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

GOAT

all GOAT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0253%/8h= +27.7% APRpaid last 24h +0.233%
Price spread now: Hyperliquid against BloFin+0.312%7-day average +0.045% · 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+1.029%+$103 on $10k
Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.312%, 7d avg +0.045%
Together, before fees+0.793%+ Points / potential airdropHyperliquid: Season 2 · farm board+$79 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.267% dearer against BloFin than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin GOAT-USDT0.019230.0532pay 0.0266% / 4h3h 12m$121K$11K25x
ShortHyperliquid GOAT0.019290.0784get 0.0098% / 1h12m 45s$1.2M$488K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
$53.09
Price spread: +0.312% → +0.045%
$26.7
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$58.79
Costs to cover
0.210%
Break-even
from the start
Slippage unknown: BloFin: live order book, 6 min ago; Hyperliquid: live order book, 8 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 BloFin live order book, 6 min ago2.61 bp18.6 bp −$19218.2 bp −$2,182doesn't fitdoesn't fit
Sell Hyperliquid live order book, 8 min ago2.89 bp66.9 bp −$67doesn't fitdoesn't fitdoesn't fit

GOAT 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
Bybit GOATUSDT+0.0100%4h0.01923+0.005%$2.1M$1.3M25xas long as short
Gate GOAT_USDT+0.0100%4h0.01923+0.005%$285K$196K25xas long as short
KuCoin GOATUSDTM+0.0100%4h0.01920−0.156%$376K$143K30xas long as short
Variational Omni GOAT+0.0100%4h0.01929+0.294%$98K$109Kas long as short
BingX GOAT-USDT+0.0450%4h0.01927+0.208%$6.5Mas long as short
Binance GOATUSDT+0.0519%4h0.01929+0.304%$1.9M$2.9M25xas long as short
MEXC GOAT_USDT+0.0524%4h0.01927+0.208%$438K$161K200xas long as short
BloFin GOAT-USDTlong+0.0532%4h0.01923long leg$121K$11K25x
Hyperliquid GOATshort+0.0784%1h0.01929+0.312%$1.2M$488K3x
Orderly PERP_GOAT_USDC+0.1847%4h0.01928+0.260%$3K$2K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GOATUSD+0.2832%1h0.01927+0.197%$31K$4K10xas long as short