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

FIL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%
Price spread now: Hyperliquid against Gate−0.015%7-day average +0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$490.486% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.291%+$29 on $10k
Price spread, last 7 days+0.084%+$8 · spread now −0.015%, 7d avg +0.098%
Together, before fees+0.375%+ Points / potential airdropHyperliquid: Season 2 · farm board+$38 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: Hyperliquid is 0.113% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate FIL_USDT1.00000.0100pay 0.0100% / 8h4h 57m$8.5M$16.3M50x
ShortHyperliquid FIL0.99990.0100get 0.0013% / 1h57m 04s$8.6M$9.5M5x

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: −0.015% → +0.098%
−$11.27
Slippage, 4 orders
−$24.58
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$59.85
Costs to cover
0.486%
Break-even
never at this rate
Slippage from Gate: live order book, 2 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, 2 min ago1.50 bp17.9 bp −$1829.2 bp −$29256.3 bp −$5,63388.4 bp −$44.2K
Sell Hyperliquid live order book, 5 min ago2.49 bp9.5 bp −$10doesn't fitdoesn't fitdoesn't fit

FIL on 29 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
Deribit FIL_USDC-PERPETUAL−0.0250%1h1.0002+0.020%$172K$23K25xas long as short
Coinbase International FIL-PERP-INTX−0.0208%1h0.9970−0.300%$378K$2.1M50xas long as short
OKX FIL-USDT-SWAP−0.0064%8h1.00000.000%$18.9M$102.4M50xas long as short
KuCoin FILUSDTM−0.0014%8h0.9990−0.100%$7.4M$7.3M50xas long as short
gTrade (Gains Network) FIL/USDL −0.0003% / S +0.0006%1h1.00000.000%$27K150xas long as short
dYdX FIL-USD0.0000%1h0.9980−0.203%$58K$2K10xas long as short
Injective FIL/USDC PERP+0.0033%1h0.9855−1.450%$2K$240K12xas long as short
Kraken Futures PF_FILUSD+0.0043%1h0.9996−0.043%$1.4M$2.3M50xas long as short
Binance FILUSDT+0.0078%8h1.0003+0.026%$58.1M$181.0M75xas long as short
Extended FIL-USD+0.0080%1h0.9988−0.125%$705K$3.3M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC FIL_USDC+0.0085%8h0.9991−0.090%$242K$102K50xas long as short
Lighter FIL+0.0096%1h0.9990−0.099%$157K$354K5xas long as short
Hyperliquid FILshort+0.0100%1h0.9999−0.015%$8.6M$9.5M5x
Aster FILUSDT+0.0100%8h0.9997−0.029%$516K$586K20xas long as short
Bybit FILUSDT+0.0100%8h1.0002+0.020%$15.8M$19.8M25xas long as short
Gate FIL_USDTlong+0.0100%8h1.0000long leg$8.5M$16.3M50x
Bitget FILUSDT+0.0100%8h1.00000.000%$11.1M$20.3M75xas long as short
BingX FIL-USDC+0.0100%8h1.0002+0.020%$6.5Mas long as short
Variational Omni FIL+0.0100%8h1.0034+0.339%$452K$265Kas long as short
edgeX FILUSDC+0.0100%4h1.0033+0.333%$46K$296K10xas long as short
GRVT FIL_USDT_Perp+0.0100%8h1.0016+0.157%$302K$927K10xas long as short
ApeX Omni FILUSDT+0.0100%1h1.0040+0.400%$30K$182K50xas long as short
Orderly PERP_FIL_USDC_mythos+0.0100%4h1.0000+0.002%$4K$79810xas long as short
SunX FIL-USDT+0.0100%8h0.9990−0.100%$3K$1.1M20xas long as short
SoDEX FIL-USD+0.0100%1h0.9992−0.080%$479$11K5xas long as short
HTX FIL-USDT+0.0100%8h0.9997−0.030%$625K$5.8M75xas long as short
Phemex FILUSDT+0.0100%8h0.9980−0.200%$1.1M$2.5M50xas long as short
BloFin FIL-USDT+0.0198%8h0.9973−0.270%$2.8M$648K75xas long as short
GMX FIL/USD [WBTC.b-USDC]L +0.0574% / S −0.0237%1h0.9999−0.008%$267K100xas long as short