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

GAS

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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 0.000%
Price spread now: Hyperliquid against Binance+0.107%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1061.056% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.075%−$7 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.107%, 7d avg +0.020%
Together, before fees−0.099%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 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 0.087% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance GASUSDT1.40400.0100pay 0.0050% / 4h54m 47s$1.5M$1.7M50x
ShortHyperliquid GAS1.40550.0100get 0.0013% / 1h54m 47s$106K$57K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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: +0.107% → +0.020%
$8.73
Slippage, 4 orders
−$86.65
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$96.92
Costs to cover
1.056%
Break-even
never at this rate
Slippage from Binance: live order book, 9 min ago; Hyperliquid: live order book, 34 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 Binance live order book, 9 min ago3.56 bp24.0 bp −$2495.3 bp −$953doesn't fitdoesn't fit
Sell Hyperliquid live order book, 34 min ago1.06 bp25.1 bp −$25doesn't fitdoesn't fitdoesn't fit

GAS on 11 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
BloFin GAS-USDT+0.0042%4h1.4070+0.214%$77K$24K75xas long as short
Hyperliquid GASshort+0.0100%1h1.4055+0.107%$106K$57K3x
Binance GASUSDTlong+0.0100%4h1.4040long leg$1.5M$1.7M50x
Bybit GASUSDT+0.0100%4h1.4052+0.085%$842K$296K25xas long as short
OKX GAS-USDT-SWAP+0.0100%4h1.4029−0.078%$378K$250K20xas long as short
MEXC GAS_USDT+0.0100%4h1.4050+0.071%$875K$133K50xas long as short
KuCoin GASUSDTM+0.0100%4h1.4031−0.064%$183K$15K30xas long as short
Bitget GASUSDT+0.0100%4h1.4050+0.071%$395K$276K50xas long as short
BingX GAS-USDT+0.0100%4h1.40400.000%$2.3Mas long as short
Variational Omni GAS+0.0100%4h1.4067+0.194%$5K$2as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate GAS_USDT+0.0150%4h1.40400.000%$110K$69K25xas long as short