Funding you earn now, next payment 07:00 UTC+0.0077%/8h= +8.4% APRnext payment +$0.10 per $10,000 · paid last 24h −0.066%
Price spread now: GMX against Hyperliquid−0.018%7-day average −0.107% · 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)−0.024%−$2 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.018%, 7d avg −0.107%
=Together, before fees−0.081%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.088% dearer against Hyperliquid than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.107%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid CRV | 0.3596 | 0.0100 | pay 0.0013% / 1h | 43m 18s | $21.0M | $16.5M | 10x |
| Short | GMX CRV/USD [ETH-USDC] | 0.3595 | L +0.0416% / S −0.0177% | get 0.0022% / 1h | 43m 18s | $210K | — | 100x |
Hyperliquid CRV
GMX CRV/USD [ETH-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
- $16.15
- Price spread: −0.018% → −0.107%
- $8.85
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $3.99
- Costs to cover
- 0.210%
- Break-even
- 5.3 days
Slippage unknown: Hyperliquid: live order book, 10 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, 10 min ago | 0.14 bp | 8.9 bp −$9 | 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.1694% | 1h | 0.3594 | −0.058% | $54K | $45K | 25x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3593 | −0.088% | $15 | — | 15x | as long as short |
| Phoenix CRV | −0.0045% | 1h | 0.3578 | −0.512% | $25K | $187K | 10x | as long as short |
| Backpack CRV_USDC_PERP | −0.0034% | 1h | 0.3594 | −0.061% | $96K | $215K | 10x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3588 | −0.232% | $37K | $8K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.055% | $79 | $384K | 12x | as long as short |
| Variational Omni CRV | +0.0061% | 8h | 0.3571 | −0.701% | $1.1M | $95K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3593 | −0.095% | $380K | $713K | 10x | as long as short |
| Hyperliquid CRVlong | +0.0100% | 1h | 0.3596 | long leg | $21.0M | $16.5M | 10x | |
| Aster CRVUSDT | +0.0100% | 8h | 0.3594 | −0.068% | $113K | $195K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Reya CRVRUSDPERP
Phoenix CRV
Backpack CRV_USDC_PERP
dYdX CRV-USD
Injective CRV/USDC PERP
Variational Omni CRV
Lighter CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3586 | −0.294% | $364K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3592 | −0.104% | $24.8M | $57.1M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3588 | −0.225% | $27.1M | $19.5M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3590 | −0.170% | $8.7M | $20.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3594 | −0.058% | $1.8M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3595 | −0.031% | $12.6M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3596 | −0.003% | $6.0M | $8.3M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3596 | −0.003% | $6.8M | $5.4M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3594 | −0.058% | — | $23.5M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3577 | −0.529% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3580 | −0.448% | $507K | $435K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3578 | −0.503% | $53K | $681K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3595 | −0.031% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3670 | +2.055% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3593 | −0.094% | $253K | $505K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3595 | −0.031% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3590 | −0.170% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3601 | +0.136% | $368K | $4.4M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC]short | L +0.0416% / S −0.0177% | 1h | 0.3595 | −0.018% | $210K | — | 100x | |
| Kraken Futures PF_CRVUSD | +0.0557% | 1h | 0.3597 | +0.030% | $3.0M | $2.7M | 50x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSD