Settings8H · net · $10k
Funding arb · Price arb /

AR

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.034%
Price spread now: Hyperliquid against Gate+0.180%7-day average +0.187% · you sell dearer than you buy
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1781.777% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.161%+$16 on $10k
Price spread, last 7 days−0.033%−$3 · spread now +0.180%, 7d avg +0.187%
Together, before fees+0.128%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate AR_USDT4.49900.0100pay 0.0100% / 8h5h 47m$2.5M$1.9M50x
ShortHyperliquid AR4.50710.0100get 0.0013% / 1h47m 09s$4.1M$4.5M5x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.180% → +0.187%
−$0.66
Slippage, 4 orders
−$153.69
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$178.35
Costs to cover
1.777%
Break-even
never at this rate
Slippage from Gate: live order book, 1 min ago; Hyperliquid: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 1 min ago4.44 bp67.0 bp −$67255.4 bp −$2,554doesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago3.64 bp12.0 bp −$12doesn't fitdoesn't fitdoesn't fit

AR on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX AR/USD [WBTC.b-USDC]L −0.0141% / S +0.0551%1h4.5025+0.077%$579K50xas long as short
OKX AR-USDT-SWAP−0.0104%8h4.4970−0.044%$2.3M$18.8M20xas long as short
Injective AR/USDC PERP+0.0033%1h4.5290+0.667%$548$3K5.5xas long as short
MEXC AR_USDT+0.0085%8h4.5000+0.022%$6.3M$4.2M100xas long as short
Binance ARUSDT+0.0088%8h4.5010+0.044%$9.0M$51.7M75xas long as short
Extended AR-USD+0.0088%1h4.4993+0.006%$37K$239K10xas long as short
Hyperliquid ARshort+0.0100%1h4.5071+0.180%$4.1M$4.5M5x
Aster ARUSDT+0.0100%8h4.5043+0.118%$19K$500K10xas long as short
Bybit ARUSDT+0.0100%8h4.5020+0.067%$4.6M$8.4M75xas long as short
Gate AR_USDTlong+0.0100%8h4.4990long leg$2.5M$1.9M50x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ARUSDTM+0.0100%8h4.5000+0.022%$1.2M$1.2M50xas long as short
Bitget ARUSDT+0.0100%8h4.4960−0.067%$3.9M$5.3M75xas long as short
BingX AR-USDT+0.0100%8h4.5020+0.067%$2.8Mas long as short
Variational Omni AR+0.0100%8h4.5296+0.681%$235K$258Kas long as short
ApeX Omni ARUSDT+0.0100%1h4.5090+0.222%$20K$725K50xas long as short
BloFin AR-USDT+0.0208%8h4.5040+0.111%$496K20xas long as short
Kraken Futures PF_ARUSD+0.1937%1h4.5130+0.310%$55K$149K20xas long as short