> For the complete documentation index, see [llms.txt](https://docs.renzofinance.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.renzofinance.com/basis-markets-hyperliquid/btc-basis.md).

# BTC Basis

Hold spot BTC, short the perpetual on Hyperliquid, and collect the funding.

#### How it works

Your account buys BTC on the spot market and opens a short BTC perpetual of the same size. Price moves on one side are offset by the other, so your position stays roughly flat while the short side collects funding.

#### Market details

<table><thead><tr><th></th><th width="377.27734375"></th></tr></thead><tbody><tr><td>Spot market</td><td>BTC on HyperCore</td></tr><tr><td>Perp market</td><td>BTC perpetual on Hyperliquid</td></tr><tr><td>Deposit asset</td><td>USDC</td></tr><tr><td>Funding frequency</td><td>Hourly</td></tr><tr><td>Risk presets</td><td>Conservative 2x · Balanced 3x · Aggressive 6x</td></tr><tr><td>Minimum deposit</td><td>Shown in the app for each risk level</td></tr></tbody></table>

#### Yield profile

Your yield comes from funding paid by traders who are long the BTC perpetual. Funding is paid hourly and moves with market demand, so your APR canchange over time. See the live and 30-day average APR in the app.

#### Get started

Open a position from the [Basic quickstart](https://app.renzofinance.com/) or configure your own automations in the [Advanced quickstart.](https://app.renzofinance.com/?view=advanced)


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