Funding you earn now, next payment 00:00 UTC−0.0449%/8h= −49.1% APRpaid last 24h −0.049%
Price spread now: Gate against Hyperliquid−0.317%7-day average −0.207% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1631.629% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.317%, 7d avg −0.207%
=Together, before fees−0.176%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Gate is 0.110% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.207%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.179% in total (about -9.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CC | 0.1185 | 0.0549 | pay 0.0069% / 1h | 16m 39s | $5.5M | $1.4M | 3x |
| Short | Gate CC_USDT | 0.1181 | 0.0100 | get 0.0050% / 4h | 16m 39s | $365K | $214K | 50x |
Hyperliquid CC
Gate CC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$94.19
- Price spread: −0.317% → −0.207%
- −$11.03
- Slippage, 4 orders
- −$138.94
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$268.16
- Costs to cover
- 1.629%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Gate: live order book, 59 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 | 0.85 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 59 min ago | 10.77 bp | 78.1 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3320% | 1h | 0.1164 | −1.769% | $6K | $99 | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0097% | 8h | 0.1183 | −0.196% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1183 | −0.188% | $35K | $38K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1183 | −0.191% | $11.1M | $11.2M | 75x | as long as short |
| Bybit CCUSDT | +0.0100% | 4h | 0.1182 | −0.275% | $10.7M | $3.8M | 25x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1183 | −0.149% | $2.6M | $3.5M | 20x | as long as short |
| Gate CC_USDTshort | +0.0100% | 4h | 0.1181 | −0.317% | $365K | $214K | 50x | |
| MEXC CC_USDT | +0.0100% | 4h | 0.1182 | −0.216% | $1.6M | $315K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1183 | −0.149% | $501K | $116K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1183 | −0.199% | $944K | $792K | 20x | as long as short |
Injective CC/USDC PERP
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
Bybit CCUSDT
OKX CC-USDT-SWAP
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1183 | −0.191% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1182 | −0.258% | $15K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1175 | −0.875% | $586K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1182 | −0.225% | $82K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1180 | −0.376% | $6K | $36K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1181 | −0.334% | $593K | $107K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0448% / S −0.0241% | 1h | 0.1182 | −0.245% | $44K | — | 50x | as long as short |
| Hyperliquid CClong | +0.0549% | 1h | 0.1185 | long leg | $5.5M | $1.4M | 3x | |
| Lighter CC | +0.1040% | 1h | 0.1187 | +0.164% | $236K | $154K | 5x | as long as short |
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC