Funding you earn now, next payment 22:00 UTC−0.0142%/8h= −15.5% APRpaid last 24h −0.014%
Price spread now: Gate against Hyperliquid+0.044%7-day average −0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$960.959% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 7 days−0.225%−$22 · spread now +0.044%, 7d avg −0.091%
=Together, before fees−0.261%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.135% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.091%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.036% in total) that is about 26 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid PYTH | 0.06329 | 0.0100 | pay 0.0013% / 1h | 13m 26s | $1.7M | $1.5M | 5x |
| Short | Gate PYTH_USDT | 0.06332 | −0.0042 | pay 0.0021% / 4h | 2h 13m | $1.1M | $466K | 75x |
Hyperliquid PYTH
Gate PYTH_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Hyperliquid. 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
- −$29.82
- Price spread: +0.044% → −0.091%
- $13.48
- Slippage, 4 orders
- −$71.92
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$112.26
- Costs to cover
- 0.959%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Gate: 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 Hyperliquid live order book, 7 min ago | 0.31 bp | 16.2 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 4.74 bp | 37.8 bp −$38 | 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 | −0.0586% | 1h | 0.06350 | +0.329% | $561 | $180K | 5.5x | as long as short |
| Deribit PYTH_USDC-PERPETUAL | −0.0538% | 1h | 0.06337 | +0.123% | $10K | $10K | 10x | as long as short |
| Kraken Futures PF_PYTHUSD | −0.0216% | 1h | 0.06339 | +0.158% | $384K | $240K | 25x | as long as short |
| Gate PYTH_USDTshort | −0.0042% | 4h | 0.06332 | +0.044% | $1.1M | $466K | 75x | |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06344 | +0.229% | $188K | $19 | 5x | as long as short |
| Binance PYTHUSDT | +0.0021% | 4h | 0.06323 | −0.100% | $9.1M | $16.0M | 75x | as long as short |
| MEXC PYTH_USDT | +0.0022% | 4h | 0.06328 | −0.019% | $9.3M | $2.4M | 125x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0048% | 1h | 0.06431 | +1.608% | $40K | $6K | 25x | as long as short |
| BloFin PYTH-USDT | +0.0054% | 4h | 0.06329 | −0.003% | $422K | $117K | 75x | as long as short |
| Bybit PYTHUSDT | +0.0064% | 4h | 0.06325 | −0.066% | $7.4M | $4.9M | 50x | as long as short |
Injective PYTH/USDC PERP
Deribit PYTH_USDC-PERPETUAL
Kraken Futures PF_PYTHUSD
dYdX PYTH-USD
Binance PYTHUSDT
MEXC PYTH_USDT
Coinbase International PYTH-PERP-INTX
BloFin PYTH-USDT
Bybit PYTHUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0088% | 1h | 0.06331 | +0.022% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06335 | +0.092% | $196K | $206K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0099% | 8h | 0.06323 | −0.097% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTHlong | +0.0100% | 1h | 0.06329 | long leg | $1.7M | $1.5M | 5x | |
| Aster PYTHUSDT | +0.0100% | 4h | 0.06337 | +0.123% | $20K | $24K | 10x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06324 | −0.082% | $2.1M | $3.3M | 50x | as long as short |
| KuCoin PYTHUSDTM | +0.0100% | 4h | 0.06338 | +0.139% | $1.5M | $304K | 50x | as long as short |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06328 | −0.019% | $2.6M | $1.9M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06328 | −0.019% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06338 | +0.135% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06332 | +0.049% | $3K | $1K | 10x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0193% | 1h | 0.06338 | +0.144% | $38K | $87K | 10x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06322 | −0.106% | — | — | 20x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Aster PYTHUSDT
OKX PYTH-USDT-SWAP
KuCoin PYTHUSDTM
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Backpack PYTH_USDC_PERP
Reya PYTHRUSDPERP