Funding you earn now, next payment 23:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.014%
Price spread now: Hyperliquid against Gate+0.132%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$960.962% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 7 days+0.046%+$5 · spread now +0.132%, 7d avg +0.089%
=Together, before fees+0.082%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.043% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.089%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PYTH_USDT | 0.06285 | −0.0024 | get 0.0012% / 4h | 1h 21m | $1.1M | $480K | 75x |
| Short | Hyperliquid PYTH | 0.06293 | 0.0100 | get 0.0013% / 1h | 21m 08s | $1.7M | $1.5M | 5x |
Gate PYTH_USDT
Hyperliquid PYTHFunding 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
- $26.04
- Price spread: +0.132% → +0.089%
- $4.29
- Slippage, 4 orders
- −$72.16
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$65.83
- Costs to cover
- 0.962%
- Break-even
- 24.7 days
Slippage from Gate: live order book, 1 min ago; Hyperliquid: live order book, 10 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, 1 min ago | 3.98 bp | 35.0 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 1.12 bp | 16.3 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
PYTH on 23 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 PYTH/USDC PERP | −0.0428% | 1h | 0.06260 | −0.398% | $553 | $220K | 5.5x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0208% | 1h | 0.06296 | +0.173% | $382K | $252K | 25x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0067% | 1h | 0.06299 | +0.223% | $10K | $10K | 10x | as long as short |
| BloFin PYTH-USDT | −0.0067% | 4h | 0.06289 | +0.064% | $422K | $114K | 75x | as long as short |
| Binance PYTHUSDT | −0.0047% | 4h | 0.06288 | +0.052% | $9.1M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0046% | 4h | 0.06288 | +0.048% | $9.2M | $2.3M | 125x | as long as short |
| Gate PYTH_USDTlong | −0.0024% | 4h | 0.06285 | long leg | $1.1M | $480K | 75x | |
| Bybit PYTHUSDT | −0.0023% | 4h | 0.06295 | +0.159% | $7.4M | $5.1M | 50x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06299 | +0.227% | $187K | $19 | 5x | as long as short |
| Aevo PYTH-PERP | +0.0072% | 1h | 0.06290 | +0.080% | $22K | — | 3x | as long as short |
Injective PYTH/USDC PERP
Kraken Futures PF_PYTHUSD
Deribit PYTH_USDC-PERPETUAL
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
Bybit PYTHUSDT
dYdX PYTH-USD
Aevo PYTH-PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International PYTH-PERP-INTX | +0.0080% | 1h | 0.06431 | +2.323% | $40K | $6K | 25x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06299 | +0.223% | $196K | $210K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06290 | +0.073% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTHshort | +0.0100% | 1h | 0.06293 | +0.132% | $1.7M | $1.5M | 5x | |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06290 | +0.075% | $25K | $40K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06290 | +0.080% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06299 | +0.223% | $1.5M | $314K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06290 | +0.080% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06291 | +0.095% | — | $2.8M | — | as long as short |
| Backpack PYTH_USDC_PERP | +0.0100% | 1h | 0.06295 | +0.159% | $38K | $88K | 10x | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06277 | −0.132% | $44K | $22K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06291 | +0.102% | $3K | $1K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06290 | +0.083% | — | — | 20x | as long as short |
Coinbase International PYTH-PERP-INTX
Lighter PYTH
Paradex PYTH-USD-PERP
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Backpack PYTH_USDC_PERP
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Reya PYTHRUSDPERP