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

GOAT

all GOAT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0237%/8h= +26.0% APRpaid last 24h −0.117%
Price spread now: Hyperliquid against Orderly0.000%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_GOAT_USDC0.018420.2030pay 0.1015% / 4h54m 05s$3K$2K10x
ShortHyperliquid GOAT0.018420.2267get 0.0283% / 1h54m 05s$1.2M$440K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Orderly. 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
$49.8
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$34.8
Costs to cover
0.150%
Break-even
2.1 days
Slippage unknown: Orderly: no order-book sample; Hyperliquid: live order book, 6 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 Orderly no order-book sample
Sell Hyperliquid live order book, 6 min ago1.36 bp20.7 bp −$21doesn't fitdoesn't fitdoesn't fit
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%4h0.01833−0.489%$1.9M$1.0M25xas long as short
Gate GOAT_USDT+0.0100%4h0.01838−0.228%$277K$168K25xas long as short
KuCoin GOATUSDTM+0.0100%4h0.01836−0.326%$364K$154K30xas long as short
Variational Omni GOAT+0.0100%4h0.01837−0.288%$6K$18Kas long as short
MEXC GOAT_USDT+0.0260%4h0.01841−0.054%$421K$155K200xas long as short
BingX GOAT-USDT+0.0260%4h0.01838−0.217%$6.6Mas long as short
BloFin GOAT-USDT+0.0276%4h0.01845+0.163%$120K$15K25xas long as short
Binance GOATUSDT+0.0280%4h0.01842+0.001%$1.8M$2.8M25xas long as short
Orderly PERP_GOAT_USDClong+0.2030%4h0.01842long leg$3K$2K10x
Hyperliquid GOATshort+0.2267%1h0.018420.000%$1.2M$440K3x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GOATUSD+0.3346%1h0.01844+0.097%$30K$4K10xas long as short