Funding you earn now, next payment 04:00 UTC−0.0098%/8h= −10.8% APRnext payment −$0.12 per $10,000 · paid last 24h −0.034%
Price spread now: Hyperliquid against GMX−0.095%7-day average — · 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)—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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hyperliquid is 0.095% cheaper against GMX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ATOM/USD [ETH-USDC] | 1.8052 | L +0.0198% / S −0.1417% | pay 0.0025% / 1h | 57m 51s | $3K | — | 120x |
| Short | Hyperliquid ATOM | 1.8035 | 0.0100 | get 0.0013% / 1h | 57m 51s | $2.8M | $745K | 5x |
GMX ATOM/USD [ETH-USDC]
Hyperliquid ATOMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.62
- Price spread: −0.095% → 0.000%
- −$9.52
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$51.15
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 3 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, 3 min ago | 1.66 bp | 13.5 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.
ATOM on 25 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 ATOM-PERP-INTX | −0.0312% | 1h | 1.7940 | −0.621% | $25K | $6K | 25x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | −0.0249% | 1h | 1.8044 | −0.045% | $496 | $10K | 25x | as long as short |
| Variational Omni ATOM | −0.0072% | 8h | 1.8051 | −0.005% | $577K | $74K | — | as long as short |
| Bybit ATOMUSDT | −0.0034% | 8h | 1.8010 | −0.234% | $15.0M | $9.9M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0028% | 8h | 1.8010 | −0.234% | $5.0M | $5.5M | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8096 | +0.244% | $63K | $4K | 10x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8056 | +0.023% | $802 | — | 150x | as long as short |
| Hyperliquid ATOMshort | +0.0100% | 1h | 1.8035 | −0.095% | $2.8M | $745K | 5x | |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8057 | +0.024% | $979K | $239K | 20x | as long as short |
| Binance ATOMUSDT | +0.0100% | 8h | 1.8020 | −0.178% | $21.4M | $30.0M | 75x | as long as short |
Coinbase International ATOM-PERP-INTX
Deribit ATOM_USDC-PERPETUAL
Variational Omni ATOM
Bybit ATOMUSDT
OKX ATOM-USDT-SWAP
dYdX ATOM-USD
gTrade (Gains Network) ATOM/USD
Aster ATOMUSDT
Binance ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ATOM_USDT | +0.0100% | 8h | 1.8040 | −0.068% | $2.5M | $807K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8020 | −0.178% | $8.5M | $3.0M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8050 | −0.012% | $1.6M | $678K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8030 | −0.123% | $6.8M | $2.7M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8030 | −0.123% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8065 | +0.072% | $444K | $296K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8060 | +0.043% | $763K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8044 | −0.045% | $314K | $180K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8040 | −0.068% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8016 | −0.201% | $5K | $204K | 10x | as long as short |
| BloFin ATOM-USDT | +0.0107% | 8h | 1.8090 | +0.209% | $1.1M | $298K | 75x | as long as short |
| Injective ATOM/USDC PERP | +0.0116% | 1h | 1.8120 | +0.376% | $661 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC]long | L +0.0198% / S −0.1417% | 1h | 1.8052 | long leg | $3K | — | 120x | |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8046 | −0.032% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSD | +0.0356% | 1h | 1.8065 | +0.071% | $3.1M | $719K | 50x | as long as short |
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
BloFin ATOM-USDT
Injective ATOM/USDC PERP
Reya ATOMRUSDPERP
Kraken Futures PF_ATOMUSD