Funding you earn now, next payment 23:00 UTC−0.0280%/8h= −30.7% APRpaid last 24h −0.017%
Price spread now: Gate against Hyperliquid−0.047%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.033%−$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.047% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.033% in total (about -1.7% a year). A funding rate is set anew for every payment. 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 | Hyperliquid HYPER | 0.07423 | 0.0100 | pay 0.0013% / 1h | 58m 05s | $72K | $121K | 3x |
| Short | Gate HYPER_USDT | 0.07420 | −0.0180 | pay 0.0090% / 4h | 1h 58m | $90K | $46K | 50x |
Hyperliquid HYPER
Gate HYPER_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
- −$58.8
- Price spread: −0.047% → 0.000%
- −$4.71
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$87.51
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Gate: no order-book sample. 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 Hyperliquid live order book, 11 min ago | 1.55 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate no order-book sample | — | — | — | — | — |
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_USDTshort | −0.0180% | 4h | 0.07420 | −0.047% | $90K | $46K | 50x | |
| KuCoin HYPERUSDTM | −0.0160% | 4h | 0.07406 | −0.236% | $131K | $93K | 30x | as long as short |
| Hyperliquid HYPERlong | +0.0100% | 1h | 0.07423 | long leg | $72K | $121K | 3x | |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07429 | +0.078% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07421 | −0.034% | $2.0M | $2.1M | 50x | as long as short |
| Bybit HYPERUSDT | +0.0100% | 4h | 0.07429 | +0.074% | $1.1M | $704K | 25x | as long as short |
| MEXC HYPER_USDT | +0.0100% | 4h | 0.07417 | −0.088% | $258K | $128K | 20x | as long as short |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07415 | −0.115% | $310K | $262K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07410 | −0.180% | $7K | $1K | — | as long as short |
| BloFin HYPER-USDT | +0.0129% | 4h | 0.07418 | −0.074% | $190K | $23K | 50x | as long as short |
KuCoin HYPERUSDTM
Aster HYPERUSDT
Binance HYPERUSDT
Bybit HYPERUSDT
MEXC HYPER_USDT
Bitget HYPERUSDT
Variational Omni HYPER
BloFin HYPER-USDT