Funding you earn now, next payment 22:00 UTC+0.0299%/8h= +32.7% APRpaid last 24h +0.028%
Price spread now: Hyperliquid against Gate+0.280%7-day average +0.139% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1691.685% of the position
Funding, last 7 days+0.085%+$8 on $10k
+Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.280%, 7d avg +0.139%
=Together, before fees−0.092%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.141% dearer against Gate than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.139%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.4% 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 STX_USDT | 0.3431 | 0.0100 | pay 0.0100% / 8h | 2h 38m | $602K | $441K | 50x |
| Short | Hyperliquid STX | 0.3441 | 0.0399 | get 0.0050% / 1h | 38m 00s | $1.5M | $1.0M | 5x |
Gate STX_USDT
Hyperliquid STXFunding 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
- $62.75
- Price spread: +0.280% → +0.139%
- $14.11
- Slippage, 4 orders
- −$144.54
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$91.69
- Costs to cover
- 1.685%
- Break-even
- 17.2 days
Slippage from Gate: live order book, 48 min ago; Hyperliquid: 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 Gate live order book, 48 min ago | 1.47 bp | 73.8 bp −$74 | 409.5 bp −$4,095 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 1.74 bp | 13.3 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
STX on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STXUSD | −0.1357% | 1h | 0.3437 | +0.180% | $76K | $159K | 20x | as long as short |
| Variational Omni STX | −0.0604% | 8h | 0.3437 | +0.161% | $815K | $307K | — | as long as short |
| gTrade (Gains Network) STX/USD | L −0.0002% / S +0.0003% | 1h | 0.3434 | +0.078% | — | — | 150x | as long as short |
| Injective STX/USDC PERP | +0.0033% | 1h | 0.3441 | +0.291% | $4K | $148K | 12x | as long as short |
| BloFin STX-USDT | +0.0082% | 8h | 0.3434 | +0.087% | $434K | $243K | 20x | as long as short |
| Aster STXUSDT | +0.0100% | 8h | 0.3434 | +0.077% | $128K | $67K | 10x | as long as short |
| Binance STXUSDT | +0.0100% | 8h | 0.3435 | +0.118% | $8.1M | $20.2M | 75x | as long as short |
| Bybit STXUSDT | +0.0100% | 8h | 0.3429 | −0.058% | $8.8M | $7.5M | 75x | as long as short |
| OKX STX-USDT-SWAP | +0.0100% | 8h | 0.3434 | +0.087% | $2.4M | $6.7M | 20x | as long as short |
| Gate STX_USDTlong | +0.0100% | 8h | 0.3431 | long leg | $602K | $441K | 50x |
Kraken Futures PF_STXUSD
Variational Omni STX
gTrade (Gains Network) STX/USD
Injective STX/USDC PERP
BloFin STX-USDT
Aster STXUSDT
Binance STXUSDT
Bybit STXUSDT
OKX STX-USDT-SWAPShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC STX_USDT | +0.0100% | 8h | 0.3434 | +0.087% | $6.3M | $1.5M | 50x | as long as short |
| KuCoin STXUSDTM | +0.0100% | 8h | 0.3433 | +0.058% | $2.4M | $1.8M | 50x | as long as short |
| Bitget STXUSDT | +0.0100% | 8h | 0.3432 | +0.029% | $4.9M | $1.9M | 50x | as long as short |
| BingX STX-USDT | +0.0100% | 8h | 0.3432 | +0.029% | — | $15.7M | — | as long as short |
| ApeX Omni STXUSDT | +0.0100% | 1h | 0.3440 | +0.262% | $58K | $678K | 50x | as long as short |
| Extended STX-USD | +0.0104% | 1h | 0.3435 | +0.104% | $181K | $585K | 10x | as long as short |
| GMX STX/USD [WBTC.b-USDC] | L +0.0191% / S −0.0313% | 1h | 0.3438 | +0.204% | $5K | — | 100x | as long as short |
| Hyperliquid STXshort | +0.0399% | 1h | 0.3441 | +0.280% | $1.5M | $1.0M | 5x |
MEXC STX_USDT
KuCoin STXUSDTM
Bitget STXUSDT
BingX STX-USDT
ApeX Omni STXUSDT
Extended STX-USD
GMX STX/USD [WBTC.b-USDC]