HOOKED

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GateHOOKED_USDT	0.007803	+0.0100	pay 0.0050% / 4h	2h 45m	$79K	$219K	10x	Long Gate
SHORT	BingXHOOKED-USDT	0.007850	−0.0248	pay 0.0124% / 4h	2h 45m	$930K	$218K	—	Short BingX

Price gap+0.602%

Funding gap−0.0348% /8h

Both sides work against this direction now: funding costs $10 a day on $10k and the gap is 0.300% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$1−0.0348% /8h now · paid +0.015% over the last 5 hours (all we have)

Price−$30spread +0.602% now, avg +0.902% → −0.300% if it goes back

Costsno datano order book for BingX

Result, before costs−$29−0.29%no pointscosts unknown: no order book for BingX · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.602%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HOOKED on 3 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

Note: Order book unknown—
No order-book sample for BingX: its slippage is not counted.
Note: Margin at max leverage$1,000 + —
Gate 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$10.44Long Gate: 6 payments, −$3.00; short BingX: 6 payments, −$7.44.
Watch: Gap narrower than usual+0.602% vs +0.902%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$79K vs $930K OI
Gate sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCGate Yes · BingX Yes
KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0226%/8h × 21 periods+$47.46

Price spread+0.602% → +0.902% (7d avg)−$29.99

Slippage, 4 ordersno data for BingX—

Fee Gate bp × 2 orders−$15.00

Fee BingX bp × 2 orders−$10.00

Net, fees only · 7 days · $10k−$7.53

Costs to cover0.250%Break-even8.1 days

Slippage: Gate: live order book, 50 min ago; BingX: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGGate86.492036.8 bp−$2,037doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBingX—————

Closing costs about the same again.
BingX: no data.

HOOKED news

posts that mention HOOKED, from every exchangeSearch all news →

10-08 04:11	BingX	Listing	new market HOOKED-USDT ($HOOKED) seen by our collector
10-04 11:03	Gate	Other	Trade $HOOKED: Trade $HOOKR: @Gate on X ↗
10-04 11:03	Gate	Listing	Gate Futures New Listing: $HOOKED, $HOOKR 🔹 Trading Pairs: $HOOKED / $USDT, $HOOKR / $USDT 🔹 Trading Starts: Now Open 🔹 Supports 1 – 10x Leverage, Bots and Copy Trading More details: @Gate on X ↗
10-04 07:54	MEXC	Listing	new market HOOKED_USDT ($HOOKED) seen by our collector
10-03 13:38	Gate	Listing	new market HOOKED_USDT ($HOOKED) seen by our collector