Funding you earn now, next payment 04:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bitget−0.152%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1181.183% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.152%, 7d avg −0.006%
=Together, before fees+0.238%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.146% cheaper against Bitget than usual: you would sell low and buy high (spread −0.152% now, against its 7-day average of −0.006%). If the spread goes back, that is −$15 on $10k: about 3.5 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.041% in total) that is about 25 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget GMTUSDT | 0.008572 | −0.0040 | get 0.0020% / 4h | 6m 33s | $676K | $657K | 50x |
| Short | Hyperliquid GMT | 0.008559 | 0.0100 | get 0.0013% / 1h | 6m 33s | $114K | $150K | 3x |
Bitget GMTUSDT
Hyperliquid GMTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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
- $29.4
- Price spread: −0.152% → −0.006%
- −$14.56
- Slippage, 4 orders
- −$97.3
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$103.45
- Costs to cover
- 1.183%
- Break-even
- 31.6 days
Slippage from Bitget: live order book, 49 min ago; Hyperliquid: live order book, 13 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 Bitget live order book, 49 min ago | 6.98 bp | 29.9 bp −$30 | 382.1 bp −$3,821 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 13 min ago | 1.74 bp | 28.7 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
GMT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSD | −0.1477% | 1h | 0.008551 | −0.244% | $44K | $14K | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0584% | 4h | 0.008560 | −0.140% | $277K | $189K | 50x | as long as short |
| OKX GMT-USDT-SWAP | −0.0498% | 4h | 0.008556 | −0.187% | $397K | $1.2M | 20x | as long as short |
| Bybit GMTUSDT | −0.0497% | 8h | 0.008548 | −0.280% | $1.1M | $2.0M | 50x | as long as short |
| Variational Omni GMT | −0.0180% | 8h | 0.008571 | −0.013% | $4K | $5K | — | as long as short |
| Aster GMTUSDT | −0.0128% | 4h | 0.008574 | +0.021% | $7K | $22K | 10x | as long as short |
| Bitget GMTUSDTlong | −0.0040% | 4h | 0.008572 | long leg | $676K | $657K | 50x | |
| BingX GMT-USDT | +0.0050% | 4h | 0.008551 | −0.245% | — | $1.3M | — | as long as short |
| Hyperliquid GMTshort | +0.0100% | 1h | 0.008559 | −0.152% | $114K | $150K | 3x | |
| Binance GMTUSDT | +0.0100% | 4h | 0.008558 | −0.166% | $2.9M | $5.3M | 50x | as long as short |
Kraken Futures PF_GMTUSD
KuCoin GMTUSDTM
OKX GMT-USDT-SWAP
Bybit GMTUSDT
Variational Omni GMT
Aster GMTUSDT
BingX GMT-USDT
Binance GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate GMT_USDT | +0.0100% | 8h | 0.008580 | +0.093% | $151K | $181K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008559 | −0.152% | $437K | $211K | 20x | as long as short |
Gate GMT_USDT
MEXC GMT_USDT