Funding you earn now, next payment 22:00 UTC−0.1085%/8h= −118.8% APRpaid last 24h −0.153%
Price spread now: Gate against Hyperliquid−0.386%7-day average −0.265% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$710.713% of the position
Funding, last 7 days−0.294%−$29 on $10k
+Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.386%, 7d avg −0.265%
=Together, before fees−0.183%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Gate is 0.121% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.265%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.294% in total (about -15.3% 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 CFX | 0.05364 | 0.1054 | pay 0.0132% / 1h | 55m 25s | $3.3M | $360K | 5x |
| Short | Gate CFX_USDT | 0.05343 | −0.0031 | pay 0.0031% / 8h | 2h 55m | $1.1M | $3.0M | 50x |
Hyperliquid CFX
Gate CFX_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
- −$227.75
- Price spread: −0.386% → −0.265%
- −$12.12
- Slippage, 4 orders
- −$47.31
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$311.19
- Costs to cover
- 0.713%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Gate: live order book, 2 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, 6 min ago | 0.56 bp | 27.7 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 2.81 bp | 13.3 bp −$13 | 24.9 bp −$249 | doesn't fit | doesn't fit |
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CFX_USDTshort | −0.0031% | 8h | 0.05343 | −0.386% | $1.1M | $3.0M | 50x | |
| Aster CFXUSDT | +0.0100% | 8h | 0.05344 | −0.367% | $5K | $47K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05344 | −0.361% | $5.4M | $11.2M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05343 | −0.386% | $2.4M | $1.8M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05345 | −0.349% | $2.5M | $6.3M | 20x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05343 | −0.386% | $3.4M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05338 | −0.479% | $856K | $293K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05340 | −0.442% | $1.6M | $1.6M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05343 | −0.386% | — | $18.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05338 | −0.470% | $37K | $41K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05344 | −0.368% | $505K | $2.0M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05338 | −0.472% | $133 | $253K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0384% | 1h | 0.05359 | −0.088% | $35K | $197K | 50x | as long as short |
| Hyperliquid CFXlong | +0.1054% | 1h | 0.05364 | long leg | $3.3M | $360K | 5x | |
| Kraken Futures PF_CFXUSD | +0.1697% | 1h | 0.05350 | −0.254% | $33K | $23K | 20x | as long as short |
| Deribit CFX_USDC-PERPETUAL | +0.2186% | 1h | 0.05350 | −0.255% | $141 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Kraken Futures PF_CFXUSD
Deribit CFX_USDC-PERPETUAL