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

REZ

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.065%
Price spread now: Hyperliquid against Gate−0.052%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$195as in the Price arb table
costs, in and out, $10k−$1841.843% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.067%+$7 on $10k
Price spread, last 4 days (all we have)+0.355%+$35 · spread now −0.052%, 7d avg +0.051%
Together, before fees+0.422%+ Points / potential airdropHyperliquid: Season 2 · farm board+$42 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: Hyperliquid is 0.103% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate REZ_USDT0.0038200.0100pay 0.0050% / 4h2h 43m$396K$127K10x
ShortHyperliquid REZ0.0038180.0100get 0.0013% / 1h43m 58s$1.6M$503K3x

Funding 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 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: −0.052% → +0.051%
−$10.34
Slippage, 4 orders
−$160.26
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$194.6
Costs to cover
1.843%
Break-even
never at this rate
Slippage from Gate: live order book, 41 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 41 min ago12.88 bp67.4 bp −$67doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago2.62 bp20.5 bp −$20doesn't fitdoesn't fitdoesn't fit

REZ on 12 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
Hyperliquid REZshort+0.0100%1h0.003818−0.052%$1.6M$503K3x
Aster REZUSDT+0.0100%4h0.003813−0.184%$18K$37K5xas long as short
Binance REZUSDT+0.0100%4h0.003814−0.168%$4.9M$8.9M50xas long as short
Gate REZ_USDTlong+0.0100%4h0.003820long leg$396K$127K10x
MEXC REZ_USDT+0.0100%4h0.003814−0.157%$1.3M$443K50xas long as short
KuCoin REZUSDTM+0.0100%4h0.003813−0.183%$451K$95K30xas long as short
Bitget REZUSDT+0.0100%4h0.003815−0.131%$601K$1.2M50xas long as short
Variational Omni REZ+0.0100%4h0.003818−0.052%$77K$47Kas long as short
Bybit REZUSDT+0.0101%4h0.003818−0.052%$1.5M$1.0M25xas long as short
BingX REZ-USDT+0.0102%4h0.003815−0.131%$6.6Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_REZUSD+0.0137%1h0.003811−0.228%$43K$10K10xas long as short
BloFin REZ-USDT+0.0146%4h0.003810−0.262%$329K$50K50xas long as short