Funding you earn now, next payment 23:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.004%
Price spread now: Gate against Hyperliquid−0.124%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1151.147% of the position
Funding, last 7 days−0.392%−$39 on $10k
+Price spread, last 4 days (all we have)+0.145%+$14 · spread now −0.124%, 7d avg −0.009%
=Together, before fees−0.247%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.115% cheaper against Hyperliquid than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HEMI | 0.006446 | 0.0106 | pay 0.0013% / 1h | 50m 02s | $1.0M | $281K | 3x |
| Short | Gate HEMI_USDT | 0.006438 | 0.0100 | get 0.0050% / 4h | 1h 50m | $492K | $229K | 20x |
Hyperliquid HEMI
Gate HEMI_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.36
- Price spread: −0.124% → −0.009%
- −$11.54
- Slippage, 4 orders
- −$90.75
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$127.64
- Costs to cover
- 1.148%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, just now; Gate: live order book, 31 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 Hyperliquid live order book, just now | 1.55 bp | 18.0 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 31 min ago | 3.11 bp | 39.1 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
HEMI 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin HEMI-USDT | +0.0079% | 4h | 0.006438 | −0.124% | $347K | $65K | 20x | as long as short |
| Aster HEMIUSDT | +0.0100% | 4h | 0.006432 | −0.211% | $74K | $31K | 5x | as long as short |
| Binance HEMIUSDT | +0.0100% | 4h | 0.006441 | −0.084% | $6.3M | $10.2M | 20x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006432 | −0.217% | $1.7M | $1.4M | 25x | as long as short |
| Gate HEMI_USDTshort | +0.0100% | 4h | 0.006438 | −0.124% | $492K | $229K | 20x | |
| MEXC HEMI_USDT | +0.0100% | 4h | 0.006441 | −0.078% | $1.7M | $278K | 50x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006437 | −0.140% | $767K | $1.6M | 20x | as long as short |
| BingX HEMI-USDT | +0.0100% | 4h | 0.006439 | −0.109% | — | $1.4M | — | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006429 | −0.264% | $23K | $4K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006590 | +2.234% | $1K | $1.1M | 20x | as long as short |
BloFin HEMI-USDT
Aster HEMIUSDT
Binance HEMIUSDT
Bybit HEMIUSDT
MEXC HEMI_USDT
KuCoin HEMIUSDTM
BingX HEMI-USDT
Variational Omni HEMI
SunX HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended HEMI-USD | +0.0104% | 1h | 0.006440 | −0.094% | $17K | $516 | 5x | as long as short |
| Hyperliquid HEMIlong | +0.0106% | 1h | 0.006446 | long leg | $1.0M | $281K | 3x |
Extended HEMI-USD