Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%
Price spread now: Hyperliquid against Gate+0.144%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$750.750% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 7 days−0.104%−$10 · spread now +0.144%, 7d avg +0.019%
=Together, before fees−0.056%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.125% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate OP_USDT | 0.1253 | 0.0100 | pay 0.0100% / 8h | 2h 37m | $1.8M | $1.5M | 50x |
| Short | Hyperliquid OP | 0.1255 | 0.0100 | get 0.0013% / 1h | 37m 44s | $3.9M | $2.9M | 5x |
Gate OP_USDT
Hyperliquid OPFunding 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
- $0
- Price spread: +0.144% → +0.019%
- $12.47
- Slippage, 4 orders
- −$50.95
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$62.49
- Costs to cover
- 0.750%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Hyperliquid: live order book, 4 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, 5 min ago | 2.80 bp | 32.5 bp −$33 | 62.5 bp −$625 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.20 bp | 11.1 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1658% | 1h | 0.1246 | −0.575% | $34K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1066% / S +0.0229% | 1h | 0.1252 | −0.123% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0328% | 1h | 0.1243 | −0.814% | $21K | $64K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1253 | −0.020% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1252 | −0.096% | $41K | $172K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1252 | −0.082% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0012% | 8h | 0.1252 | −0.127% | $228K | $45K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0030% | 8h | 0.1252 | −0.096% | $6K | $51K | 10x | as long as short |
| OKX OP-USDT-SWAP | +0.0092% | 8h | 0.1254 | +0.040% | $5.8M | $29.5M | 50x | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1254 | +0.096% | $268K | $902K | 15x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
OKX OP-USDT-SWAP
Lighter OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid OPshort | +0.0100% | 1h | 0.1255 | +0.144% | $3.9M | $2.9M | 5x | |
| Aster OPUSDT | +0.0100% | 8h | 0.1253 | +0.009% | $211K | $243K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1254 | +0.050% | $20.3M | $62.6M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1253 | 0.000% | $18.5M | $25.3M | 75x | as long as short |
| Gate OP_USDTlong | +0.0100% | 8h | 0.1253 | long leg | $1.8M | $1.5M | 50x | |
| MEXC OP_USDT | +0.0100% | 8h | 0.1255 | +0.104% | $20.1M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1253 | −0.016% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1255 | +0.144% | $6.0M | $6.2M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1254 | +0.056% | — | $6.9M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1252 | −0.080% | $128K | $188K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1252 | −0.078% | $9K | $377K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1252 | −0.097% | $310K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1252 | −0.096% | $45K | $719K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1251 | −0.152% | $171 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1252 | −0.128% | $173K | $234K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1254 | +0.064% | $100K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1252 | −0.106% | $4K | — | 3x | as long as short |
| Kraken Futures PF_OPUSD | +0.0137% | 1h | 0.1253 | −0.055% | $774K | $733K | 20x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1251 | −0.184% | $993K | $279K | 75x | as long as short |
| Reya OPRUSDPERP | +0.0436% | 1h | 0.1251 | −0.169% | $696 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Kraken Futures PF_OPUSD
BloFin OP-USDT
Reya OPRUSDPERP