Funding you earn now, next payment 01:00 UTC−0.0660%/8h= −72.3% APRpaid last 24h −0.261%
Price spread now: Gate against Hyperliquid−0.423%7-day average −0.219% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.340%−$34 on $10k
+Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.423%, 7d avg −0.219%
=Together, before fees−0.148%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Gate is 0.204% cheaper against Hyperliquid than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.219%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.340% in total (about -17.8% 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 | Hyperliquid POPCAT | 0.05644 | 0.0760 | pay 0.0095% / 1h | 57m 11s | $2.6M | $1.0M | 3x |
| Short | Gate POPCAT_USDT | 0.05620 | 0.0100 | get 0.0050% / 4h | 3h 57m | $429K | $629K | 50x |
Hyperliquid POPCAT
Gate POPCAT_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
- −$138.62
- Price spread: −0.423% → −0.219%
- −$20.4
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$183.02
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Gate: live order book, 14 min ago. Net counts fees only.
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 | 2.22 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 14 min ago | 12.47 bp | 105.1 bp −$105 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective POPCAT/USDC PERP | −0.4945% | 1h | 0.05573 | −1.256% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0395% | 1h | 0.05628 | −0.273% | $147K | $139K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05632 | −0.202% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05632 | −0.211% | $101K | $46K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05637 | −0.122% | $2.3M | $6.6M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05621 | −0.406% | $8.9M | $6.1M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05632 | −0.211% | $701K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDTshort | +0.0100% | 4h | 0.05620 | −0.423% | $429K | $629K | 50x | |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05636 | −0.140% | $1.8M | $936K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05630 | −0.246% | $1.1M | $987K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05626 | −0.317% | $1.2M | $930K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05624 | −0.353% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05609 | −0.614% | $510K | $172K | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05620 | −0.423% | $23K | $649K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05632 | −0.208% | $99K | $435K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0124% | 4h | 0.05634 | −0.183% | $245K | $493K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05632 | −0.211% | $125K | $297K | 50x | as long as short |
| Hyperliquid POPCATlong | +0.0760% | 1h | 0.05644 | long leg | $2.6M | $1.0M | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDC
Variational Omni POPCAT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT