Funding you earn now, next payment 22:00 UTC−0.0055%/8h= −6.1% APRpaid last 24h −0.058%
Price spread now: Gate against Hyperliquid−0.133%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$310.309% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 7 days+0.131%+$13 · spread now −0.133%, 7d avg −0.034%
=Together, before fees+0.063%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.099% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid BNB | 803.87 | 0.0155 | pay 0.0019% / 1h | 43m 21s | $51.6M | $21.3M | 10x |
| Short | Gate BNB_USDT | 802.80 | 0.0100 | get 0.0100% / 8h | 2h 43m | $36.0M | $58.3M | 75x |
Hyperliquid BNB
Gate BNB_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
- −$11.65
- Price spread: −0.133% → −0.034%
- −$9.88
- Slippage, 4 orders
- −$6.94
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$52.46
- Costs to cover
- 0.309%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; Gate: live order book, 6 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, 10 min ago | 0.25 bp | 5.9 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 0.31 bp | 9.8 bp −$10 | 13.1 bp −$131 | 29.0 bp −$2,898 | 56.0 bp −$28.0K |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0195% / S +0.0371% | 1h | 802.91 | −0.119% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 803.54 | −0.041% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 803.09 | −0.097% | $3.0M | $30.0M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 803.20 | −0.083% | $122K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.56 | −0.039% | $868K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 803.06 | −0.101% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0038% | 1h | 802.76 | −0.138% | $2.5M | $910K | 50x | as long as short |
| Variational Omni BNB | +0.0059% | 8h | 802.25 | −0.201% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0068% | 8h | 803.10 | −0.096% | — | $13.3M | — | as long as short |
| Aster BNBUSDT | +0.0086% | 8h | 803.78 | −0.011% | $6.4M | $18.8M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Kraken Futures PF_BNBUSD
Variational Omni BNB
BingX BNB-USDC
Aster BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BNBUSDT | +0.0086% | 8h | 802.60 | −0.158% | $138.8M | $82.6M | 75x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 803.99 | +0.015% | $608K | $888K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 803.19 | −0.084% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 802.92 | −0.118% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 803.25 | −0.078% | $1.2M | $923K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 803.00 | −0.108% | $55.1M | $115.5M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 803.40 | −0.058% | $52K | $161K | 10x | as long as short |
| Gate BNB_USDTshort | +0.0100% | 8h | 802.80 | −0.133% | $36.0M | $58.3M | 75x | |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.85 | −0.127% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 802.77 | −0.137% | $79.0M | $24.5M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 803.30 | −0.071% | $4.2M | $77.0M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.22 | −0.081% | $158K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 803.11 | −0.095% | $118K | $868K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 803.16 | −0.088% | $388K | $593K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 803.31 | −0.070% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 803.58 | −0.036% | $13K | $1.7M | 50x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 803.63 | −0.030% | $1.6M | $165K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 803.00 | −0.108% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 803.87 | 0.000% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDT | +0.0102% | 8h | 804.10 | +0.029% | $84.5M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0103% | 8h | 803.68 | −0.024% | $518.3M | $803.7M | 75x | as long as short |
| SoDEX BNB-USD | +0.0104% | 1h | 802.90 | −0.121% | $395K | $1.0M | 10x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 802.83 | −0.130% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 803.38 | −0.060% | $386K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0119% | 8h | 803.41 | −0.057% | $70.1M | $51.6M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 802.98 | −0.111% | $173K | $35K | 10x | as long as short |
| Hyperliquid BNBlong | +0.0155% | 1h | 803.87 | long leg | $51.6M | $21.3M | 10x | |
| Bulk BNB-USD | +0.0161% | 1h | 803.45 | −0.052% | $649K | $11K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 803.48 | −0.049% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0222% | 8h | 803.39 | −0.060% | $18.8M | $3.0M | 75x | as long as short |
| dYdX BNB-USD | +0.0232% | 1h | 803.00 | −0.108% | $170K | $55K | 10x | as long as short |
| Hibachi BNB/USDT-P | +0.0240% | 1h | 802.80 | −0.133% | $71K | $48K | 12x | as long as short |
| 01 Exchange BNBUSD | +0.0312% | 1h | 804.04 | +0.021% | $28K | $1K | 10x | as long as short |
| Reya BNBRUSDPERP | +0.0335% | 1h | 802.85 | −0.127% | $6K | $3K | 40x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.131% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0699% | 1h | 803.89 | +0.002% | $3.0M | $5.3M | 40x | as long as short |
Bybit BNBUSDT
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
MEXC BNB_USDT
Binance BNBUSDT
SoDEX BNB-USD
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Phoenix BNB
Bulk BNB-USD
RISEx BNB/USDC
BloFin BNB-USDT
dYdX BNB-USD
Hibachi BNB/USDT-P
01 Exchange BNBUSD
Reya BNBRUSDPERP
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP