Spread before costs (cost unknown: a leg has no order-book sample)+0.073%
7d average—if it closes, per $10,000$7funding while held, a day+$2.98
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) S/USD | 0.03989 | L +0.0001% / S +0.0006% | pay 0.0000% / 1h | 4m 49s | $615 | — | 150x |
| Short | Hyperliquid S | 0.03992 | 0.0100 | get 0.0013% / 1h | 4m 49s | $1.1M | $1.5M | 5x |
gTrade (Gains Network) S/USD
Hyperliquid SPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $7.32
- Funding while held
- $2.98
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$8.7
- Spread needed to break even
- 0.190%
Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 7 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0099%
- Per $10,000 a day
- +$2.98
- Average in range /8h
- —
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 7 min ago | 1.76 bp | 21.8 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
S price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.03811cheapest01 Exchange0.03820+0.236%Reya0.03983+4.506%Kraken Futures0.03983+4.507%Bybit0.03983+4.513%Gate0.03985+4.566%Extended0.03986+4.589%Binance0.03987+4.616%BingX0.03987+4.618%Orderly0.03987+4.618%BloFin0.03987+4.618%OKX0.03988+4.644%MEXC0.03988+4.644%KuCoin0.03988+4.644%GMX0.03988+4.652%Variational Omni0.03989+4.664%
Coinbase International
Reya
Kraken Futures
Bybit
Gate
Extended
Binance
BingX
Orderly
BloFin
OKX
MEXC
KuCoin
GMX
Variational OmnigTrade (Gains Network)0.03989+4.668%
Bitget0.03990+4.697%Backpack0.03990+4.697%Aster0.03992+4.736%
Bitget
Backpack
AsterHyperliquid0.03992+4.744%
Lighter0.03992+4.749%Deribit0.03993+4.776%ApeX Omni0.04000+4.959%Injective0.04100+7.583%
Lighter
Deribit
ApeX Omni
InjectiveS on 25 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International S-PERP-INTX | −4.459% | −0.2344% | 1h | $47K | $12K | 25x | as long as short |
| 01 Exchange SUSD | −4.234% | −1.4264% | 1h | $23K | $3K | 5x | as long as short |
| Reya SRUSDPERP | −0.154% | −0.0101% | 1h | $4 | — | 15x | as long as short |
| Kraken Futures PF_SUSD | −0.153% | −0.1632% | 1h | $34K | $48K | 10x | as long as short |
| Bybit SUSDT | −0.147% | +0.0100% | 4h | $5.7M | $9.5M | 50x | as long as short |
| Gate S_USDT | −0.097% | +0.0100% | 4h | $334K | $405K | 50x | as long as short |
| Extended S-USD | −0.075% | +0.0104% | 1h | $224K | $946K | 10x | as long as short |
| Binance SUSDT | −0.049% | +0.0100% | 4h | $5.4M | $40.8M | 75x | as long as short |
| BingX S-USDT | −0.047% | +0.0100% | 4h | — | $7.0M | — | as long as short |
| Orderly PERP_S_USDC | −0.047% | −0.0211% | 4h | $105K | $336K | 10x | as long as short |
Show all 25 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin S-USDT | −0.047% | +0.0340% | 4h | $287K | $249K | 75x | as long as short |
| OKX S-USDT-SWAP | −0.022% | +0.0100% | 4h | $1.0M | $12.9M | 20x | as long as short |
| MEXC S_USDT | −0.022% | +0.0100% | 4h | $3.7M | $3.5M | 200x | as long as short |
| KuCoin SUSDTM | −0.022% | +0.0100% | 4h | $1.9M | $3.9M | 50x | as long as short |
| GMX S/USD [WBTC.b-USDC] | −0.015% | L −0.0370% / S +0.0342% | 1h | $1K | — | 100x | as long as short |
| Variational Omni S | −0.003% | −0.1111% | 4h | $622K | $124K | — | as long as short |
| gTrade (Gains Network) S/USDlong | 0.000% | L +0.0001% / S +0.0006% | 1h | $615 | — | 150x | |
| Bitget SUSDT | +0.028% | +0.0100% | 4h | $1.2M | $4.7M | 50x | as long as short |
| Backpack S_USDC_PERP | +0.028% | +0.0106% | 1h | $122K | $207K | 5x | as long as short |
| Aster SUSDT | +0.066% | −0.0278% | 4h | $47K | $260K | 10x | as long as short |
| Hyperliquid Sshort | +0.073% | +0.0100% | 1h | $1.1M | $1.5M | 5x | |
| Lighter S | +0.078% | +0.0096% | 1h | $168K | $337K | 5x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.103% | +0.0251% | 1h | $67K | $12K | 10x | as long as short |
| ApeX Omni SUSDT | +0.279% | +0.0100% | 1h | $25K | $500K | 50x | as long as short |
| Injective S/USDC PERP | +2.786% | +0.0033% | 1h | $2K | $193K | 12x | as long as short |