Funding you earn now, next payment 22:00 UTC+0.0099%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.030%
Price spread now: Hyperliquid against gTrade (Gains Network)+0.074%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.074% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ALGO/USD | 0.1117 | L +0.0001% / S +0.0003% | pay 0.0000% / 1h | 34m 20s | $6K | — | 150x |
| Short | Hyperliquid ALGO | 0.1118 | 0.0100 | get 0.0013% / 1h | 34m 20s | $3.7M | $1.9M | 5x |
gTrade (Gains Network) ALGO/USD
Hyperliquid ALGOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against gTrade (Gains Network). 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
- $20.88
- Price spread: +0.074% → 0.000%
- $7.43
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $9.32
- Costs to cover
- 0.190%
- Break-even
- 3.9 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 7 min ago. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 7 min ago | 1.79 bp | 9.7 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0287% | 1h | 0.1117 | +0.003% | $101K | $49K | 25x | as long as short |
| Injective ALGO/USDC PERP | −0.0212% | 1h | 0.1115 | −0.167% | $830 | $175K | 12x | as long as short |
| Bybit ALGOUSDT | −0.0132% | 8h | 0.1115 | −0.123% | $11.2M | $12.3M | 75x | as long as short |
| Variational Omni ALGO | −0.0087% | 8h | 0.1113 | −0.368% | $65K | $10K | — | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1121 | +0.352% | $62K | $339K | 50x | as long as short |
| gTrade (Gains Network) ALGO/USDlong | L +0.0001% / S +0.0003% | 1h | 0.1117 | long leg | $6K | — | 150x | |
| Kraken Futures PF_ALGOUSD | +0.0093% | 1h | 0.1117 | +0.019% | $838K | $1.2M | 50x | as long as short |
| Hyperliquid ALGOshort | +0.0100% | 1h | 0.1118 | +0.074% | $3.7M | $1.9M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1116 | −0.077% | $44K | $31K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1116 | −0.037% | $9.9M | $34.9M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Injective ALGO/USDC PERP
Bybit ALGOUSDT
Variational Omni ALGO
Coinbase International ALGO-PERP-INTX
Kraken Futures PF_ALGOUSD
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1115 | −0.132% | $3.0M | $7.8M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1117 | +0.003% | $879K | $818K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1117 | −0.006% | $23.0M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1115 | −0.123% | $3.6M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1117 | +0.012% | $5.7M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1116 | −0.087% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1115 | −0.132% | $66K | $109K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1119 | +0.191% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1116 | −0.049% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1114 | −0.266% | $491K | $791K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0237% / S −0.0158% | 1h | 0.1117 | +0.036% | $5K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1263% | 1h | 0.1115 | −0.172% | $160K | $5K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD