Funding you earn now, next payment 23:00 UTC+0.0080%/8h= +8.7% APRpaid last 24h −0.056%
Price spread now: BloFin against Hyperliquid−0.095%47s7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$210.213% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 3 days (all we have)−0.014%−$1 · spread now −0.095%, 7d avg −0.078%
=Together, before fees−0.088%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BTC | 86,420 | 0.0100 | pay 0.0013% / 1h | 30m 17s | $3.80B | $5.10B | 40x |
| Short | BloFin BTC-USDT | 86,337.5 | 0.0180 | get 0.0180% / 8h | 1h 30m | $413.9M | $651.2M | 150x |
Hyperliquid BTC
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $16.76
- Price spread: −0.095% → −0.078%
- −$1.78
- Slippage, 4 orders
- −$0.33
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$6.35
- Costs to cover
- 0.213%
- Break-even
- 9.7 days
Slippage from Hyperliquid: live order book, 4 min ago; BloFin: live order book, 4 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, 4 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 5.0 bp −$498 | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.06 bp | 6.1 bp −$6 | 6.1 bp −$61 | 6.8 bp −$675 | 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 | −0.0469% | 1h | 86,381.1 | −0.045% | $140K | $618K | 40x | as long as short |
| Phoenix BTC | −0.0159% | 1h | 86,459 | +0.045% | $2.2M | $11.8M | 40x | as long as short |
| Aftermath Perps BTCUSD | −0.0083% | 1h | 86,518.4 | +0.114% | $83K | $216K | 20x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,341 | −0.091% | $9K | $3K | 50x | as long as short |
| Aster BTCUSDT | −0.0012% | 8h | 86,354.2 | −0.076% | $503.9M | $1.15B | 200x | as long as short |
| 01 Exchange BTCUSD | −0.0008% | 1h | 86,361 | −0.068% | $358K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0001% | 8h | 86,339.7 | −0.093% | $850.3M | $709.2M | 125x | as long as short |
| Perpl BTC | 0.0000% | 43m | 86,368.6 | −0.059% | $423K | $23.9M | 6.7x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 86,400.7 | −0.022% | $921.9M | $1.48B | 50x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 86,364.7 | −0.064% | $16.9M | $21.1M | 50x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Aftermath Perps BTCUSD
Hotstuff BTC-PERP
Aster BTCUSDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
Perpl BTC
Deribit BTC-PERPETUAL
dYdX BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 86,382.5 | −0.043% | $36.8M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0006% | 1h | 86,354 | −0.076% | $8.5M | $43.2M | 25x | as long as short |
| Reya BTCRUSDPERP | +0.0022% | 1h | 86,339.8 | −0.093% | $6.7M | $144.9M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0024% | 1h | 86,559 | +0.161% | $315K | $26.8M | 52x | as long as short |
| Phemex BTCUSDT | +0.0032% | 8h | 86,360 | −0.069% | $149.3M | $476.0M | 150x | as long as short |
| BingX BTC-USDC | +0.0034% | 8h | 86,347.9 | −0.083% | — | $15.3M | — | as long as short |
| Bitget BTCUSDT | +0.0043% | 8h | 86,358.3 | −0.071% | $2.94B | $5.09B | 150x | as long as short |
| Hibachi BTC/USDT-P | +0.0056% | 1h | 86,472.3 | +0.060% | $724K | $8.2M | 30x | as long as short |
| MEXC BTC_USDT | +0.0059% | 8h | 86,351.5 | −0.079% | $5.12B | $5.67B | 500x | as long as short |
| Binance BTCUSDT | +0.0060% | 8h | 86,364.9 | −0.064% | $9.40B | $24.36B | 150x | as long as short |
| Aevo BTC-PERP | +0.0064% | 1h | 86,347.6 | −0.084% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0074% | 8h | 86,361.3 | −0.068% | $5.85B | $10.67B | 200x | as long as short |
| SoDEX BTC-USD | +0.0089% | 1h | 86,370 | −0.058% | $60.4M | $337.2M | 40x | as long as short |
| Bybit BTCUSDT | +0.0089% | 8h | 86,365.4 | −0.063% | $5.25B | $9.73B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 86,347.9 | −0.083% | $171.0M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 86,367.9 | −0.060% | $24.0M | $152.0M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 86,350 | −0.081% | $8.4M | $52.2M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 86,332 | −0.102% | $201K | $6.9M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 86,382.5 | −0.043% | $4.8M | $8.4M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 86,341.9 | −0.090% | $21.8M | $233.8M | 50x | as long as short |
| Hyperliquid BTClong | +0.0100% | 1h | 86,420 | long leg | $3.80B | $5.10B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 86,380.8 | −0.045% | $41.0M | $505.2M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 86,369.2 | −0.059% | $2.53B | $12.70B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 86,353 | −0.078% | $3.9M | $18.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 86,419.6 | 0.000% | $7.4M | $94.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 86,343.9 | −0.088% | $570.6M | $18.8M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 86,337 | −0.096% | $38.2M | $153.9M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 86,435.6 | +0.018% | $155.8M | $566.3M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 86,500.3 | +0.093% | $279.4M | $945.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 86,543.9 | +0.143% | $217.3M | $174.1M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 86,518.6 | +0.114% | $141.4M | $323.0M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 86,432 | +0.014% | $30.7M | $203.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 86,402.4 | −0.020% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 86,342 | −0.090% | $11.0M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 86,357 | −0.073% | $192K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 86,371 | −0.057% | $2.4M | $8.6M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 86,364.3 | −0.064% | $30.0M | $61.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 86,422.7 | +0.003% | $3.4M | $5.4M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 86,330.8 | −0.103% | $2.29B | $967.5M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 86,332.2 | −0.102% | $45.9M | $226.1M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 86,357.1 | −0.073% | — | $98.5M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0112% | 1h | 86,407.9 | −0.014% | $131.4M | $5.69B | 50x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0121% | 1h | 86,394.1 | −0.030% | $190.3M | $939.6M | 100x | as long as short |
| BloFin BTC-USDTshort | +0.0180% | 8h | 86,337.5 | −0.095% | $413.9M | $651.2M | 150x | |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0182% / S −0.0213% | 1h | 86,377.9 | −0.049% | $15.2M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0195% | 8h | 86,435 | +0.017% | $9.6M | $730.2M | 6.4x | as long as short |
gTrade (Gains Network) BTC/USD
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Phemex BTCUSDT
BingX BTC-USDC
Bitget BTCUSDT
Hibachi BTC/USDT-P
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
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
SunX BTC-USDT
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]
Kalshi KXBTCPERP