Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%
Price spread now: Hyperliquid against Gate+0.016%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$700.697% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 7 days+0.049%+$5 · spread now +0.016%, 7d avg +0.019%
=Together, before fees+0.096%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OP_USDT | 0.1287 | 0.0100 | pay 0.0100% / 8h | 1h 03m | $2.0M | $1.6M | 50x |
| Short | Hyperliquid OP | 0.1287 | 0.0100 | get 0.0013% / 1h | 3m 26s | $4.2M | $2.9M | 5x |
Gate OP_USDT
Hyperliquid OPFunding 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
- $0
- Price spread: +0.016% → +0.019%
- −$0.36
- Slippage, 4 orders
- −$45.72
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$70.08
- Costs to cover
- 0.697%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 min ago; Hyperliquid: live order book, 8 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, 4 min ago | 3.12 bp | 24.3 bp −$24 | 53.6 bp −$536 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.17 bp | 8.0 bp −$8 | 20.5 bp −$205 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1710% | 1h | 0.1274 | −1.010% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1287 | −0.037% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1280 | −0.544% | $21K | $65K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1287 | +0.025% | $40K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1287 | 0.000% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1287 | −0.026% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0064% | 8h | 0.1287 | 0.000% | $6K | $49K | 10x | as long as short |
| Variational Omni OP | +0.0068% | 8h | 0.1283 | −0.344% | $234K | $53K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1287 | +0.016% | $291K | $927K | 15x | as long as short |
| Hyperliquid OPshort | +0.0100% | 1h | 0.1287 | +0.016% | $4.2M | $2.9M | 5x |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1287 | −0.004% | $215K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1286 | −0.074% | $20.9M | $61.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1286 | −0.085% | $18.9M | $25.5M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1286 | −0.047% | $6.1M | $30.5M | 50x | as long as short |
| Gate OP_USDTlong | +0.0100% | 8h | 0.1287 | long leg | $2.0M | $1.6M | 50x | |
| MEXC OP_USDT | +0.0100% | 8h | 0.1286 | −0.062% | $20.4M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1286 | −0.078% | $2.9M | $7.4M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1287 | 0.000% | $6.1M | $6.3M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1286 | −0.078% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1288 | +0.101% | $125K | $190K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1285 | −0.129% | $10K | $383K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1285 | −0.155% | $321K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1282 | −0.389% | $46K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1286 | −0.039% | $174 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1288 | +0.109% | $178K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1286 | −0.101% | $103K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1287 | +0.007% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1286 | −0.062% | $1.0M | $290K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0223% | 1h | 0.1288 | +0.081% | $805K | $745K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1286 | −0.055% | $715 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP