Funding you earn now, next payment 06:00 UTC+0.0962%/8h= +105.3% APRpaid last 24h +0.055%
Price spread now: Hyperliquid against Gate+0.228%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1151.151% of the position
Funding, last 7 days+0.294%+$29 on $10k
+Price spread, last 4 days (all we have)−0.286%−$29 · spread now +0.228%, 7d avg +0.019%
=Together, before fees+0.008%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Hyperliquid is 0.210% dearer against Gate than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.019%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.294% in total (about 15.3% 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 HEMI_USDT | 0.006573 | 0.0354 | pay 0.0177% / 4h | 2h 17m | $513K | $292K | 20x |
| Short | Hyperliquid HEMI | 0.006588 | 0.1316 | get 0.0164% / 1h | 17m 33s | $1.1M | $369K | 3x |
Gate HEMI_USDT
Hyperliquid HEMIFunding 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
- $201.93
- Price spread: +0.228% → +0.019%
- $20.95
- Slippage, 4 orders
- −$91.08
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $107.8
- Costs to cover
- 1.151%
- Break-even
- 3.3 days
Slippage from Gate: live order book, 28 min ago; Hyperliquid: live order book, 3 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, 28 min ago | 6.07 bp | 33.9 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.76 bp | 25.8 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
HEMI on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HEMIUSDT | +0.0100% | 4h | 0.006562 | −0.165% | $76K | $46K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006564 | −0.137% | $1.7M | $1.5M | 25x | as long as short |
| KuCoin HEMIUSDTM | +0.0100% | 4h | 0.006585 | +0.183% | $835K | $1.7M | 20x | as long as short |
| Variational Omni HEMI | +0.0100% | 4h | 0.006560 | −0.192% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006713 | +2.130% | $2K | $1.2M | 20x | as long as short |
| BingX HEMI-USDT | +0.0180% | 4h | 0.006581 | +0.122% | — | $1.4M | — | as long as short |
| Binance HEMIUSDT | +0.0187% | 4h | 0.006567 | −0.091% | $6.7M | $11.0M | 20x | as long as short |
| MEXC HEMI_USDT | +0.0188% | 4h | 0.006579 | +0.091% | $1.7M | $283K | 50x | as long as short |
| Extended HEMI-USD | +0.0192% | 1h | 0.006579 | +0.094% | $17K | — | 5x | as long as short |
| BloFin HEMI-USDT | +0.0208% | 4h | 0.006575 | +0.030% | $369K | $52K | 20x | as long as short |
Aster HEMIUSDT
Bybit HEMIUSDT
KuCoin HEMIUSDTM
Variational Omni HEMI
SunX HEMI-USDT
BingX HEMI-USDT
Binance HEMIUSDT
MEXC HEMI_USDT
Extended HEMI-USD
BloFin HEMI-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HEMI_USDTlong | +0.0354% | 4h | 0.006573 | long leg | $513K | $292K | 20x | |
| Hyperliquid HEMIshort | +0.1316% | 1h | 0.006588 | +0.228% | $1.1M | $369K | 3x |