Funding you earn now, next payment 22:00 UTC+0.1074%/8h= +117.6% APRpaid last 24h +0.179%
Price spread now: Hyperliquid against Gate+0.360%7-day average +0.229% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.433%+$43 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.360%, 7d avg +0.229%
=Together, before fees+0.256%+ Points / potential airdropHyperliquid: Season 2 · farm board+$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Hyperliquid is 0.131% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.229%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.433% in total (about 22.6% 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 | Gate SYRUP_USDT | 0.2334 | 0.0100 | pay 0.0100% / 8h | 2h 19m | $436K | $66K | 25x |
| Short | Hyperliquid SYRUP | 0.2342 | 0.1174 | get 0.0147% / 1h | 19m 40s | $5.9M | $1.4M | 3x |
Gate SYRUP_USDT
Hyperliquid SYRUPFunding 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
- $225.51
- Price spread: +0.360% → +0.229%
- $13.12
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $214.64
- Costs to cover
- 0.240%
- Break-even
- 0.3 days
Slippage unknown: Gate: live order book, 1 min ago; Hyperliquid: live order book, 2 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 Gate live order book, 1 min ago | 25.73 bp | 196.4 bp −$196 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 4.69 bp | 25.5 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
SYRUP on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin SYRUP-USDT | +0.0085% | 4h | 0.2335 | +0.077% | $470K | $134K | 50x | as long as short |
| Lighter SYRUP | +0.0096% | 1h | 0.2339 | +0.227% | $212K | $225K | 5x | as long as short |
| Aster SYRUPUSDT | +0.0100% | 4h | 0.2335 | +0.081% | $12K | $61K | 10x | as long as short |
| Binance SYRUPUSDT | +0.0100% | 4h | 0.2335 | +0.049% | $9.8M | $6.4M | 25x | as long as short |
| Bybit SYRUPUSDT | +0.0100% | 4h | 0.2334 | +0.009% | $2.3M | $1.9M | 25x | as long as short |
| OKX SYRUP-USDT-SWAP | +0.0100% | 4h | 0.2334 | +0.017% | $1.2M | $996K | 20x | as long as short |
| Gate SYRUP_USDTlong | +0.0100% | 8h | 0.2334 | long leg | $436K | $66K | 25x | |
| MEXC SYRUP_USDT | +0.0100% | 4h | 0.2334 | +0.017% | $3.2M | $567K | 100x | as long as short |
| KuCoin SYRUPUSDTM | +0.0100% | 4h | 0.2336 | +0.081% | $2.0M | $107K | 25x | as long as short |
| Bitget SYRUPUSDT | +0.0100% | 4h | 0.2337 | +0.146% | $701K | $424K | 20x | as long as short |
BloFin SYRUP-USDT
Lighter SYRUP
Aster SYRUPUSDT
Binance SYRUPUSDT
Bybit SYRUPUSDT
OKX SYRUP-USDT-SWAP
MEXC SYRUP_USDT
KuCoin SYRUPUSDTM
Bitget SYRUPUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX SYRUP-USDT | +0.0100% | 4h | 0.2336 | +0.107% | — | $6.6M | — | as long as short |
| Variational Omni SYRUP | +0.0100% | 4h | 0.2339 | +0.234% | $167K | $48K | — | as long as short |
| Reya SYRUPRUSDPERP | +0.0149% | 1h | 0.2334 | +0.028% | — | — | 5x | as long as short |
| GMX SYRUP/USD [ETH-USDC] | L +0.0332% / S −0.1447% | 1h | 0.2334 | +0.005% | $3K | — | 50x | as long as short |
| Kraken Futures PF_SYRUPUSD | +0.0966% | 1h | 0.2338 | +0.191% | $42K | $24K | 10x | as long as short |
| Hyperliquid SYRUPshort | +0.1174% | 1h | 0.2342 | +0.360% | $5.9M | $1.4M | 3x |
BingX SYRUP-USDT
Variational Omni SYRUP
Reya SYRUPRUSDPERP
GMX SYRUP/USD [ETH-USDC]
Kraken Futures PF_SYRUPUSD