Funding you earn now, next payment 09:00 UTC−0.0359%/8h= −39.3% APRpaid last 24h −0.104%
Price spread now: Gate against Hyperliquid−0.106%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1121.123% of the position
Funding, last 7 days−0.266%−$27 on $10k
+Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.106%, 7d avg −0.019%
=Together, before fees−0.035%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Gate is 0.087% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid HEMI | 0.006577 | 0.0459 | pay 0.0057% / 1h | 16m 16s | $1.0M | $406K | 3x |
| Short | Gate HEMI_USDT | 0.006570 | 0.0100 | get 0.0050% / 4h | 3h 16m | $524K | $315K | 20x |
Hyperliquid HEMI
Gate HEMI_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$75.35
- Price spread: −0.106% → −0.019%
- −$8.74
- Slippage, 4 orders
- −$88.29
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$196.38
- Costs to cover
- 1.123%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Gate: live order book, 15 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, 4 min ago | 1.52 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 15 min ago | 6.13 bp | 38.3 bp −$38 | 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 | 0.006561 | −0.243% | $72K | $50K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006564 | −0.198% | $1.7M | $1.5M | 25x | as long as short |
| Gate HEMI_USDTshort | +0.0100% | 4h | 0.006570 | −0.106% | $524K | $315K | 20x | |
| Variational Omni HEMI | +0.0100% | 4h | 0.006566 | −0.167% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006718 | +2.144% | $2K | $1.3M | 20x | as long as short |
| BloFin HEMI-USDT | +0.0103% | 4h | 0.006577 | 0.000% | $367K | $57K | 20x | as long as short |
| BingX HEMI-USDT | +0.0132% | 4h | 0.006573 | −0.061% | — | $1.4M | — | as long as short |
| MEXC HEMI_USDT | +0.0142% | 4h | 0.006574 | −0.046% | $1.7M | $282K | 50x | as long as short |
| Binance HEMIUSDT | +0.0143% | 4h | 0.006577 | −0.005% | $6.6M | $11.4M | 20x | as long as short |
| Extended HEMI-USD | +0.0144% | 1h | 0.006575 | −0.031% | $17K | — | 5x | as long as short |
Aster HEMIUSDT
Bybit HEMIUSDT
Variational Omni HEMI
SunX HEMI-USDT
BloFin HEMI-USDT
BingX HEMI-USDT
MEXC HEMI_USDT
Binance HEMIUSDT
Extended HEMI-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HEMIUSDTM | +0.0350% | 4h | 0.006581 | +0.061% | $845K | $1.7M | 20x | as long as short |
| Hyperliquid HEMIlong | +0.0459% | 1h | 0.006577 | long leg | $1.0M | $406K | 3x |
KuCoin HEMIUSDTM