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BTC Funding Spread
Will the BTC funding spread settle above 5 bps?
Expiry
SEP 23 · 16:00 UTC
remaining
Reference
BTC Funding Spread
Hyperliquid / Binance
Current
0.80 bps
Target >5 bps
24H Δ
+0.49 bps
Updated 08:46 UTC
Reference value
Recent historyOutcomes
Model-implied- ABOVE 5 BPS2%
- BELOW 5 BPS98%
Probabilities come from a diffusion model fitted to the metric's recent history, not from an order book. See Transparency for the methodology.
Structure
- Product
- Funding
- Asset
- BTC
- Condition
- >5 bps
- Expiry rule
- Next 8h funding settlement
- Source
- Hyperliquid 8h-equivalent funding minus Binance 8h funding for BTC, in basis points, at the next funding settlement
About this market
This market measures the divergence in perpetual funding for BTC between Hyperliquid and Binance. Hyperliquid pays funding hourly, so its rate is scaled to an 8-hour equivalent before the spread is taken. Spreads widen when positioning and leverage demand differ across venues.
Reference values are read live from Hyperliquid / Binance. Settlement contracts are not yet deployed, so positions cannot be opened and no funds are held.