Settings8H · net · $10k
Funding arb · Price arb /

ALT

all ALT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Gate−0.197%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$870as in the Funding arb table
Net, price: spread back to 7d avg − costs−$876as in the Price arb table
costs, in and out, $10k−$8588.576% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.124%−$12 on $10k
Price spread, last 4 days (all we have)+0.212%+$21 · spread now −0.197%, 7d avg −0.015%
Together, before fees+0.088%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 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: Hyperliquid is 0.183% cheaper against Gate than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ALT_USDT0.0076020.0100pay 0.0100% / 8h4h 52m$48K$391K25x
ShortHyperliquid ALT0.0075870.0100get 0.0013% / 1h52m 07s$1.1M$193K3x

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

Profit calculator

Funding earned
$0
Price spread: −0.197% → −0.015%
−$18.26
Slippage, 4 orders
−$833.61
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$875.87
Costs to cover
8.576%
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; Hyperliquid: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 3 min ago5.25 bp529.3 bp −$529doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 8 min ago3.94 bp14.8 bp −$15doesn't fitdoesn't fitdoesn't fit

ALT on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ALT_USDC-PERPETUAL−0.0013%1h0.007593−0.118%$025xas long as short
BloFin ALT-USDT+0.0058%4h0.007607+0.066%$174K$10K50xas long as short
Hyperliquid ALTshort+0.0100%1h0.007587−0.197%$1.1M$193K3x
Binance ALTUSDT+0.0100%4h0.007592−0.134%$2.6M$3.7M50xas long as short
Bybit ALTUSDT+0.0100%4h0.007594−0.105%$1.2M$1.7M25xas long as short
Gate ALT_USDTlong+0.0100%8h0.007602long leg$48K$391K25x
MEXC ALT_USDT+0.0100%4h0.007593−0.118%$404K$183K50xas long as short
KuCoin ALTUSDTM+0.0100%4h0.007601−0.013%$151K$21K30xas long as short
Bitget ALTUSDT+0.0100%4h0.007603+0.013%$600K$108K50xas long as short
BingX ALT-USDT+0.0100%4h0.007606+0.053%$1.3Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni ALT+0.0100%4h0.007605+0.043%$4K$16Kas long as short
Kraken Futures PF_ALTUSD+0.0315%1h0.007595−0.096%$44K$8K10xas long as short
Coinbase International ALT-PERP-INTX+0.0456%1h0.007700+1.289%$14K$3K50xas long as short
Injective ALT/USDC PERP+0.5000%1h0.007691+1.171%$837$4K5.5xas long as short