Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.032%
Price spread now: SoDEX against Hyperliquid−0.116%7-day average −0.080% · 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−$21as in the Price arb table
costs, in and out, $10k−$170.172% of the position
Funding, last 3 days (all we have)−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.116%, 7d avg −0.080%
=Together, before fees−0.065%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.035% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BTC | 85,573 | 0.0100 | pay 0.0013% / 1h | 40m 35s | $3.75B | $4.98B | 40x |
| Short | SoDEX BTC-USD | 85,474 | 0.0100 | get 0.0013% / 1h | 40m 35s | $59.9M | $336.1M | 40x |
Hyperliquid BTC
SoDEX BTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- Price spread: −0.116% → −0.080%
- −$3.55
- Slippage, 4 orders
- −$0.23
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$20.78
- Costs to cover
- 0.172%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; SoDEX: 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 | 4.6 bp −$456 | doesn't fit |
| Sell SoDEX live order book, 4 min ago | 0.06 bp | 4.1 bp −$4 | 4.2 bp −$42 | 6.2 bp −$616 | 48.1 bp −$24.1K |
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 | −0.0434% | 1h | 85,519.1 | −0.063% | $207K | $738K | 40x | as long as short |
| Phoenix BTC | −0.0179% | 1h | 85,385 | −0.220% | $2.2M | $10.3M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,511 | −0.072% | $8K | $3K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,501.5 | −0.084% | $366K | $2.3M | 50x | as long as short |
| BloFin BTC-USDT | −0.0031% | 8h | 85,454.3 | −0.139% | $416.4M | $665.7M | 150x | as long as short |
| KuCoin XBTUSDTM | −0.0008% | 8h | 85,487.5 | −0.100% | $919.5M | $750.3M | 125x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 85,481.7 | −0.107% | $36.5M | — | 200x | as long as short |
| Aster BTCUSDT | +0.0011% | 8h | 85,490 | −0.097% | $515.2M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0020% | 1h | 85,483.8 | −0.104% | $16.7M | $21.2M | 50x | as long as short |
| Arcus BTC-USD | +0.0021% | 1h | 85,490.8 | −0.096% | $6.9M | $97.2M | 40x | as long as short |
Bluefin BTC-PERP
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
BloFin BTC-USDT
KuCoin XBTUSDTM
gTrade (Gains Network) BTC/USD
Aster BTCUSDT
dYdX BTC-USD
Arcus BTC-USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado BTC-PERP | +0.0060% | 1h | 85,453.5 | −0.140% | $22.7M | $219.1M | 50x | as long as short |
| BingX BTC-USDC | +0.0060% | 8h | 85,482.8 | −0.105% | — | $17.1M | — | as long as short |
| Bitget BTCUSDT | +0.0076% | 8h | 85,503.3 | −0.081% | $2.96B | $5.03B | 150x | as long as short |
| Reya BTCRUSDPERP | +0.0079% | 1h | 85,447.8 | −0.146% | $6.7M | $146.7M | 40x | as long as short |
| Aevo BTC-PERP | +0.0088% | 1h | 85,463.1 | −0.128% | $2.4M | $1.7M | 20x | as long as short |
| MEXC BTC_USDT | +0.0089% | 8h | 85,511.5 | −0.072% | $5.05B | $5.59B | 500x | as long as short |
| Binance BTCUSDT | +0.0089% | 8h | 85,511.7 | −0.072% | $9.35B | $24.04B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,518.4 | −0.064% | $173.2M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,511.7 | −0.072% | $23.8M | $148.5M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,448 | −0.146% | $8.4M | $52.7M | 100x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,482 | −0.106% | $226K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,547.1 | −0.030% | $4.2M | $8.5M | 50x | as long as short |
| Hyperliquid BTClong | +0.0100% | 1h | 85,573 | long leg | $3.75B | $4.98B | 40x | |
| Pacifica BTC | +0.0100% | 1h | 85,532.6 | −0.047% | $40.0M | $575.8M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,511.4 | −0.072% | $5.24B | $9.69B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,519.5 | −0.063% | $2.58B | $12.10B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,513 | −0.070% | $3.9M | $18.0M | 25x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,512.3 | −0.071% | $5.54B | $10.62B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,471.2 | −0.119% | $35.7M | $176.2M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,453.7 | −0.139% | $153.6M | $563.4M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,527.2 | −0.054% | $279.4M | $916.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,511.2 | −0.072% | $214.7M | $168.5M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,522.5 | −0.059% | $139.9M | $314.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,531 | −0.049% | $30.2M | $207.6M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,499 | −0.086% | — | $11.8M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,443 | −0.152% | $11.0M | $14.2M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,471.9 | −0.118% | $193K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,471.8 | −0.118% | $2.3M | $8.8M | 100x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,470.1 | −0.120% | $29.9M | $50.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,450 | −0.144% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USDshort | +0.0100% | 1h | 85,474 | −0.116% | $59.9M | $336.1M | 40x | |
| HTX BTC-USDT | +0.0100% | 8h | 85,454.3 | −0.139% | $2.26B | $940.1M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,475.9 | −0.113% | $149.9M | $484.1M | 150x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,513.6 | −0.069% | $649.6M | $594.9M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,477.8 | −0.111% | $44.5M | $226.5M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,449.9 | −0.144% | — | $106.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,513.8 | −0.069% | $117.0M | $5.16B | 50x | as long as short |
| Injective BTC/USDC PERP | +0.0150% | 1h | 85,539 | −0.040% | $340K | $26.9M | 52x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0170% | 1h | 85,499.8 | −0.085% | $188.4M | $954.2M | 100x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0150% | 1h | 85,475.2 | −0.114% | $13.4M | — | 200x | as long as short |
| RISEx BTC/USDC | +0.0194% | 1h | 85,530.2 | −0.050% | $8.3M | $42.4M | 25x | as long as short |
| Hibachi BTC/USDT-P | +0.0200% | 1h | 85,502.4 | −0.083% | $693K | $7.9M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0203% | 1h | 85,521.2 | −0.061% | $78K | $219K | 20x | as long as short |
| Deribit BTC-PERPETUAL | +0.0210% | 1h | 85,525.4 | −0.056% | $893.9M | $1.53B | 50x | as long as short |
| Kalshi KXBTCPERP | +0.0217% | 8h | 85,474 | −0.116% | $10.4M | $758.6M | 6.4x | as long as short |
| Perpl BTC | +0.0447% | 43m | 85,452.5 | −0.141% | $497K | $18.9M | 6.7x | as long as short |
Nado BTC-PERP
BingX BTC-USDC
Bitget BTCUSDT
Reya BTCRUSDPERP
Aevo BTC-PERP
MEXC BTC_USDT
Binance BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
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
SunX BTC-USDT
HTX BTC-USDT
Phemex BTCUSDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Injective BTC/USDC PERP
Kraken Futures PF_XBTUSD
GMX BTC/USD [WBTC.b-USDC]
RISEx BTC/USDC
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
Deribit BTC-PERPETUAL
Kalshi KXBTCPERP
Perpl BTC