.4M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,647.4 | +0.041% | $520K | $19.4M | 6.7x | as long as short |
BingX BTC-USDC
HTX BTC-USDT
Reya BTCRUSDPERP
Bitget BTCUSDT
Phemex BTCUSDT
Injective BTC/USDC PERP
SunX BTC-USDT
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Deribit BTC-PERPETUAL
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Gate BTC_USDT
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
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
RISEx BTC/USDC
Kraken Futures PF_XBTUSD
Aftermath Perps BTCUSD
Hibachi BTC/USDT-P
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Perpl BTC