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−0.0373%/8h= −40.8% APRpaid last 24h −0.300%
Price spread now: Gate against Hyperliquid−0.150%7-day average −0.294% · you buy dearer than you sell
Net, funding: paid 7d − costs−$415as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2912.912% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.235%−$123 on $10k
Price spread, last 4 days (all we have)−0.109%−$11 · spread now −0.150%, 7d avg −0.294%
Together, before fees−1.344%+ Points / potential airdropHyperliquid: Season 2 · farm board−$134 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.144% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.150% now, against its 7-day average of −0.294%): +$14 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 31 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid GOAT0.018630.0473pay 0.0059% / 1h32m 29s$1.2M$486K3x
ShortGate GOAT_USDT0.018610.0100get 0.0050% / 4h2h 32m$270K$207K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$78.27
Price spread: −0.150% → −0.294%
$14.39
Slippage, 4 orders
−$267.21
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$355.09
Costs to cover
2.912%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Gate: live order book, 9 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, 8 min ago5.85 bp56.2 bp −$56doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 9 min ago27.73 bp97.4 bp −$97doesn'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%4h0.01857−0.343%$2.0M$1.3M25xas long as short
Gate GOAT_USDTshort+0.0100%4h0.01861−0.150%$270K$207K25x
KuCoin GOATUSDTM+0.0100%4h0.01860−0.182%$365K$129K30xas long as short
Variational Omni GOAT+0.0100%4h0.01873+0.500%$96K$109Kas long as short
Binance GOATUSDT+0.0320%4h0.01862−0.065%$1.9M$3.0M25xas long as short
MEXC GOAT_USDT+0.0328%4h0.01862−0.075%$432K$162K200xas long as short
BloFin GOAT-USDT+0.0343%4h0.01865+0.086%$122K$11K25xas long as short
BingX GOAT-USDT+0.0352%4h0.01862−0.075%$6.6Mas long as short
Hyperliquid GOATlong+0.0473%1h0.01863long leg$1.2M$486K3x
Orderly PERP_GOAT_USDC+0.1700%4h0.01862−0.075%$3K$2K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GOATUSD+0.3372%1h0.01862−0.055%$30K$4K10xas long as short