Funding you earn now, next payment 01:00 UTC+0.1397%/8h= +152.9% APRpaid last 24h +0.258%
Price spread now: Hyperliquid against Gate+0.283%7-day average +0.221% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.348%+$35 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.283%, 7d avg +0.221%
=Together, before fees+0.337%+ Points / potential airdropHyperliquid: Season 2 · farm board+$34 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Hyperliquid is 0.062% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.221%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.348% in total (about 18.1% 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 | Gate POPCAT_USDT | 0.05685 | 0.0100 | pay 0.0050% / 4h | 3h 11m | $458K | $649K | 50x |
| Short | Hyperliquid POPCAT | 0.05701 | 0.1497 | get 0.0187% / 1h | 11m 49s | $2.6M | $984K | 3x |
Gate POPCAT_USDT
Hyperliquid POPCATFunding 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
- $293.3
- Price spread: +0.283% → +0.221%
- $6.2
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $275.5
- Costs to cover
- 0.240%
- Break-even
- 0.4 days
Slippage unknown: Gate: live order book, 60 min ago; Hyperliquid: live order book, 9 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 Gate live order book, 60 min ago | 12.47 bp | 87.2 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 1.59 bp | 23.5 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.4945% | 1h | 0.05301 | −6.755% | $3K | $2K | 5.5x | as long as short |
| Kraken Futures PF_POPCATUSD | −0.0391% | 1h | 0.05687 | +0.030% | $151K | $144K | 20x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05684 | −0.024% | $1 | — | 10x | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05686 | +0.018% | $102K | $46K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05687 | +0.035% | $2.3M | $6.7M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05670 | −0.264% | $9.0M | $6.2M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05679 | −0.106% | $706K | $1.5M | 20x | as long as short |
| Gate POPCAT_USDTlong | +0.0100% | 4h | 0.05685 | long leg | $458K | $649K | 50x | |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05686 | +0.018% | $1.9M | $952K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05684 | −0.018% | $1.1M | $988K | 50x | as long as short |
Injective POPCAT/USDC PERP
Kraken Futures PF_POPCATUSD
Reya POPCATRUSDPERP
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05678 | −0.123% | $1.2M | $932K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05679 | −0.106% | — | $1.6M | — | as long as short |
| Variational Omni POPCAT | +0.0100% | 4h | 0.05659 | −0.455% | $513K | $163K | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05680 | −0.088% | $23K | $650K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05682 | −0.044% | $97K | $523K | 10x | as long as short |
| GRVT POPCAT_USDT_Perp | +0.0158% | 4h | 0.05690 | +0.084% | $247K | $481K | 10x | as long as short |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05684 | −0.018% | $125K | $298K | 50x | as long as short |
| Hyperliquid POPCATshort | +0.1497% | 1h | 0.05701 | +0.283% | $2.6M | $984K | 3x |
Bitget POPCATUSDT
BingX POPCAT-USDC
Variational Omni POPCAT
ApeX Omni POPCATUSDT
Extended POPCAT-USD
GRVT POPCAT_USDT_Perp
BloFin POPCAT-USDT