All BTC pairs

BTC funding carry: Bitget vs Hyperliquid

Entering and exiting this pair costs 21 bps of notional at taker fees (7 bps at maker). Funding has to pay that back before the trade is worth anything — here is how long that takes.

Right now

Gross funding APR
9.31%
Net APY on $10k
-1.71%
Break-even
198.95h
  • Net not positive at the reference profile
Short
hyperliquid perp
BTC/USDC
Trade on hyperliquid
Long
bitget perp
BTC/USDT
Trade on bitget

Last 30 days

Above its costs
9.7% of the time
Net APY when above costs
4.77%
Net APY when below costs
-2.85%
Best single hour
27.79%

Measured on 421 hours of ranking we recorded ourselves.

Round-trip cost

Venue Taker Maker Perp instrument
Bitget 6 2 BTCUSDT
Hyperliquid 4.5 1.5 BTC

Other BTC pairs

How long funding takes to repay the entry

At a given gross funding APR, this is how many hours you must hold before the position has paid back entry and exit. Below that, a positive APR is still a loss.

Gross funding APR Taker in / out Maker in / out
5% 368h (15d) 123h (5d)
10% 184h (7d) 61h (2d)
20% 92h (3d) 31h
50% 37h 12h