Funding you earn now, next payment 00:00 UTC−0.0234%/8h= −25.6% APRnext payment −$1.17 per $10,000 · paid last 24h −0.017%
Price spread now: Gate against Bybit+0.040%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Gate is 0.040% dearer against Bybit than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.17 per $10,000. 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 | Bybit HYPERUSDT | 0.07437 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $1.2M | $709K | 25x |
| Short | Gate HYPER_USDT | 0.07440 | −0.0134 | pay 0.0067% / 4h | 2h 55m | $91K | $46K | 50x |
Bybit HYPERUSDT
Gate HYPER_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- −$49.14
- Price spread: +0.040% → 0.000%
- $4.03
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$71.11
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 5 min ago; Gate: 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 Bybit live order book, 5 min ago | 5.38 bp | 25.1 bp −$25 | 378.6 bp −$3,786 | doesn't fit | doesn't fit |
| Sell Gate no order-book sample | — | — | — | — | — |
Gate: 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.
HYPER on 10 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 HYPER_USDTshort | −0.0134% | 4h | 0.07440 | +0.040% | $91K | $46K | 50x | |
| KuCoin HYPERUSDTM | +0.0068% | 4h | 0.07408 | −0.390% | $131K | $93K | 30x | as long as short |
| Hyperliquid HYPER | +0.0100% | 1h | 0.07435 | −0.023% | $72K | $122K | 3x | as long as short |
| Aster HYPERUSDT | +0.0100% | 4h | 0.07426 | −0.151% | $20K | $4K | 5x | as long as short |
| Binance HYPERUSDT | +0.0100% | 4h | 0.07433 | −0.060% | $2.0M | $2.1M | 50x | as long as short |
| Bybit HYPERUSDTlong | +0.0100% | 4h | 0.07437 | long leg | $1.2M | $709K | 25x | |
| MEXC HYPER_USDT | +0.0100% | 4h | 0.07424 | −0.175% | $254K | $128K | 20x | as long as short |
| Bitget HYPERUSDT | +0.0100% | 4h | 0.07425 | −0.161% | $310K | $262K | 50x | as long as short |
| Variational Omni HYPER | +0.0100% | 4h | 0.07429 | −0.108% | $7K | $1K | — | as long as short |
| BloFin HYPER-USDT | +0.0134% | 4h | 0.07423 | −0.188% | $190K | $22K | 50x | as long as short |
KuCoin HYPERUSDTM
Hyperliquid HYPER
Aster HYPERUSDT
Binance HYPERUSDT
MEXC HYPER_USDT
Bitget HYPERUSDT
Variational Omni HYPER
BloFin HYPER-USDT