Funding you earn now, next payment 05:00 UTC+0.0468%/8h= +51.3% APRnext payment +$0.59 per $10,000 · paid last 24h +0.111%
Price spread now: Hyperliquid against gTrade (Gains Network)+0.025%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$14 a day on $10k at the current rate, and Hyperliquid is 0.025% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) FET/USD | 0.2015 | L +0.0006% / S −0.0011% | pay 0.0001% / 1h | 54m 09s | $33K | — | 150x |
| Short | Hyperliquid FET | 0.2016 | 0.0474 | get 0.0059% / 1h | 54m 09s | $8.7M | $8.4M | 5x |
gTrade (Gains Network) FET/USD
Hyperliquid FETFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against gTrade (Gains Network). 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
- $98.3
- Price spread: +0.025% → 0.000%
- $2.53
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $81.83
- Costs to cover
- 0.190%
- Break-even
- 1.2 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 8 min ago. 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 8 min ago | 0.50 bp | 9.3 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
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.
FET on 20 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 FET_USDC-PERPETUAL | −0.3703% | 1h | 0.2016 | +0.050% | $38K | $307K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.1192% | 1h | 0.2019 | +0.199% | $145K | $249K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0363% | 1h | 0.2017 | +0.119% | $996K | $2.2M | 50x | as long as short |
| gTrade (Gains Network) FET/USDlong | L +0.0006% / S −0.0011% | 1h | 0.2015 | long leg | $33K | — | 150x | |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.248% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2015 | −0.005% | $194K | $812K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2014 | −0.049% | $30.9M | $113.4M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2014 | −0.049% | $2.7M | $12.4M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2014 | −0.049% | $31.3M | $24.5M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2015 | 0.000% | $10.6M | $18.7M | 50x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni FET | +0.0100% | 8h | 0.2016 | +0.057% | $277K | $478K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2014 | −0.049% | $38K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2015 | +0.022% | $33K | $253K | 10x | as long as short |
| GMX FET/USD [ETH-USDC] | L +0.0201% / S −0.0278% | 1h | 0.2014 | −0.062% | $13K | — | 100x | as long as short |
| BloFin FET-USDT | +0.0220% | 8h | 0.2016 | +0.050% | $1.7M | $3.1M | 100x | as long as short |
| BingX FET-USDT | +0.0249% | 8h | 0.2016 | +0.050% | — | $5.9M | — | as long as short |
| OKX FET-USDT-SWAP | +0.0252% | 4h | 0.2016 | +0.050% | $1.0M | $8.2M | 20x | as long as short |
| Bitget FETUSDT | +0.0255% | 8h | 0.2016 | +0.050% | $16.3M | $11.8M | 75x | as long as short |
| Hyperliquid FETshort | +0.0474% | 1h | 0.2016 | +0.025% | $8.7M | $8.4M | 5x | |
| Phoenix FET | +0.0505% | 1h | 0.2020 | +0.264% | $35K | $38K | 5x | as long as short |
Variational Omni FET
Orderly PERP_FET_USDC
Extended FET-USD
GMX FET/USD [ETH-USDC]
BloFin FET-USDT
BingX FET-USDT
OKX FET-USDT-SWAP
Bitget FETUSDT
Phoenix FET