Funding you earn now, next payment 00:00 UTC+0.1684%/8h= +184.4% APRpaid last 24h +0.174%
Price spread now: Hyperliquid against Gate+0.356%7-day average +0.221% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1201.203% of the position
Funding, last 7 days+0.437%+$44 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.356%, 7d avg +0.221%
=Together, before fees+0.409%+ Points / potential airdropHyperliquid: Season 2 · farm board+$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$51 a day on $10k at the current rate, and Hyperliquid is 0.135% dearer against Gate than usual: you sell high and buy low: +$13 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 0.437% in total (about 22.8% 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 RENDER_USDT | 1.8553 | 0.0100 | pay 0.0050% / 4h | 37m 29s | $536K | $1.1M | 50x |
| Short | Hyperliquid RENDER | 1.8619 | 0.1784 | get 0.0223% / 1h | 37m 29s | $4.3M | $3.4M | 5x |
Gate RENDER_USDT
Hyperliquid RENDERFunding 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
- $353.62
- Price spread: +0.356% → +0.221%
- $13.47
- Slippage, 4 orders
- −$96.32
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $246.78
- Costs to cover
- 1.203%
- Break-even
- 2.1 days
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 | 2.97 bp | 50.6 bp −$51 | 215.7 bp −$2,157 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.61 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
RENDER on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RENDER | −0.0088% | 4h | 1.8553 | −0.002% | $224K | $296K | — | as long as short |
| dYdX RENDER-USD | 0.0000% | 1h | 1.8568 | +0.080% | $19K | $21K | 5x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8562 | +0.049% | $11K | $30K | 25x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8589 | +0.197% | $268K | $166K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8571 | +0.098% | $12.4M | $47.0M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8545 | −0.043% | $12.0M | $13.5M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8570 | +0.092% | $3.2M | $8.3M | 20x | as long as short |
| Gate RENDER_USDTlong | +0.0100% | 4h | 1.8553 | long leg | $536K | $1.1M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8560 | +0.038% | $12.3M | $10.5M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8550 | −0.016% | $5.1M | $12.4M | 50x | as long as short |
Variational Omni RENDER
dYdX RENDER-USD
Deribit RENDER_USDC-PERPETUAL
Aster RENDERUSDT
Binance RENDERUSDT
Bybit RENDERUSDT
OKX RENDER-USDT-SWAP
MEXC RENDER_USDT
KuCoin RENDERUSDTMShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RENDERUSDT | +0.0100% | 4h | 1.8576 | +0.124% | $10.0M | $10.3M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8560 | +0.038% | — | $4.2M | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8549 | −0.022% | $43K | $266K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8560 | +0.038% | $1.9M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8566 | +0.068% | $31K | $178K | 10x | as long as short |
| Injective RENDER/USDC PERP | +0.0110% | 1h | 1.8540 | −0.070% | $6K | $187K | 12x | as long as short |
| Phoenix RENDER | +0.0173% | 1h | 1.8597 | +0.237% | $47K | $333K | 5x | as long as short |
| Coinbase International RENDER-PERP-INTX | +0.0256% | 1h | 1.8440 | −0.609% | $152K | $65K | 50x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8560 | +0.038% | $597K | $1.2M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0364% / S −0.0912% | 1h | 1.8560 | +0.039% | $16K | — | 100x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.0596% | 1h | 1.8587 | +0.185% | $482K | $1.1M | 50x | as long as short |
| Hyperliquid RENDERshort | +0.1784% | 1h | 1.8619 | +0.356% | $4.3M | $3.4M | 5x |
Bitget RENDERUSDT
BingX RENDER-USDT
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Injective RENDER/USDC PERP
Phoenix RENDER
Coinbase International RENDER-PERP-INTX
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Kraken Futures PF_RENDERUSD