Funding you earn now, next payment 05:00 UTC−0.0475%/8h= −52.0% APRpaid last 24h −0.174%
Price spread now: Gate against Hyperliquid−0.115%7-day average −0.142% · you buy dearer than you sell
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1261.255% of the position
Funding, last 7 days−0.496%−$50 on $10k
+Price spread, last 7 days+0.111%+$11 · spread now −0.115%, 7d avg −0.142%
=Together, before fees−0.385%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.028% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.115% now, against its 7-day average of −0.142%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.496% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid RENDER | 1.8307 | 0.0575 | pay 0.0072% / 1h | 34m 14s | $4.1M | $3.3M | 5x |
| Short | Gate RENDER_USDT | 1.8286 | 0.0100 | get 0.0050% / 4h | 3h 34m | $536K | $1.3M | 50x |
Hyperliquid RENDER
Gate RENDER_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
- −$99.78
- Price spread: −0.115% → −0.142%
- $2.75
- Slippage, 4 orders
- −$101.54
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$222.57
- Costs to cover
- 1.255%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Gate: live order book, 3 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 | 2.46 bp | 15.3 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.56 bp | 49.3 bp −$49 | 165.3 bp −$1,653 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RENDER/USDC PERP | −0.0572% | 1h | 1.8310 | +0.016% | $12K | $194K | 12x | as long as short |
| Deribit RENDER_USDC-PERPETUAL | 0.0000% | 1h | 1.8275 | −0.175% | $13K | $33K | 25x | as long as short |
| dYdX RENDER-USD | +0.0057% | 1h | 1.8287 | −0.110% | $19K | $23K | 5x | as long as short |
| Aster RENDERUSDT | +0.0100% | 4h | 1.8317 | +0.056% | $268K | $155K | 20x | as long as short |
| Binance RENDERUSDT | +0.0100% | 4h | 1.8280 | −0.150% | $11.9M | $47.1M | 75x | as long as short |
| Bybit RENDERUSDT | +0.0100% | 4h | 1.8270 | −0.202% | $11.7M | $13.2M | 50x | as long as short |
| OKX RENDER-USDT-SWAP | +0.0100% | 4h | 1.8290 | −0.093% | $3.1M | $8.1M | 20x | as long as short |
| Gate RENDER_USDTshort | +0.0100% | 4h | 1.8286 | −0.115% | $536K | $1.3M | 50x | |
| MEXC RENDER_USDT | +0.0100% | 4h | 1.8270 | −0.202% | $12.3M | $11.2M | 200x | as long as short |
| KuCoin RENDERUSDTM | +0.0100% | 4h | 1.8290 | −0.093% | $4.9M | $11.3M | 50x | as long as short |
Injective RENDER/USDC PERP
Deribit RENDER_USDC-PERPETUAL
dYdX RENDER-USD
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 | 1.8288 | −0.104% | $10.0M | $10.7M | 50x | as long as short |
| BingX RENDER-USDT | +0.0100% | 4h | 1.8300 | −0.038% | — | $3.4M | — | as long as short |
| Variational Omni RENDER | +0.0100% | 4h | 1.8262 | −0.247% | $260K | $313K | — | as long as short |
| ApeX Omni RENDERUSDT | +0.0100% | 1h | 1.8289 | −0.098% | $40K | $256K | 50x | as long as short |
| Phemex RENDERUSDT | +0.0100% | 8h | 1.8280 | −0.147% | $1.8M | $4.0M | 50x | as long as short |
| Extended RENDER-USD | +0.0104% | 1h | 1.8277 | −0.163% | $26K | $201K | 10x | as long as short |
| Phoenix RENDER | +0.0303% | 1h | 1.8277 | −0.164% | $47K | $326K | 5x | as long as short |
| BloFin RENDER-USDT | +0.0340% | 4h | 1.8260 | −0.257% | $567K | $1.1M | 90x | as long as short |
| GMX RENDER/USD [ETH-USDC] | L +0.0372% / S −0.0956% | 1h | 1.8272 | −0.191% | $16K | — | 100x | as long as short |
| Hyperliquid RENDERlong | +0.0575% | 1h | 1.8307 | long leg | $4.1M | $3.3M | 5x | |
| Coinbase International RENDER-PERP-INTX | +0.0616% | 1h | 1.8430 | +0.672% | $153K | $58K | 50x | as long as short |
| Kraken Futures PF_RENDERUSD | +0.1047% | 1h | 1.8308 | +0.007% | $497K | $1.2M | 50x | as long as short |
Bitget RENDERUSDT
BingX RENDER-USDT
Variational Omni RENDER
ApeX Omni RENDERUSDT
Phemex RENDERUSDT
Extended RENDER-USD
Phoenix RENDER
BloFin RENDER-USDT
GMX RENDER/USD [ETH-USDC]
Coinbase International RENDER-PERP-INTX
Kraken Futures PF_RENDERUSD