Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against Hyperliquid−0.139%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$690.690% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.139%, 7d avg −0.082%
=Together, before fees+0.124%+ Points / potential airdropHyperliquid: Season 2 · farm board+$12 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: Bitget is 0.058% cheaper against Hyperliquid than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.082%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALGO | 0.1105 | 0.0100 | pay 0.0013% / 1h | 57m 35s | $3.4M | $2.3M | 5x |
| Short | Bitget ALGOUSDT | 0.1103 | 0.0100 | get 0.0100% / 8h | 5h 57m | $5.4M | $3.5M | 75x |
Hyperliquid ALGO
Bitget ALGOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $0
- Price spread: −0.139% → −0.082%
- −$5.76
- Slippage, 4 orders
- −$48.01
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$74.77
- Costs to cover
- 0.690%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Bitget: live order book, 4 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, 7 min ago | 0.91 bp | 15.0 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 4.53 bp | 26.1 bp −$26 | 60.6 bp −$606 | doesn't fit | doesn't fit |
ALGO on 22 exchanges
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 ALGO_USDC-PERPETUAL | −0.0384% | 1h | 0.1104 | −0.067% | $87K | $42K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0311% | 1h | 0.1104 | −0.040% | $811K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0264% | 8h | 0.1102 | −0.239% | $10.6M | $13.3M | 75x | as long as short |
| gTrade (Gains Network) ALGO/USD | L −0.0001% / S +0.0003% | 1h | 0.1105 | +0.009% | $16K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +1.400% | $834 | $233K | 12x | as long as short |
| Variational Omni ALGO | +0.0046% | 8h | 0.1101 | −0.285% | $59K | $13K | — | as long as short |
| OKX ALGO-USDT-SWAP | +0.0071% | 8h | 0.1103 | −0.176% | $2.6M | $7.8M | 50x | as long as short |
| Coinbase International ALGO-PERP-INTX | +0.0088% | 1h | 0.1105 | +0.078% | $63K | $176K | 50x | as long as short |
| Hyperliquid ALGOlong | +0.0100% | 1h | 0.1105 | long leg | $3.4M | $2.3M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1104 | −0.049% | $44K | $37K | 5x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Variational Omni ALGO
OKX ALGO-USDT-SWAP
Coinbase International ALGO-PERP-INTX
Aster ALGOUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ALGOUSDT | +0.0100% | 8h | 0.1103 | −0.148% | $9.3M | $33.8M | 75x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1103 | −0.139% | $831K | $879K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1103 | −0.139% | $23.6M | $3.2M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1104 | −0.076% | $3.4M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDTshort | +0.0100% | 8h | 0.1103 | −0.139% | $5.4M | $3.5M | 75x | |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1103 | −0.167% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1103 | −0.103% | $57K | $129K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1105 | +0.042% | $3.7M | $1.7M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1102 | −0.205% | $4K | $179K | 10x | as long as short |
| dYdX ALGO-USD | +0.0148% | 1h | 0.1105 | +0.001% | $160K | $5K | 5x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1104 | −0.040% | $472K | $810K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0321% / S −0.0273% | 1h | 0.1104 | −0.052% | $6K | — | 100x | as long as short |
Binance ALGOUSDT
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
dYdX ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]