Funding you earn now, next payment 00:00 UTC−0.0478%/8h= −52.3% APRnext payment −$0.60 per $10,000 · paid last 24h −0.015%
Price spread now: GMX against Hyperliquid+0.047%7-day average — · 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)—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. GMX is 0.047% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CC | 0.1178 | 0.0719 | pay 0.0090% / 1h | 36m 38s | $5.5M | $1.4M | 3x |
| Short | GMX CC/USD [WBTC.b-USDC] | 0.1179 | L +0.0447% / S −0.0241% | get 0.0030% / 1h | 36m 38s | $44K | — | 50x |
Hyperliquid CC
GMX CC/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
- −$100.37
- Price spread: +0.047% → 0.000%
- $4.67
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$116.71
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 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, 5 min ago | 0.85 bp | 13.6 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.
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 | −0.3320% | 1h | 0.1156 | −1.884% | $6K | $97 | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0097% | 8h | 0.1176 | −0.228% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1178 | −0.044% | $35K | $38K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1175 | −0.280% | $11.1M | $11.1M | 75x | as long as short |
| Bybit CCUSDT | +0.0100% | 4h | 0.1176 | −0.187% | $10.6M | $3.8M | 25x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1177 | −0.127% | $2.5M | $3.5M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1175 | −0.289% | $363K | $214K | 50x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1175 | −0.246% | $1.6M | $314K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1177 | −0.085% | $498K | $115K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1177 | −0.093% | $939K | $787K | 20x | as long as short |
Injective CC/USDC PERP
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
Bybit CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1175 | −0.238% | — | $6.6M | — | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1177 | −0.068% | $586K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1179 | +0.042% | $82K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1177 | −0.127% | $6K | $36K | 6.7x | as long as short |
| Backpack CC_USDC_PERP | +0.0332% | 1h | 0.1176 | −0.178% | $15K | $22K | 10x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1178 | −0.025% | $589K | $107K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC]short | L +0.0447% / S −0.0241% | 1h | 0.1179 | +0.047% | $44K | — | 50x | |
| Hyperliquid CClong | +0.0719% | 1h | 0.1178 | long leg | $5.5M | $1.4M | 3x | |
| Lighter CC | +0.1304% | 1h | 0.1181 | +0.195% | $236K | $153K | 5x | as long as short |
BingX CC-USDT
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
Backpack CC_USDC_PERP
BloFin CC-USDT
Lighter CC