Funding you earn now, next payment 04:00 UTC+0.0731%/8h= +80.0% APRpaid last 24h +0.413%
Price spread now: Hyperliquid against Gate+0.102%7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1271.275% of the position
Funding, last 7 days+0.591%+$59 on $10k
+Price spread, last 7 days−0.056%−$6 · spread now +0.102%, 7d avg +0.154%
=Together, before fees+0.535%+ Points / potential airdropHyperliquid: Season 2 · farm board+$53 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.052% cheaper against Gate than usual: you would sell low and buy high (spread +0.102% now, against its 7-day average of +0.154%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.591% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate NIL_USDT | 0.06965 | 0.0100 | pay 0.0050% / 4h | 7m 01s | $448K | $2.0M | 50x |
| Short | Hyperliquid NIL | 0.06972 | 0.0831 | get 0.0104% / 1h | 7m 01s | $4.4M | $4.6M | 3x |
Gate NIL_USDT
Hyperliquid NILFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $153.44
- Price spread: +0.102% → +0.154%
- −$5.23
- Slippage, 4 orders
- −$103.45
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $20.76
- Costs to cover
- 1.275%
- Break-even
- 6.1 days
Slippage from Gate: live order book, 1 min ago; Hyperliquid: live order book, 5 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 Gate live order book, 1 min ago | 12.94 bp | 35.8 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 2.14 bp | 16.6 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
NIL 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster NILUSDT | +0.0100% | 4h | 0.06955 | −0.142% | $23K | $315K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.06958 | −0.101% | $5.4M | $74.1M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.06966 | +0.014% | $3.8M | $13.7M | 20x | as long as short |
| Gate NIL_USDTlong | +0.0100% | 4h | 0.06965 | long leg | $448K | $2.0M | 50x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.06961 | −0.057% | $2.3M | $4.3M | 100x | as long as short |
| KuCoin NILUSDTM | +0.0100% | 4h | 0.06969 | +0.057% | $580K | $703K | 30x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.06961 | −0.057% | $1.9M | $8.4M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.06958 | −0.101% | — | $8.4M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.06989 | +0.348% | $185K | $264K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.06954 | −0.154% | $21K | $98K | 5x | as long as short |
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
KuCoin NILUSDTM
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NIL
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0128% | 4h | 0.06973 | +0.115% | $350K | $125K | 50x | as long as short |
| Hyperliquid NILshort | +0.0831% | 1h | 0.06972 | +0.102% | $4.4M | $4.6M | 3x |
BloFin NIL-USDT