Funding you earn now, next payment 23:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.080%
Price spread now: Hyperliquid against Gate+0.206%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$480.480% of the position
Funding, last 7 days+0.224%+$22 on $10k
+Price spread, last 7 days−0.191%−$19 · spread now +0.206%, 7d avg +0.098%
=Together, before fees+0.033%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.108% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.098%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate FET_USDT | 0.2009 | 0.0059 | pay 0.0059% / 8h | 1h 24m | $2.7M | $11.9M | 50x |
| Short | Hyperliquid FET | 0.2013 | 0.0139 | get 0.0017% / 1h | 24m 39s | $8.9M | $7.9M | 5x |
Gate FET_USDT
Hyperliquid FETFunding 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
- $16.87
- Price spread: +0.206% → +0.098%
- $10.8
- Slippage, 4 orders
- −$23.99
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$20.31
- Costs to cover
- 0.480%
- Break-even
- 15.4 days
Slippage from Gate: live order book, 4 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, 4 min ago | 4.97 bp | 14.0 bp −$14 | 41.2 bp −$412 | 66.4 bp −$6,636 | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.99 bp | 10.9 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
FET on 20 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 FET_USDC-PERPETUAL | −0.2728% | 1h | 0.2009 | 0.000% | $27K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0744% | 1h | 0.2009 | 0.000% | $150K | $200K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2009 | +0.007% | $32K | — | 150x | as long as short |
| Gate FET_USDTlong | +0.0059% | 8h | 0.2009 | long leg | $2.7M | $11.9M | 50x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2013 | +0.212% | $342K | $535K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2011 | +0.083% | $31.4M | $107.5M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2011 | +0.100% | $34.5M | $25.1M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2011 | +0.100% | $10.4M | $19.1M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2012 | +0.162% | $274K | $317K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2008 | −0.050% | $37K | $5K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended FET-USD | +0.0104% | 1h | 0.2012 | +0.130% | $34K | $190K | 10x | as long as short |
| Hyperliquid FETshort | +0.0139% | 1h | 0.2013 | +0.206% | $8.9M | $7.9M | 5x | |
| OKX FET-USDT-SWAP | +0.0162% | 4h | 0.2013 | +0.199% | $856K | $7.5M | 20x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2008 | −0.045% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2009 | 0.000% | $1.7M | $2.6M | 100x | as long as short |
| BingX FET-USDT | +0.0305% | 8h | 0.2011 | +0.100% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0326% | 8h | 0.2013 | +0.199% | $16.2M | $11.5M | 75x | as long as short |
| Kraken Futures PF_FETUSD | +0.0360% | 1h | 0.2012 | +0.141% | $1.0M | $2.2M | 50x | as long as short |
| Injective FET/USDC PERP | +0.0553% | 1h | 0.2010 | +0.050% | $3K | $166K | 12x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2014 | +0.264% | $27K | $36K | 5x | as long as short |
Extended FET-USD
OKX FET-USDT-SWAP
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
Bitget FETUSDT
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Phoenix FET