Funding you earn now, next payment 00:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h −0.031%
Price spread now: gTrade (Gains Network) against Hyperliquid−0.036%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.036% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ALGO | 0.1124 | 0.0100 | pay 0.0013% / 1h | 25m 48s | $3.8M | $1.9M | 5x |
| Short | gTrade (Gains Network) ALGO/USD | 0.1124 | L +0.0001% / S +0.0003% | pay 0.0000% / 1h | 25m 48s | $6K | — | 150x |
Hyperliquid ALGO
gTrade (Gains Network) ALGO/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$21.61
- Price spread: −0.036% → 0.000%
- −$3.56
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$44.17
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; gTrade (Gains Network): no order-book sample. 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, 6 min ago | 1.33 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ALGO on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ALGO_USDC-PERPETUAL | −0.0729% | 1h | 0.1123 | −0.160% | $102K | $50K | 25x | as long as short |
| Kraken Futures PF_ALGOUSD | −0.0158% | 1h | 0.1123 | −0.151% | $835K | $1.1M | 50x | as long as short |
| Bybit ALGOUSDT | −0.0130% | 8h | 0.1122 | −0.240% | $11.2M | $12.0M | 75x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0112% | 1h | 0.1130 | +0.507% | $62K | $303K | 50x | as long as short |
| Variational Omni ALGO | −0.0109% | 8h | 0.1123 | −0.158% | $62K | $13K | — | as long as short |
| gTrade (Gains Network) ALGO/USDshort | L +0.0001% / S +0.0003% | 1h | 0.1124 | −0.036% | $6K | — | 150x | |
| Injective ALGO/USDC PERP | +0.0026% | 1h | 0.1120 | −0.382% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGOlong | +0.0100% | 1h | 0.1124 | long leg | $3.8M | $1.9M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.209% | $44K | $35K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1122 | −0.228% | $10.0M | $34.3M | 75x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Kraken Futures PF_ALGOUSD
Bybit ALGOUSDT
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
Injective ALGO/USDC PERP
Aster ALGOUSDT
Binance ALGOUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1122 | −0.222% | $3.0M | $7.6M | 50x | as long as short |
| Gate ALGO_USDT | +0.0100% | 8h | 0.1124 | −0.027% | $887K | $835K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1122 | −0.187% | $23.0M | $2.9M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1123 | −0.125% | $3.6M | $1.4M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1124 | −0.027% | $5.7M | $3.5M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1122 | −0.178% | — | $3.3M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1123 | −0.125% | $66K | $107K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1126 | +0.151% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1122 | −0.214% | $7K | $210K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1125 | +0.062% | $495K | $791K | 75x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC] | L +0.0323% / S −0.0315% | 1h | 0.1123 | −0.083% | $7K | — | 100x | as long as short |
| dYdX ALGO-USD | +0.1351% | 1h | 0.1124 | −0.043% | $161K | $3K | 5x | as long as short |
OKX ALGO-USDT-SWAP
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
GMX ALGO/USD [WBTC.b-USDC]
dYdX ALGO-USD