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

GOAT

all GOAT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0496%/8h= −54.3% APRpaid last 24h −0.231%
Price spread now: BloFin against Hyperliquid0.000%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1531.535% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.036%−$104 on $10k
Price spread, last 4 days (all we have)−0.118%−$12 · spread now 0.000%, 7d avg −0.047%
Together, before fees−1.154%+ Points / potential airdropHyperliquid: Season 2 · farm board−$115 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.047% dearer against Hyperliquid than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.047%): +$5 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 8 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid GOAT0.018970.0804pay 0.0100% / 1h41m 04s$1.2M$491K3x
ShortBloFin GOAT-USDT0.018970.0308get 0.0154% / 4h2h 41m$123K$11K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$104.14
Price spread: 0.000% → −0.047%
$4.65
Slippage, 4 orders
−$132.49
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$252.98
Costs to cover
1.535%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; BloFin: live order book, 38 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 Hyperliquid live order book, 9 min ago1.58 bp38.9 bp −$39doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 38 min ago2.61 bp53.3 bp −$53189.6 bp −$1,896doesn'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%4h0.01889−0.422%$2.1M$1.3M25xas long as short
Gate GOAT_USDT+0.0100%4h0.01892−0.269%$274K$206K25xas long as short
KuCoin GOATUSDTM+0.0100%4h0.01891−0.316%$368K$128K30xas long as short
Variational Omni GOAT+0.0100%4h0.01892−0.280%$97K$109Kas long as short
BloFin GOAT-USDTshort+0.0308%4h0.018970.000%$123K$11K25x
Binance GOATUSDT+0.0362%4h0.01897−0.011%$1.9M$3.0M25xas long as short
MEXC GOAT_USDT+0.0366%4h0.018970.000%$440K$162K200xas long as short
BingX GOAT-USDT+0.0388%4h0.01893−0.211%$6.6Mas long as short
Hyperliquid GOATlong+0.0804%1h0.01897long leg$1.2M$491K3x
Orderly PERP_GOAT_USDC+0.1757%4h0.018970.000%$3K$2K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GOATUSD+0.3316%1h0.01894−0.163%$30K$4K10xas long as short