Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Gate+0.074%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$421as in the Funding arb table
Net, price: spread back to 7d avg − costs−$413as in the Price arb table
costs, in and out, $10k−$4214.212% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.074%, 7d avg −0.005%
=Together, before fees+0.096%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.079% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USUAL_USDT | 0.01348 | 0.0100 | pay 0.0100% / 8h | 2h 36m | $900K | $250K | 50x |
| Short | Hyperliquid USUAL | 0.01349 | 0.0100 | get 0.0013% / 1h | 36m 04s | $385K | $229K | 3x |
Gate USUAL_USDT
Hyperliquid USUALFunding 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
- $0
- Price spread: +0.074% → −0.005%
- $7.91
- Slippage, 4 orders
- −$397.15
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$413.24
- Costs to cover
- 4.212%
- Break-even
- never at this rate
Slippage from Gate: live order book, 50 min ago; Hyperliquid: live order book, 48 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, 50 min ago | 11.01 bp | 166.8 bp −$167 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 48 min ago | 7.38 bp | 40.7 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 USUAL/USDC PERP | −0.4964% | 1h | 0.01336 | −0.890% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0748% | 1h | 0.01349 | +0.073% | $110K | $23K | 10x | as long as short |
| Hyperliquid USUALshort | +0.0100% | 1h | 0.01349 | +0.074% | $385K | $229K | 3x | |
| Binance USUALUSDT | +0.0100% | 4h | 0.01348 | 0.000% | $2.1M | $3.5M | 50x | as long as short |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01350 | +0.134% | $993K | $945K | 25x | as long as short |
| Gate USUAL_USDTlong | +0.0100% | 8h | 0.01348 | long leg | $900K | $250K | 50x | |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01348 | +0.007% | $5.9M | $267K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01352 | +0.297% | $279K | $64K | 20x | as long as short |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01350 | +0.148% | $818K | $506K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01349 | +0.052% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Binance USUALUSDT
Bybit USUALUSDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01353 | +0.371% | $9K | $100 | — | as long as short |
Variational Omni USUAL