Funding you earn now, next payment 03:00 UTC−0.0335%/8h= −36.7% APRnext payment −$0.42 per $10,000 · paid last 24h −0.033%
Price spread now: Hyperliquid against GMX+0.260%7-day average +0.106% · 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)−0.285%−$29 on $10k
+Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.260%, 7d avg +0.106%
=Together, before fees−0.501%+ Points / potential airdropHyperliquid: Season 2 · farm board−$50 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.154% dearer against GMX than usual: you sell high and buy low (spread +0.260% now, against its 7-day average of +0.106%): +$15 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX CRV/USD [ETH-USDC] | 0.3644 | L +0.0435% / S −0.0189% | pay 0.0054% / 1h | 43m 41s | $221K | — | 100x |
| Short | Hyperliquid CRV | 0.3653 | 0.0100 | get 0.0013% / 1h | 43m 41s | $22.1M | $15.1M | 10x |
GMX CRV/USD [ETH-USDC]
Hyperliquid CRVFunding 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
- −$70.3
- Price spread: +0.260% → +0.106%
- $15.41
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$75.89
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 9 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, 9 min ago | 2.17 bp | 10.8 bp −$11 | 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.
CRV on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0065% | 1h | 0.3648 | +0.128% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3644 | +0.018% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0024% | 1h | 0.3644 | +0.007% | $55K | $49K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3647 | +0.080% | $38K | $7K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.721% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3646 | +0.062% | $24K | $902 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3650 | +0.166% | $384K | $705K | 10x | as long as short |
| Hyperliquid CRVshort | +0.0100% | 1h | 0.3653 | +0.260% | $22.1M | $15.1M | 10x | |
| Aster CRVUSDT | +0.0100% | 8h | 0.3646 | +0.055% | $130K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3651 | +0.188% | $370K | $198K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3650 | +0.169% | $25.2M | $54.2M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3649 | +0.144% | $27.7M | $17.6M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3650 | +0.172% | $8.8M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3647 | +0.089% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3648 | +0.117% | $14.6M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3650 | +0.172% | $6.3M | $8.8M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3651 | +0.199% | $6.8M | $5.2M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3648 | +0.117% | — | $1.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3646 | +0.062% | $100K | $296K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3651 | +0.209% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3642 | −0.055% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3643 | −0.023% | $514K | $429K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3651 | +0.199% | $53K | $687K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3685 | +1.132% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3642 | −0.040% | $242K | $475K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3645 | +0.033% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3648 | +0.117% | — | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0344% | 1h | 0.3654 | +0.282% | $383K | $4.1M | 50x | as long as short |
| Kraken Futures PF_CRVUSD | +0.0372% | 1h | 0.3649 | +0.143% | $3.1M | $2.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC]long | L +0.0435% / S −0.0189% | 1h | 0.3644 | long leg | $221K | — | 100x |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD