Funding you earn now, next payment 00:00 UTC+0.0218%/8h= +23.9% APRnext payment +$1.09 per $10,000 · paid last 24h +0.017%
Price spread now: Binance against Gate+0.040%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.040% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HYPER_USDT | 0.07450 | −0.0118 | get 0.0059% / 4h | 2h 19m | $91K | $46K | 50x |
| Short | Binance HYPERUSDT | 0.07453 | 0.0100 | get 0.0050% / 4h | 2h 19m | $2.0M | $2.1M | 50x |
Gate HYPER_USDT
Binance HYPERUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $45.78
- Price spread: +0.040% → 0.000%
- $4.03
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $24.81
- Costs to cover
- 0.250%
- Break-even
- 3.2 days
Slippage unknown: Gate: no order-book sample; Binance: live order book, 15 min ago. Net counts fees only.
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 Gate no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 15 min ago | 0.67 bp | 20.4 bp −$20 | 106.7 bp −$1,067 | doesn't fit | doesn't fit |
Gate: 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.
HYPER on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPER_USDTlong | −0.0118% | 4h | 0.07450 | long leg | $91K | $46K | 50x | |
| KuCoin HYPERUSDTM | −0.0018% | 4h | 0.07441 | −0.121% | $131K | $93K | 30x | as long as short |
| Hyperliquid HYPER | +0.0100% | 1h | 0.07455 | +0.063% | $72K | $121K | 3x | as long as short |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07457 | +0.099% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDTshort | +0.0100% | 4h | 0.07453 | +0.040% | $2.0M | $2.1M | 50x | |
| Bybit HYPERUSDT | +0.0100% | 4h | 0.07458 | +0.107% | $1.2M | $706K | 25x | as long as short |
| MEXC HYPER_USDT | +0.0100% | 4h | 0.07454 | +0.054% | $259K | $131K | 20x | as long as short |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07455 | +0.067% | $311K | $262K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07459 | +0.115% | $7K | $1K | — | as long as short |
| BloFin HYPER-USDT | +0.0108% | 4h | 0.07448 | −0.027% | $189K | $23K | 50x | as long as short |
KuCoin HYPERUSDTM
Hyperliquid HYPER
Aster HYPERUSDT
Bybit HYPERUSDT
MEXC HYPER_USDT
Bitget HYPERUSDT
Variational Omni HYPER
BloFin HYPER-USDT