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

GAS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid−0.121%7-day average −0.019% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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)+0.084%+$8 · spread now −0.121%, 7d avg −0.019%
Together, before fees+0.159%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 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: Binance is 0.102% cheaper against Hyperliquid than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid GAS1.40770.0100pay 0.0013% / 1h33m 13s$106K$60K3x
ShortBinance GASUSDT1.40600.0100get 0.0050% / 4h2h 33m$1.5M$1.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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: −0.121% → −0.019%
−$10.22
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$29.22
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Binance: live order book, 15 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago0.36 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 15 min ago3.56 bp27.3 bp −$2793.3 bp −$933doesn't fitdoesn't fit

GAS on 10 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
Hyperliquid GASlong+0.0100%1h1.4077long leg$106K$60K3x
Binance GASUSDTshort+0.0100%4h1.4060−0.121%$1.5M$1.7M50x
Bybit GASUSDT+0.0100%4h1.40770.000%$841K$309K25xas long as short
OKX GAS-USDT-SWAP+0.0100%4h1.4036−0.291%$382K$278K20xas long as short
Gate GAS_USDT+0.0100%4h1.4080+0.021%$110K$71K25xas long as short
MEXC GAS_USDT+0.0100%4h1.4060−0.121%$877K$134K50xas long as short
KuCoin GASUSDTM+0.0100%4h1.4066−0.078%$183K$15K30xas long as short
Bitget GASUSDT+0.0100%4h1.4070−0.050%$395K$298K50xas long as short
BingX GAS-USDT+0.0100%4h1.4070−0.050%$2.3Mas long as short
Variational Omni GAS+0.0100%4h1.4104+0.190%$5K$2as long as short