Funding you earn now, next payment 00:00 UTC+0.0988%/8h= +108.2% APRpaid last 24h +0.080%
Price spread now: Hyperliquid against Gate+0.169%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$510.506% of the position
Funding, last 7 days+0.224%+$22 on $10k
+Price spread, last 7 days−0.153%−$15 · spread now +0.169%, 7d avg +0.098%
=Together, before fees+0.071%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Hyperliquid is 0.071% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.098%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.224% in total (about 11.7% 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 FET_USDT | 0.2050 | 0.0073 | pay 0.0073% / 8h | 55m 02s | $2.8M | $12.0M | 50x |
| Short | Hyperliquid FET | 0.2053 | 0.1061 | get 0.0133% / 1h | 55m 02s | $9.1M | $8.0M | 5x |
Gate FET_USDT
Hyperliquid FETFunding 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
- $207.41
- Price spread: +0.169% → +0.098%
- $7.08
- Slippage, 4 orders
- −$26.6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $163.88
- Costs to cover
- 0.506%
- Break-even
- 1.5 days
Slippage from Gate: live order book, 4 min ago; Hyperliquid: live order book, 7 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, 4 min ago | 4.88 bp | 16.5 bp −$17 | 41.0 bp −$410 | 56.2 bp −$5,622 | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.24 bp | 11.4 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
FET on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FET_USDC-PERPETUAL | −0.3150% | 1h | 0.2052 | +0.098% | $28K | $200K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0728% | 1h | 0.2051 | +0.049% | $153K | $205K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0475% | 1h | 0.2054 | +0.198% | $1.0M | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0012% | 1h | 0.2052 | +0.089% | $32K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −1.951% | $3K | $166K | 12x | as long as short |
| Gate FET_USDTlong | +0.0073% | 8h | 0.2050 | long leg | $2.8M | $12.0M | 50x | |
| Aster FETUSDT | +0.0100% | 8h | 0.2053 | +0.142% | $343K | $540K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2051 | +0.068% | $32.1M | $107.9M | 75x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2049 | −0.049% | $34.2M | $24.8M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2053 | +0.146% | $10.7M | $19.1M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2046 | −0.184% | $289K | $327K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2051 | +0.049% | $38K | $5K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2051 | +0.049% | $34K | $190K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2051 | +0.030% | $14K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2050 | 0.000% | $1.7M | $2.7M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0298% | 4h | 0.2057 | +0.341% | $999K | $7.8M | 20x | as long as short |
| BingX FET-USDT | +0.0318% | 8h | 0.2052 | +0.098% | — | $5.6M | — | as long as short |
| Bitget FETUSDT | +0.0338% | 8h | 0.2053 | +0.146% | $16.6M | $11.4M | 75x | as long as short |
| Phoenix FET | +0.0599% | 1h | 0.2048 | −0.083% | $36K | $45K | 5x | as long as short |
| Hyperliquid FETshort | +0.1061% | 1h | 0.2053 | +0.169% | $9.1M | $8.0M | 5x |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Phoenix FET