Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Hyperliquid−0.130%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1311.313% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.130%, 7d avg −0.057%

Together, before fees+0.198%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 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 0.073% 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 −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TURBO	0.001077	0.0100	pay 0.0013% / 1h	4m 06s	$316K	$170K	3x
Short	Gate TURBO_USDT	0.001076	0.0100	get 0.0050% / 4h	1h 04m	$388K	$345K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee GatebpOrdersPrice spread, now −0.130%Rate

Funding earned: $0
Price spread: −0.130% → −0.057%: −$7.28
Slippage, 4 orders: −$107.32
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$138.6
Costs to cover: 1.313%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 55 min ago; Gate: live order book, 36 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, 55 min ago	4.67 bp	21.9 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 36 min ago	9.35 bp	45.9 bp −$46	531.2 bp −$5,312	doesn't fit	doesn't fit

TURBO on 14 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_TURBOUSD	−0.0341%	1h	0.001075	−0.145%	$71K	$31K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.743%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0079%	4h	0.001075	−0.158%	$155K	$486K	75x	as long as short
Hyperliquid TURBOlong	+0.0100%	1h	0.001077	long leg	$316K	$170K	3x
Aster TURBOUSDT	+0.0100%	4h	0.001075	−0.183%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001075	−0.183%	$2.9M	$6.5M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001075	−0.176%	$393K	$780K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001074	−0.232%	$897K	$2.3M	20x	as long as short
Gate TURBO_USDTshort	+0.0100%	4h	0.001076	−0.130%	$388K	$345K	25x
MEXC TURBO_USDT	+0.0100%	4h	0.001074	−0.241%	$5.6M	$616K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTM	+0.0100%	4h	0.001075	−0.186%	$1.8M	$898K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001077	0.000%	$1.0M	$592K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001076	−0.130%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001075	−0.224%	$3K	$158K	5x	as long as short