Funding you earn now, next payment 04:00 UTC+0.0268%/8h= +29.4% APRpaid last 24h +0.188%
Price spread now: Hyperliquid against Gate+0.188%7-day average +0.311% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2202.198% of the position
Funding, last 7 days+0.585%+$58 on $10k
+Price spread, last 4 days (all we have)+0.526%+$53 · spread now +0.188%, 7d avg +0.311%
=Together, before fees+1.110%+ Points / potential airdropHyperliquid: Season 2 · farm board+$111 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.124% cheaper against Gate than usual: you would sell low and buy high (spread +0.188% now, against its 7-day average of +0.311%). If the spread goes back, that is −$12 on $10k: about 37 hours of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SKY_USDT | 0.06825 | 0.0100 | pay 0.0050% / 4h | 6m 10s | $591K | $273K | 50x |
| Short | Hyperliquid SKY | 0.06838 | 0.0368 | get 0.0046% / 1h | 6m 10s | $2.8M | $911K | 3x |
Gate SKY_USDT
Hyperliquid SKYFunding 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
- $56.36
- Price spread: +0.188% → +0.311%
- −$12.37
- Slippage, 4 orders
- −$195.79
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$175.8
- Costs to cover
- 2.198%
- Break-even
- 28.8 days
Slippage from Gate: live order book, 50 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, 50 min ago | 4.36 bp | 100.4 bp −$100 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 4.30 bp | 20.2 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
SKY 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0181% | 4h | 0.06820 | −0.076% | $182K | $113K | — | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.06893 | +0.996% | $376 | $303K | 12x | as long as short |
| BloFin SKY-USDT | +0.0050% | 4h | 0.06837 | +0.176% | $581K | $29K | 75x | as long as short |
| Nado SKY-PERP | +0.0072% | 1h | 0.06827 | +0.033% | $75K | $31K | 5x | as long as short |
| Bybit SKYUSDT | +0.0091% | 4h | 0.06818 | −0.103% | $7.1M | $3.2M | 25x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06828 | +0.042% | $178K | $177K | 10x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06829 | +0.054% | $41K | $42K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06827 | +0.029% | $15.6M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06816 | −0.132% | $812K | $1.1M | 20x | as long as short |
| Gate SKY_USDTlong | +0.0100% | 4h | 0.06825 | long leg | $591K | $273K | 50x |
Variational Omni SKY
Injective SKY/USDC PERP
BloFin SKY-USDT
Nado SKY-PERP
Bybit SKYUSDT
Lighter SKY
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06829 | +0.059% | $1.0M | $266K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06829 | +0.059% | $402K | $291K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06826 | +0.015% | $2.8M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06822 | −0.044% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06852 | +0.396% | $27K | $659K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06828 | +0.044% | $1K | $3K | 10x | as long as short |
| Hyperliquid SKYshort | +0.0368% | 1h | 0.06838 | +0.188% | $2.8M | $911K | 3x | |
| GMX SKY/USD [ETH-USDC] | L +0.0520% / S −0.0248% | 1h | 0.06826 | +0.015% | $81K | — | 50x | as long as short |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos
GMX SKY/USD [ETH-USDC]