Funding you earn now, next payment 11:00 UTC+0.0996%/8h= +109.1% APRpaid last 24h +0.110%
Price spread now: Hyperliquid against Gate−0.015%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1061.060% of the position
Funding, last 7 days+0.271%+$27 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.015%, 7d avg +0.020%
=Together, before fees+0.278%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.035% cheaper against Gate than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.020%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.271% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.271% in total (about 14.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HEMI_USDT | 0.006484 | 0.0100 | pay 0.0050% / 4h | 1h 57m | $527K | $305K | 20x |
| Short | Hyperliquid HEMI | 0.006483 | 0.1096 | get 0.0137% / 1h | 57m 44s | $1.0M | $395K | 3x |
Gate HEMI_USDT
Hyperliquid HEMIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $209.15
- Price spread: −0.015% → +0.020%
- −$3.51
- Slippage, 4 orders
- −$81.98
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $99.66
- Costs to cover
- 1.060%
- Break-even
- 3.7 days
Slippage from Gate: live order book, 51 min ago; Hyperliquid: 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 Gate live order book, 51 min ago | 8.44 bp | 33.3 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.77 bp | 19.0 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
HEMI on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin HEMI-USDT | +0.0087% | 4h | 0.006469 | −0.231% | $364K | $54K | 20x | as long as short |
| Aster HEMIUSDT | +0.0100% | 4h | 0.006479 | −0.071% | $71K | $45K | 5x | as long as short |
| Bybit HEMIUSDT | +0.0100% | 4h | 0.006474 | −0.154% | $1.7M | $1.5M | 25x | as long as short |
| Gate HEMI_USDTlong | +0.0100% | 4h | 0.006484 | long leg | $527K | $305K | 20x | |
| Variational Omni HEMI | +0.0100% | 4h | 0.006470 | −0.216% | $23K | $3K | — | as long as short |
| SunX HEMI-USDT | +0.0100% | 4h | 0.006628 | +2.221% | $1K | $1.3M | 20x | as long as short |
| Binance HEMIUSDT | +0.0127% | 4h | 0.006473 | −0.172% | $6.5M | $10.9M | 20x | as long as short |
| Extended HEMI-USD | +0.0128% | 1h | 0.006469 | −0.235% | $17K | — | 5x | as long as short |
| MEXC HEMI_USDT | +0.0128% | 4h | 0.006472 | −0.185% | $1.6M | $269K | 50x | as long as short |
| BingX HEMI-USDT | +0.0128% | 4h | 0.006476 | −0.123% | — | $1.3M | — | as long as short |
BloFin HEMI-USDT
Aster HEMIUSDT
Bybit HEMIUSDT
Variational Omni HEMI
SunX HEMI-USDT
Binance HEMIUSDT
Extended HEMI-USD
MEXC HEMI_USDT
BingX HEMI-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin HEMIUSDTM | +0.0322% | 4h | 0.006498 | +0.216% | $856K | $1.7M | 20x | as long as short |
| Hyperliquid HEMIshort | +0.1096% | 1h | 0.006483 | −0.015% | $1.0M | $395K | 3x |
KuCoin HEMIUSDTM