Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Gate+0.269%7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1281.279% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.269%, 7d avg +0.144%
=Together, before fees−0.085%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 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: Hyperliquid is 0.125% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.144%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ALGO_USDT | 0.1106 | 0.0100 | pay 0.0100% / 8h | 1h 08m | $835K | $944K | 50x |
| Short | Hyperliquid ALGO | 0.1109 | 0.0100 | get 0.0013% / 1h | 8m 50s | $3.4M | $2.3M | 5x |
Gate ALGO_USDT
Hyperliquid ALGOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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: +0.269% → +0.144%
- $12.45
- Slippage, 4 orders
- −$103.88
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$115.43
- Costs to cover
- 1.279%
- Break-even
- never at this rate
Slippage from Gate: live order book, 33 min ago; Hyperliquid: live order book, 3 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 Gate live order book, 33 min ago | 7.72 bp | 49.8 bp −$50 | 789.0 bp −$7,890 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.90 bp | 16.3 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALGOUSD | −0.0273% | 1h | 0.1109 | +0.224% | $824K | $1.1M | 50x | as long as short |
| Deribit ALGO_USDC-PERPETUAL | −0.0201% | 1h | 0.1109 | +0.217% | $88K | $45K | 25x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1108 | +0.208% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.257% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGOshort | +0.0100% | 1h | 0.1109 | +0.269% | $3.4M | $2.3M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1107 | +0.081% | $44K | $36K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1107 | +0.099% | $9.4M | $34.4M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1106 | +0.027% | $10.9M | $12.8M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1107 | +0.108% | $2.7M | $7.8M | 50x | as long as short |
| Gate ALGO_USDTlong | +0.0100% | 8h | 0.1106 | long leg | $835K | $944K | 50x |
Kraken Futures PF_ALGOUSD
Deribit ALGO_USDC-PERPETUAL
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1107 | +0.108% | $23.0M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1107 | +0.072% | $3.5M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1107 | +0.081% | $5.5M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1107 | +0.108% | — | $3.4M | — | as long as short |
| Variational Omni ALGO | +0.0100% | 8h | 0.1106 | −0.032% | $61K | $12K | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1109 | +0.226% | $60K | $133K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1110 | +0.353% | $3.7M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1107 | +0.071% | $4K | $199K | 10x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0136% | 1h | 0.1109 | +0.307% | $63K | $193K | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1108 | +0.163% | $472K | $874K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0318% / S −0.0264% | 1h | 0.1108 | +0.185% | $6K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.0899% | 1h | 0.1108 | +0.148% | $160K | $5K | 5x | as long as short |
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
Variational Omni ALGO
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
Coinbase International ALGO-PERP-INTX
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD