CC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0339%/8h= −37.1% APRnext payment −$0.42 per $10,000 · paid last 24h −0.044%

Price spread now: Hyperliquid against GMX+0.132%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 0.132% dearer against GMX than usual: you sell high and buy low (spread +0.132% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CC/USD [WBTC.b-USDC]	0.1153	L +0.0439% / S −0.0239%	pay 0.0055% / 1h	50m 01s	$43K	—	50x
Short	Hyperliquid CC	0.1154	0.0100	get 0.0013% / 1h	50m 01s	$5.4M	$1.3M	3x

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 +0.132%Rate

Funding earned: −$71.22
Price spread: +0.132% → 0.000%: $13.19
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$79.04
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 2 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, 2 min ago	0.43 bp	17.6 bp −$18	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.

CC on 19 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 CC/USDC PERP	−0.3951%	1h	0.1144	−0.753%	$6K	$97	5.5x	as long as short
Gate CC_USDT	−0.0022%	4h	0.1151	−0.172%	$357K	$208K	50x	as long as short
MEXC CC_USDT	+0.0080%	4h	0.1153	−0.016%	$1.6M	$301K	100x	as long as short
Paradex CC-USD-PERP	+0.0086%	8h	0.1152	−0.056%	$1K	—	5x	as long as short
Bybit CCUSDT	+0.0090%	4h	0.1153	+0.002%	$10.4M	$3.7M	25x	as long as short
Hyperliquid CCshort	+0.0100%	1h	0.1154	+0.132%	$5.4M	$1.3M	3x
Aster CCUSDT	+0.0100%	4h	0.1152	−0.042%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1153	−0.007%	$10.9M	$11.0M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1153	+0.062%	$2.5M	$3.3M	20x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1153	+0.002%	$487K	$114K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1153	+0.071%	$925K	$787K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1153	−0.007%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1152	−0.024%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1150	−0.202%	$572K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1156	+0.278%	$85K	$2.2M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1151	−0.167%	$7K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1150	−0.215%	$583K	$103K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]long	L +0.0439% / S −0.0239%	1h	0.1153	long leg	$43K	—	50x
Lighter CC	+0.1408%	1h	0.1157	+0.366%	$233K	$150K	5x	as long as short