Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Hyperliquid−0.135%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$720.723% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 7 days+0.065%+$7 · spread now −0.135%, 7d avg −0.020%
=Together, before fees+0.048%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.115% cheaper against Hyperliquid than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.020%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid OP | 0.1264 | 0.0100 | pay 0.0013% / 1h | 52m 32s | $3.9M | $3.0M | 5x |
| Short | Gate OP_USDT | 0.1262 | 0.0100 | get 0.0100% / 8h | 6h 52m | $1.9M | $1.5M | 50x |
Hyperliquid OP
Gate OP_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
- $0
- Price spread: −0.135% → −0.020%
- −$11.47
- Slippage, 4 orders
- −$48.26
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$83.72
- Costs to cover
- 0.723%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Gate: 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 Hyperliquid live order book, 9 min ago | 0.40 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 3.17 bp | 22.7 bp −$23 | 56.3 bp −$563 | 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 | −0.1535% | 1h | 0.1253 | −0.855% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1261 | −0.245% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0184% | 1h | 0.1279 | +1.203% | $25K | $77K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1262 | −0.174% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1261 | −0.222% | $42K | $151K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1261 | −0.247% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0058% | 8h | 0.1251 | −1.040% | $222K | $52K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0059% | 8h | 0.1260 | −0.301% | $6K | $47K | 10x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1263 | −0.047% | $282K | $946K | 15x | as long as short |
| OKX OP-USDT-SWAP | +0.0099% | 8h | 0.1263 | −0.079% | $6.1M | $30.1M | 50x | as long as short |
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
Variational Omni OP
Orderly PERP_OP_USDC
Lighter OP
OKX OP-USDT-SWAPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OPlong | +0.0100% | 1h | 0.1264 | long leg | $3.9M | $3.0M | 5x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1262 | −0.177% | $211K | $231K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1264 | +0.040% | $20.4M | $62.5M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1263 | −0.032% | $18.3M | $26.2M | 75x | as long as short |
| Gate OP_USDTshort | +0.0100% | 8h | 0.1262 | −0.135% | $1.9M | $1.5M | 50x | |
| MEXC OP_USDT | +0.0100% | 8h | 0.1263 | −0.055% | $20.5M | $7.4M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1263 | −0.063% | $2.9M | $7.0M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1263 | −0.063% | $5.9M | $6.6M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1263 | −0.063% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1261 | −0.237% | $121K | $196K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1262 | −0.141% | $4K | $387K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1250 | −1.061% | $310K | $5.2M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1262 | −0.142% | $43K | $726K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1261 | −0.229% | $167 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1260 | −0.332% | $174K | $235K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1263 | −0.085% | $101K | $395K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1261 | −0.236% | $3K | $1K | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1261 | −0.206% | $1.0M | $275K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0439% | 1h | 0.1262 | −0.111% | $702 | — | 20x | as long as short |
| Kraken Futures PF_OPUSD | +0.0462% | 1h | 0.1262 | −0.167% | $796K | $620K | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
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
Reya OPRUSDPERP
Kraken Futures PF_OPUSD