Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid−0.235%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$600.598% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 7 days+0.065%+$6 · spread now −0.235%, 7d avg −0.080%
=Together, before fees+0.129%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 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: Bitget is 0.155% cheaper against Hyperliquid than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALGO | 0.1106 | 0.0100 | pay 0.0013% / 1h | 56m 55s | $3.6M | $2.0M | 5x |
| Short | Bitget ALGOUSDT | 0.1103 | 0.0100 | get 0.0100% / 8h | 6h 56m | $5.5M | $3.6M | 75x |
Hyperliquid ALGO
Bitget ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Hyperliquid. 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: −0.235% → −0.080%
- −$15.53
- Slippage, 4 orders
- −$38.8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$75.33
- Costs to cover
- 0.598%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Bitget: live order book, 1 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 Hyperliquid live order book, 5 min ago | 2.26 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 4.51 bp | 19.8 bp −$20 | 64.6 bp −$646 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0564% | 1h | 0.1105 | −0.099% | $100K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1114 | +0.742% | $87K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0053% | 8h | 0.1105 | −0.085% | $60K | $12K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1106 | +0.014% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.302% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGOlong | +0.0100% | 1h | 0.1106 | long leg | $3.6M | $2.0M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1107 | +0.086% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1104 | −0.154% | $9.8M | $34.8M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1104 | −0.181% | $11.1M | $12.1M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1104 | −0.136% | $2.9M | $7.5M | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1106 | +0.018% | $871K | $824K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1104 | −0.190% | $22.7M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1104 | −0.172% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDTshort | +0.0100% | 8h | 0.1103 | −0.235% | $5.5M | $3.6M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1104 | −0.154% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1108 | +0.199% | $60K | $142K | 75x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1105 | −0.097% | $8K | $229K | 10x | as long as short |
| Phemex ALGOUSDT | +0.0115% | 8h | 0.1108 | +0.217% | $3.8M | $1.8M | 50x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1105 | −0.081% | $487K | $762K | 75x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0265% | 1h | 0.1105 | −0.043% | $820K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0341% / S −0.0313% | 1h | 0.1105 | −0.014% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.5474% | 1h | 0.1107 | +0.118% | $159K | $3K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
BingX ALGO-USDT
HTX ALGO-USDT
Extended ALGO-USD
Phemex ALGOUSDT
BloFin ALGO-USDT
Kraken Futures PF_ALGOUSD
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD