ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0243%/8h= −26.6% APRnext payment −$0.30 per $10,000 · paid last 24h −0.056%

Price spread now: Hyperliquid against GMX+0.220%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.220% dearer against GMX than usual: you sell high and buy low (spread +0.220% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ALGO/USD [WBTC.b-USDC]	0.1116	L +0.0343% / S −0.0313%	pay 0.0043% / 1h	7m 36s	$7K	—	100x
Short	Hyperliquid ALGO	0.1118	0.0100	get 0.0013% / 1h	7m 36s	$3.7M	$2.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee HyperliquidbpOrdersPrice spread, now +0.220%Rate

Funding earned: −$50.94
Price spread: +0.220% → 0.000%: $21.96
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$49.98
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 4 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 4 min ago	1.79 bp	15.8 bp −$16	doesn't fit	doesn't fit	doesn't fit

GMX: 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.

ALGO on 21 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
Coinbase International ALGO-PERP-INTX	−0.0064%	1h	0.1120	+0.390%	$71K	$287K	50x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0019%	1h	0.1116	−0.013%	$101K	$49K	25x	as long as short
gTrade (Gains Network) ALGO/USD	L −0.0001% / S +0.0003%	1h	0.1116	−0.020%	$17K	—	150x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+0.381%	$834	$233K	12x	as long as short
Variational Omni ALGO	+0.0046%	8h	0.1115	−0.044%	$61K	$12K	—	as long as short
Hyperliquid ALGOshort	+0.0100%	1h	0.1118	+0.220%	$3.7M	$2.0M	5x
Aster ALGOUSDT	+0.0100%	8h	0.1115	−0.040%	$44K	$41K	5x	as long as short
Binance ALGOUSDT	+0.0100%	8h	0.1115	−0.022%	$9.8M	$34.9M	75x	as long as short
Bybit ALGOUSDT	+0.0100%	8h	0.1115	−0.067%	$11.5M	$12.4M	75x	as long as short
OKX ALGO-USDT-SWAP	+0.0100%	8h	0.1115	−0.040%	$2.9M	$7.7M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ALGO_USDT	+0.0100%	8h	0.1116	+0.022%	$872K	$860K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1116	+0.049%	$22.8M	$3.0M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1116	+0.013%	$3.5M	$1.5M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1116	+0.022%	$5.6M	$3.6M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1115	−0.085%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1114	−0.175%	$60K	$143K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1117	+0.112%	$3.8M	$1.8M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1116	−0.010%	$4K	$232K	10x	as long as short
Kraken Futures PF_ALGOUSD	+0.0262%	1h	0.1116	+0.056%	$827K	$1.1M	50x	as long as short
GMX ALGO/USD [WBTC.b-USDC]long	L +0.0343% / S −0.0313%	1h	0.1116	long leg	$7K	—	100x
dYdX ALGO-USD	+0.1521%	1h	0.1115	−0.073%	$161K	$4K	5x	as long as short