AR

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0287%/8h= +31.4% APRnext payment +$0.36 per $10,000 · paid last 24h +0.072%

Price spread now: Hyperliquid against GMX+0.166%7-day average +0.110% · 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)+0.392%+$39 on $10k

Price spread, last 4 days (all we have)−0.867%−$87 · spread now +0.166%, 7d avg +0.110%

Together, before fees−0.475%+ Points / potential airdropHyperliquid: Season 2 · farm board−$47 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 0.056% dearer against GMX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AR/USD [WBTC.b-USDC]	4.5511	L −0.0141% / S +0.0551%	get 0.0018% / 1h	21m 04s	$586K	—	50x
Short	Hyperliquid AR	4.5587	0.0146	get 0.0018% / 1h	21m 04s	$4.1M	$4.5M	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

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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 +0.166%Rate

Funding earned: $60.28
Price spread: +0.166% → +0.110%: $5.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $44.86
Costs to cover: 0.210%
Break-even: 1.8 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 11 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, 11 min ago	5.63 bp	13.6 bp −$14	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.

AR on 17 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
GMX AR/USD [WBTC.b-USDC]long	L −0.0141% / S +0.0551%	1h	4.5511	long leg	$586K	—	50x
OKX AR-USDT-SWAP	−0.0058%	8h	4.5500	−0.025%	$2.3M	$18.9M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	−0.487%	$548	$3K	5.5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5544	+0.072%	$19K	$492K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5517	+0.012%	$9.1M	$51.3M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5510	−0.003%	$4.7M	$8.4M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5520	+0.019%	$2.6M	$2.0M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.5510	−0.003%	$6.5M	$4.3M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5490	−0.047%	$1.2M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.5490	−0.047%	$4.0M	$5.3M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.5520	+0.019%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5477	−0.077%	$236K	$255K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5530	+0.041%	$20K	$724K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.5501	−0.024%	$38K	$235K	10x	as long as short
Hyperliquid ARshort	+0.0146%	1h	4.5587	+0.166%	$4.1M	$4.5M	5x
BloFin AR-USDT	+0.0220%	8h	4.5490	−0.047%	$437K	$496K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1919%	1h	4.5562	+0.111%	$56K	$148K	20x	as long as short