Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%
Price spread now: Gate against Hyperliquid−0.133%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$1921.922% of the position
Funding, last 7 days+0.231%+$23 on $10k
+Price spread, last 4 days (all we have)−0.130%−$13 · spread now −0.133%, 7d avg −0.062%
=Together, before fees+0.101%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 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 0.071% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid S | 0.03908 | 0.0100 | pay 0.0013% / 1h | 24m 52s | $981K | $757K | 5x |
| Short | Gate S_USDT | 0.03903 | 0.0100 | get 0.0050% / 4h | 1h 24m | $319K | $265K | 50x |
Hyperliquid S
Gate S_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: −0.133% → −0.062%
- −$7.14
- Slippage, 4 orders
- −$168.22
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$199.36
- Costs to cover
- 1.922%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 15 min ago; Gate: live order book, 55 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, 15 min ago | 3.68 bp | 20.3 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 55 min ago | 7.65 bp | 75.0 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1601% | 1h | 0.03903 | −0.121% | $33K | $26K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1576% | 1h | 0.03826 | −2.103% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0835% | 4h | 0.03901 | −0.197% | $607K | $31K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0196% / S +0.0189% | 1h | 0.03910 | +0.051% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03905 | −0.082% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03909 | +0.029% | $603 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0029% | 4h | 0.03908 | −0.005% | $100K | $345K | 10x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.908% | $2K | $37K | 12x | as long as short |
| Aster SUSDT | +0.0095% | 4h | 0.03916 | +0.189% | $43K | $212K | 10x | as long as short |
| Lighter S | +0.0096% | 1h | 0.03912 | +0.097% | $164K | $223K | 5x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
Injective S/USDC PERP
Aster SUSDT
Lighter SShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid Slong | +0.0100% | 1h | 0.03908 | long leg | $981K | $757K | 5x | |
| Binance SUSDT | +0.0100% | 4h | 0.03911 | +0.084% | $5.3M | $19.2M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03906 | −0.056% | $5.6M | $5.7M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03913 | +0.123% | $973K | $5.9M | 20x | as long as short |
| Gate S_USDTshort | +0.0100% | 4h | 0.03903 | −0.133% | $319K | $265K | 50x | |
| MEXC S_USDT | +0.0100% | 4h | 0.03914 | +0.148% | $3.5M | $2.3M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03908 | −0.005% | $1.8M | $3.0M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03917 | +0.225% | $1.2M | $2.6M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03911 | +0.072% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.03920 | +0.302% | $25K | $465K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.03912 | +0.091% | $219K | $881K | 10x | as long as short |
| 01 Exchange SUSD | +0.0136% | 1h | 0.03900 | −0.210% | $24K | $2K | 5x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03908 | −0.005% | $267K | $126K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0404% | 1h | 0.03920 | +0.302% | $114K | $301K | 5x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0517% | 1h | 0.03913 | +0.123% | $66K | $10K | 10x | as long as short |
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
01 Exchange SUSD
BloFin S-USDT
Backpack S_USDC_PERP
Deribit S_USDC-PERPETUAL