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

GAS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against OKX+0.099%7-day average +0.050% · you sell dearer than you buy
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−0.016%−$2 on $10k
Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.099%, 7d avg +0.050%
Together, before fees−0.052%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 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 0.049% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.050%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX GAS-USDT-SWAP1.40980.0100pay 0.0050% / 4h1h 17m$391K$296K20x
ShortHyperliquid GAS1.41120.0100get 0.0013% / 1h17m 19s$109K$65K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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: +0.099% → +0.050%
$4.89
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$14.11
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 63 min ago; Hyperliquid: live order book, 52 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 OKX live order book, 63 min ago8.12 bp36.1 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 52 min ago1.77 bpdoesn't fitdoesn'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
Hyperliquid GASshort+0.0100%1h1.4112+0.099%$109K$65K3x
Binance GASUSDT+0.0100%4h1.4110+0.085%$1.5M$1.8M50xas long as short
Bybit GASUSDT+0.0100%4h1.4107+0.064%$836K$326K25xas long as short
OKX GAS-USDT-SWAPlong+0.0100%4h1.4098long leg$391K$296K20x
Gate GAS_USDT+0.0100%4h1.4110+0.085%$110K$80K25xas long as short
MEXC GAS_USDT+0.0100%4h1.4100+0.014%$932K$133K50xas long as short
KuCoin GASUSDTM+0.0100%4h1.4110+0.085%$183K$16K30xas long as short
Bitget GASUSDT+0.0100%4h1.4110+0.085%$398K$333K50xas long as short
BingX GAS-USDT+0.0100%4h1.4100+0.014%$2.3Mas long as short
Variational Omni GAS+0.0100%4h1.4116+0.129%$5K$252as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin GAS-USDT+0.0159%4h1.4120+0.156%$78K$23K75xas long as short