Funding you earn now, next payment 22:00 UTC−0.0082%/8h= −8.9% APRnext payment −$0.10 per $10,000 · paid last 24h −0.041%
Price spread now: GMX against Hyperliquid+0.202%7-day average −0.069% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.054%−$5 on $10k
+Price spread, last 3 days (all we have)+0.194%+$19 · spread now +0.202%, 7d avg −0.069%
=Together, before fees+0.140%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GMX is 0.270% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of −0.069%): +$27 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ARB | 0.2236 | 0.0100 | pay 0.0013% / 1h | 16m 43s | $40.0M | $52.8M | 10x |
| Short | GMX ARB/USD [ARB-USDC] | 0.2241 | L +0.0154% / S −0.0018% | get 0.0002% / 1h | 16m 43s | $849K | — | 150x |
Hyperliquid ARB
GMX ARB/USD [ARB-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
- −$17.13
- Price spread: +0.202% → −0.069%
- $27.04
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$11.08
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 7 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, 7 min ago | 0.45 bp | 8.1 bp −$8 | 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.
ARB on 36 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 ARB/USDC PERP | −0.1675% | 1h | 0.2231 | −0.228% | $40K | $197K | 12x | as long as short |
| 01 Exchange ARBUSD | −0.0280% | 1h | 0.2240 | +0.170% | $7K | $2K | 10x | as long as short |
| Deribit ARB_USDC-PERPETUAL | −0.0196% | 1h | 0.2240 | +0.183% | $38K | $20K | 25x | as long as short |
| Variational Omni ARB | −0.0161% | 8h | 0.2240 | +0.180% | $1.9M | $2.8M | — | as long as short |
| Bybit ARBUSDT | −0.0157% | 8h | 0.2233 | −0.116% | $56.2M | $135.9M | 50x | as long as short |
| SoDEX ARB-USD | −0.0114% | 1h | 0.2238 | +0.094% | $4K | $2.9M | 5x | as long as short |
| OKX ARB-USDT-SWAP | −0.0103% | 8h | 0.2233 | −0.125% | $22.2M | $164.5M | 50x | as long as short |
| MEXC ARB_USDT | −0.0103% | 8h | 0.2233 | −0.139% | $37.2M | $63.8M | 200x | as long as short |
| Kraken Futures PF_ARBUSD | −0.0053% | 1h | 0.2240 | +0.176% | $1.1M | $5.2M | 50x | as long as short |
| Polymarket Perps ARB-USD | −0.0032% | 1h | 0.2240 | +0.170% | $77K | $2.2M | 10x | as long as short |
Injective ARB/USDC PERP
01 Exchange ARBUSD
Deribit ARB_USDC-PERPETUAL
Variational Omni ARB
Bybit ARBUSDT
SoDEX ARB-USD
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Kraken Futures PF_ARBUSD
Polymarket Perps ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ARB_USDC | −0.0018% | 8h | 0.2239 | +0.130% | $11K | $388K | 10x | as long as short |
| Binance ARBUSDT | −0.0010% | 8h | 0.2235 | −0.058% | $63.6M | $324.6M | 75x | as long as short |
| Extended ARB-USD | −0.0008% | 1h | 0.2234 | −0.114% | $357K | $2.4M | 25x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2236 | −0.024% | $66K | $4K | 10x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2241 | +0.219% | $56K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0007% | 8h | 0.2235 | −0.067% | $5.5M | $21.6M | 60x | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2241 | +0.199% | $146K | $12K | 3x | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2234 | −0.094% | $21.0M | $38.3M | 50x | as long as short |
| BingX ARB-USDT | +0.0088% | 8h | 0.2234 | −0.103% | — | $54.0M | — | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2235 | −0.031% | $1.3M | $7.7M | 15x | as long as short |
| Hyperliquid ARBlong | +0.0100% | 1h | 0.2236 | long leg | $40.0M | $52.8M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2237 | +0.051% | $696K | $1.8M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2235 | −0.031% | $47K | $199K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2235 | −0.036% | $20.5M | $17.0M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2244 | +0.345% | $40K | $456K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2244 | +0.342% | $483K | $4.1M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2242 | +0.264% | $121K | $297K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2239 | +0.130% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2246 | +0.461% | $276K | $1.2M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2239 | +0.130% | $5.3M | $13.7M | 50x | as long as short |
| BloFin ARB-USDT | +0.0110% | 8h | 0.2239 | +0.130% | $3.0M | $3.3M | 75x | as long as short |
| GMX ARB/USD [ARB-USDC]short | L +0.0154% / S −0.0018% | 1h | 0.2241 | +0.202% | $849K | — | 150x | |
| Coinbase International ARB-PERP-INTX | +0.0288% | 1h | 0.2249 | +0.577% | $504K | $2.5M | 50x | as long as short |
| Reya ARBRUSDPERP | +0.0291% | 1h | 0.2239 | +0.123% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0546% | 1h | 0.2236 | +0.011% | $496K | $2.8M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0575% | 1h | 0.2241 | +0.210% | $1.1M | $2.7M | 20x | as long as short |
Orderly PERP_ARB_USDC
Binance ARBUSDT
Extended ARB-USD
dYdX ARB-USD
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Aevo ARB-PERP
Bitget ARBUSDT
BingX ARB-USDT
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
BloFin ARB-USDT
Coinbase International ARB-PERP-INTX
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP