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

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.052%
Price spread now: Gate against Hyperliquid−0.272%7-day average −0.210% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1071.066% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.186%−$19 on $10k
Price spread, last 4 days (all we have)−0.101%−$10 · spread now −0.272%, 7d avg −0.210%
Together, before fees−0.287%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 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 0.062% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.210%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid CC0.11750.0100pay 0.0013% / 1h28m 57s$5.5M$1.4M3x
ShortGate CC_USDT0.11720.0100get 0.0050% / 4h28m 57s$363K$217K50x

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

Funding earned
$0
Price spread: −0.272% → −0.210%
−$6.23
Slippage, 4 orders
−$82.58
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$112.8
Costs to cover
1.066%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Gate: live order book, 26 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 Hyperliquid live order book, 3 min ago1.28 bp13.7 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 26 min ago9.42 bp49.7 bp −$50doesn't fitdoesn't fitdoesn't fit

CC on 19 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
Injective CC/USDC PERP−0.3024%1h0.1180+0.443%$402$3K5.5xas long as short
Bybit CCUSDT−0.0138%4h0.1172−0.221%$10.7M$3.9M25xas long as short
MEXC CC_USDT−0.0138%4h0.1172−0.255%$1.7M$331K100xas long as short
Paradex CC-USD-PERP+0.0098%8h0.1174−0.093%$1K5xas long as short
Hyperliquid CClong+0.0100%1h0.1175long leg$5.5M$1.4M3x
Aster CCUSDT+0.0100%4h0.1174−0.089%$35K$32K20xas long as short
Binance CCUSDT+0.0100%4h0.1172−0.255%$11.1M$12.2M75xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1173−0.170%$2.5M$3.3M20xas long as short
Gate CC_USDTshort+0.0100%4h0.1172−0.272%$363K$217K50x
KuCoin CCUSDTM+0.0100%4h0.1173−0.119%$484K$122K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1171−0.298%$919K$784K20xas long as short
BingX CC-USDT+0.0100%4h0.1172−0.230%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1173−0.170%$15K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1171−0.349%$597K$56Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1171−0.324%$78K$2.4M10xas long as short
Derive CC-PERP+0.0100%1h0.1172−0.211%$6K$35K6.7xas long as short
BloFin CC-USDT+0.0340%4h0.1172−0.221%$594K$99K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0448% / S −0.0241%1h0.1174−0.067%$44K50xas long as short
Lighter CC+0.0672%1h0.1179+0.358%$244K$160K5xas long as short