Funding you earn now, next payment 23:00 UTC−0.1212%/8h= −132.8% APRpaid last 24h −0.234%
Price spread now: Gate against Hyperliquid−0.370%7-day average −0.219% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.314%−$31 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.370%, 7d avg −0.219%
=Together, before fees−0.248%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Gate is 0.150% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.219%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.314% in total (about -16.4% 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 POPCAT | 0.05490 | 0.1312 | pay 0.0164% / 1h | 56m 45s | $2.5M | $1.1M | 3x |
| Short | Gate POPCAT_USDT | 0.05470 | 0.0100 | get 0.0050% / 4h | 1h 56m | $415K | $649K | 50x |
Hyperliquid POPCAT
Gate POPCAT_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
- −$254.62
- Price spread: −0.370% → −0.219%
- −$15.05
- 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
- −$293.67
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Gate: live order book, 25 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 Hyperliquid live order book, 4 min ago | 2.19 bp | 21.7 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 25 min ago | 8.17 bp | 85.6 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.3374% | 1h | 0.05417 | −1.335% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0942% | 1h | 0.05426 | −1.176% | $138K | $114K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05474 | −0.295% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05482 | −0.151% | $99K | $45K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05489 | −0.024% | $2.3M | $6.3M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05479 | −0.206% | $8.8M | $5.8M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05481 | −0.169% | $674K | $1.4M | 20x | as long as short |
| Gate POPCAT_USDTshort | +0.0100% | 4h | 0.05470 | −0.370% | $415K | $649K | 50x | |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05486 | −0.078% | $1.9M | $918K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05486 | −0.078% | $1.1M | $996K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05479 | −0.206% | $1.1M | $885K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05478 | −0.224% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05458 | −0.592% | $500K | $173K | — | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0100% | 4h | 0.05475 | −0.279% | $243K | $489K | 10x | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05480 | −0.188% | $22K | $645K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05476 | −0.262% | $97K | $440K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05479 | −0.206% | $124K | $284K | 50x | as long as short |
| Hyperliquid POPCATlong | +0.1312% | 1h | 0.05490 | long leg | $2.5M | $1.1M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDC
Variational Omni POPCAT
GRVT POPCAT_USDT_Perp
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT