Funding you earn now, next payment 02:00 UTC+0.0862%/8h= +94.4% APRpaid last 24h +0.164%
Price spread now: Hyperliquid against Gate+0.354%7-day average +0.265% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$730.731% of the position
Funding, last 7 days+0.336%+$34 on $10k
+Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.354%, 7d avg +0.265%
=Together, before fees+0.206%+ Points / potential airdropHyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Hyperliquid is 0.090% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.265%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.336% in total (about 17.5% 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 | Gate CFX_USDT | 0.05332 | 0.0100 | pay 0.0100% / 8h | 6h 53m | $1.1M | $2.6M | 50x |
| Short | Hyperliquid CFX | 0.05351 | 0.0962 | get 0.0120% / 1h | 53m 06s | $3.2M | $383K | 5x |
Gate CFX_USDT
Hyperliquid CFXFunding 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
- $181.1
- Price spread: +0.354% → +0.265%
- $8.99
- Slippage, 4 orders
- −$49.09
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $117
- Costs to cover
- 0.731%
- Break-even
- 2.5 days
Slippage from Gate: live order book, 5 min ago; Hyperliquid: live order book, 8 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, 5 min ago | 2.81 bp | 10.8 bp −$11 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 2.70 bp | 23.9 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05329 | −0.060% | $5K | $46K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05344 | +0.225% | $5.4M | $11.1M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05346 | +0.263% | $2.4M | $1.7M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05340 | +0.150% | $2.5M | $6.1M | 20x | as long as short |
| Gate CFX_USDTlong | +0.0100% | 8h | 0.05332 | long leg | $1.1M | $2.6M | 50x | |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05338 | +0.113% | $3.3M | $1.7M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05330 | −0.038% | $874K | $292K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05339 | +0.131% | $1.6M | $1.5M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05334 | +0.038% | — | $20.3M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05326 | −0.119% | $37K | $41K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05330 | −0.043% | $505K | $1.8M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05332 | +0.008% | $3K | $265K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0408% | 1h | 0.05302 | −0.563% | $43K | $165K | 50x | as long as short |
| Hyperliquid CFXshort | +0.0962% | 1h | 0.05351 | +0.354% | $3.2M | $383K | 5x | |
| Kraken Futures PF_CFXUSD | +0.1224% | 1h | 0.05340 | +0.154% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.3686% | 1h | 0.05355 | +0.431% | $141 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL