Funding you earn now, next payment 08:00 UTC−0.0927%/8h= −101.5% APRnext payment −$1.16 per $10,000 · paid last 24h −0.191%
Price spread now: GMX against Hyperliquid−0.153%56s7-day average −0.112% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.759%−$76 on $10k
+Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.153%, 7d avg −0.112%
=Together, before fees−0.519%+ Points / potential airdropHyperliquid: Season 2 · farm board−$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and GMX is 0.040% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.112%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid AR | 4.2740 | 0.0376 | pay 0.0047% / 1h | 24m 15s | $3.9M | $4.6M | 5x |
| Short | GMX AR/USD [WBTC.b-USDC] | 4.2675 | L −0.0140% / S +0.0550% | pay 0.0069% / 1h | 24m 15s | $548K | — | 50x |
Hyperliquid AR
GMX AR/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Hyperliquid. 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
- −$194.57
- Price spread: −0.153% → −0.112%
- −$4.01
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$219.58
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; GMX: no order-book sample. 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 Hyperliquid live order book, 8 min ago | 4.82 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSD | −0.1522% | 1h | 4.2649 | −0.213% | $53K | $135K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC]short | L −0.0140% / S +0.0550% | 1h | 4.2675 | −0.153% | $548K | — | 50x | |
| Variational Omni AR | 0.0000% | 8h | 4.2617 | −0.288% | $245K | $515K | — | as long as short |
| Injective AR/USDC PERP | +0.0033% | 1h | 4.4240 | +3.510% | $2K | $5K | 5.5x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.2686 | −0.127% | $32K | $293K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.2680 | −0.140% | $8.5M | $46.9M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.2650 | −0.211% | $4.4M | $8.6M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.2630 | −0.257% | $2.2M | $15.4M | 20x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.2620 | −0.281% | $2.0M | $3.2M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.2660 | −0.187% | $5.9M | $4.0M | 100x | as long as short |
Kraken Futures PF_ARUSD
Variational Omni AR
Injective AR/USDC PERP
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
OKX AR-USDT-SWAP
Gate AR_USDT
MEXC AR_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ARUSDTM | +0.0100% | 8h | 4.2680 | −0.140% | $1.1M | $1.2M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.2620 | −0.281% | $3.7M | $5.0M | 75x | as long as short |
| BingX AR-USDT | +0.0100% | 8h | 4.2660 | −0.187% | — | $2.7M | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.2530 | −0.491% | $20K | $709K | 50x | as long as short |
| Extended AR-USD | +0.0104% | 1h | 4.2668 | −0.168% | $36K | $238K | 10x | as long as short |
| BloFin AR-USDT | +0.0220% | 8h | 4.2670 | −0.164% | $416K | $443K | 20x | as long as short |
| Hyperliquid ARlong | +0.0376% | 1h | 4.2740 | long leg | $3.9M | $4.6M | 5x |
KuCoin ARUSDTM
Bitget ARUSDT
BingX AR-USDT
ApeX Omni ARUSDT
Extended AR-USD
BloFin AR-USDT