Funding you earn now, next payment 11:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.026%
Price spread now: Hyperliquid against Binance+0.110%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 7 days−0.099%−$10 · spread now +0.110%, 7d avg +0.043%
=Together, before fees−0.035%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.067% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTCUSDT | 86,157.6 | 0.0100 | pay 0.0100% / 8h | 5h 57m | $9.46B | $20.73B | 150x |
| Short | Hyperliquid BTC | 86,252.8 | 0.0163 | get 0.0020% / 1h | 57m 30s | $3.97B | $4.41B | 40x |
Binance BTCUSDT
Hyperliquid BTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $13.23
- Price spread: +0.110% → +0.043%
- $6.71
- Slippage, 4 orders
- −$0.13
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $0.82
- Costs to cover
- 0.191%
- Break-even
- 6.6 days
Slippage from Binance: live order book, 10 min ago; Hyperliquid: live order book, 10 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 Binance live order book, 10 min ago | 0.01 bp | 5.0 bp −$5 | 5.4 bp −$54 | 6.7 bp −$668 | 8.1 bp −$4,051 |
| Sell Hyperliquid live order book, 10 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 5.0 bp −$501 | doesn't fit |
BTC on 55 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,197 | +0.046% | $8K | $2K | 50x | as long as short |
| SoDEX BTC-USD | −0.0040% | 1h | 86,183 | +0.029% | $65.8M | $188.0M | 40x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 86,160.2 | +0.003% | $363K | $2.0M | 50x | as long as short |
| BloFin BTC-USDT | −0.0020% | 8h | 86,167.3 | +0.011% | $421.9M | $567.7M | 150x | as long as short |
| ApeX Omni BTCUSDT | −0.0004% | 1h | 86,185.3 | +0.032% | $138.2M | $295.1M | 100x | as long as short |
| dYdX BTC-USD | 0.0000% | 1h | 86,162.9 | +0.006% | $16.9M | $14.5M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,228.2 | +0.082% | $483K | $13.8M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 86,199.1 | +0.048% | $36.8M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0009% | 1h | 86,214 | +0.065% | $301K | $26.1M | 52x | as long as short |
| BingX BTC-USDT | +0.0029% | 8h | 86,167.9 | +0.012% | — | $1.34B | — | as long as short |
Hotstuff BTC-PERP
SoDEX BTC-USD
01 Exchange BTCUSD
BloFin BTC-USDT
ApeX Omni BTCUSDT
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
BingX BTC-USDTShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0029% | 1h | 86,190.8 | +0.039% | $191.5M | $775.8M | 100x | as long as short |
| Aster BTCUSDT | +0.0032% | 8h | 86,160.5 | +0.003% | $513.5M | $880.1M | 200x | as long as short |
| Bybit BTCUSDT | +0.0037% | 8h | 86,166.3 | +0.010% | $5.15B | $8.18B | 150x | as long as short |
| Phoenix BTC | +0.0053% | 1h | 86,185 | +0.032% | $2.0M | $7.8M | 40x | as long as short |
| KuCoin XBTUSDTM | +0.0053% | 8h | 86,155.6 | −0.002% | $943.1M | $638.0M | 125x | as long as short |
| Gate BTC_USDT | +0.0070% | 8h | 86,169.7 | +0.014% | $5.52B | $8.87B | 200x | as long as short |
| Popdex BTCUSDT | +0.0072% | 1h | 86,151 | −0.008% | $8.8M | $45.6M | 100x | as long as short |
| Phemex BTCUSDT | +0.0078% | 8h | 86,174.8 | +0.020% | $170.7M | $480.4M | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,166.9 | +0.011% | $173.8M | $850.6M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,165.4 | +0.009% | $23.6M | $118.4M | 50x | as long as short |
| Bitget BTCUSDT | +0.0096% | 8h | 86,150.6 | −0.008% | $2.99B | $3.99B | 150x | as long as short |
| Aevo BTC-PERP | +0.0096% | 1h | 86,167.9 | +0.012% | $2.4M | $6.7M | 20x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,128 | −0.034% | $219K | $8.1M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,213.3 | +0.065% | $6.0M | $7.8M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,156.1 | −0.002% | $23.7M | $197.1M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 86,187.5 | +0.035% | $40.4M | $570.0M | 50x | as long as short |
| Binance BTCUSDTlong | +0.0100% | 8h | 86,157.6 | long leg | $9.46B | $20.73B | 150x | |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,167 | +0.011% | $2.62B | $9.55B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,156 | −0.002% | $4.0M | $15.2M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,185 | +0.032% | $4.2M | $90.5M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,033.4 | −0.144% | $714.5M | $139.4M | 40x | as long as short |
| MEXC BTC_USDT | +0.0100% | 8h | 86,157.6 | 0.000% | $5.18B | $4.81B | 500x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,172.1 | +0.017% | $38.7M | $195.4M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,112.6 | −0.052% | $157.8M | $476.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,094.9 | −0.073% | $289.8M | $841.1M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,177.2 | +0.023% | $216.5M | $133.7M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,183.5 | +0.030% | $30.3M | $222.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,215.8 | +0.067% | — | $9.3M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,159 | +0.002% | $11.1M | $12.0M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,172.5 | +0.017% | $206K | $3.2M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,159.2 | +0.002% | $2.7M | $8.9M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 86,209.1 | +0.060% | $195K | $564K | 40x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,230 | +0.084% | $3.3M | $6.7M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,177.4 | +0.023% | $2.28B | $806.4M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,130.4 | −0.032% | $46.9M | $204.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 86,162.5 | +0.006% | — | $81.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 86,226.9 | +0.080% | $112.4M | $4.99B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0161% | 8h | 86,219 | +0.071% | $11.8M | $731.7M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0162% | 1h | 86,134.9 | −0.026% | $6.6M | $131.1M | 40x | as long as short |
| Hyperliquid BTCshort | +0.0163% | 1h | 86,252.8 | +0.110% | $3.97B | $4.41B | 40x | |
| RISEx BTC/USDC | +0.0187% | 1h | 86,207.6 | +0.058% | $8.9M | $37.4M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0209% / S −0.0248% | 1h | 86,178.9 | +0.025% | $15.6M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0210% | 1h | 86,240.3 | +0.096% | $822.6M | $1.52B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0344% | 1h | 86,238.4 | +0.094% | $718K | $7.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0442% | 1h | 86,205.9 | +0.056% | $82K | $244K | 20x | as long as short |
Kraken Futures PF_XBTUSD
Aster BTCUSDT
Bybit BTCUSDT
Phoenix BTC
KuCoin XBTUSDTM
Gate BTC_USDT
Popdex BTCUSDT
Phemex BTCUSDT
Lighter BTC
Lighter RH BTC
Bitget BTCUSDT
Aevo BTC-PERP
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
MEXC BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Kalshi KXBTCPERP
Reya BTCRUSDPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD