Funding you earn now, next payment 23:00 UTC−0.0197%/8h= −21.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.041%
Price spread now: Hyperliquid against GMX−0.025%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 −$6 a day on $10k at the current rate, and Hyperliquid is 0.025% cheaper against GMX than usual: you would sell low and buy high (−$2 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 DOT/USD [WBTC.b-USDC] | 1.1921 | L +0.0297% / S −0.0774% | pay 0.0037% / 1h | 57m 16s | $22K | — | 100x |
| Short | Hyperliquid DOT | 1.1918 | 0.0100 | get 0.0013% / 1h | 57m 16s | $5.3M | $3.2M | 10x |
GMX DOT/USD [WBTC.b-USDC]
Hyperliquid DOTFunding 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
- −$41.32
- Price spread: −0.025% → 0.000%
- −$2.49
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$64.81
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 5 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, 5 min ago | 0.84 bp | 7.7 bp −$8 | 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.
DOT on 29 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 DOT_USDC-PERPETUAL | −0.0838% | 1h | 1.1934 | +0.109% | $218K | $117K | 50x | as long as short |
| Reya DOTRUSDPERP | −0.0166% | 1h | 1.1911 | −0.082% | $258 | — | — | as long as short |
| Coinbase International DOT-PERP-INTX | −0.0128% | 1h | 1.1900 | −0.176% | $183K | $1.8M | 50x | as long as short |
| Kraken Futures PF_DOTUSD | −0.0054% | 1h | 1.1937 | +0.133% | $4.5M | $1.3M | 50x | as long as short |
| Injective DOT/USDC PERP | −0.0040% | 1h | 1.2020 | +0.831% | $328 | $121K | 12x | as long as short |
| OKX DOT-USDT-SWAP | −0.0025% | 8h | 1.1926 | +0.042% | $9.4M | $23.4M | 50x | as long as short |
| dYdX DOT-USD | 0.0000% | 1h | 1.1916 | −0.042% | $143K | $6K | 10x | as long as short |
| gTrade (Gains Network) DOT/USD | L 0.0000% / S +0.0004% | 1h | 1.1926 | +0.044% | $5K | — | 150x | as long as short |
| KuCoin DOTUSDTM | +0.0016% | 8h | 1.1907 | −0.117% | $6.8M | $8.7M | 75x | as long as short |
| Extended DOT-USD | +0.0048% | 1h | 1.1918 | −0.021% | $15K | $235K | 25x | as long as short |
Deribit DOT_USDC-PERPETUAL
Reya DOTRUSDPERP
Coinbase International DOT-PERP-INTX
Kraken Futures PF_DOTUSD
Injective DOT/USDC PERP
OKX DOT-USDT-SWAP
dYdX DOT-USD
gTrade (Gains Network) DOT/USD
KuCoin DOTUSDTM
Extended DOT-USDShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DOTUSDT | +0.0050% | 8h | 1.1925 | +0.034% | $43.9M | $80.8M | 75x | as long as short |
| MEXC DOT_USDT | +0.0052% | 8h | 1.1909 | −0.100% | $35.7M | $35.6M | 300x | as long as short |
| Lighter DOT | +0.0096% | 1h | 1.1929 | +0.066% | $250K | $593K | 10x | as long as short |
| Hyperliquid DOTshort | +0.0100% | 1h | 1.1918 | −0.025% | $5.3M | $3.2M | 10x | |
| Aster DOTUSDT | +0.0100% | 8h | 1.1901 | −0.168% | $884K | $649K | 50x | as long as short |
| Bybit DOTUSDT | +0.0100% | 8h | 1.1923 | +0.017% | $24.4M | $17.9M | 75x | as long as short |
| Gate DOT_USDT | +0.0100% | 8h | 1.1910 | −0.092% | $6.8M | $11.3M | 75x | as long as short |
| Bitget DOTUSDT | +0.0100% | 8h | 1.1920 | −0.008% | $22.8M | $14.0M | 75x | as long as short |
| BingX DOT-USDC | +0.0100% | 8h | 1.1917 | −0.033% | — | $1.3M | — | as long as short |
| Backpack DOT_USDC_PERP | +0.0100% | 1h | 1.1887 | −0.285% | $98K | $127K | 10x | as long as short |
| Variational Omni DOT | +0.0100% | 8h | 1.1901 | −0.167% | $541K | $92K | — | as long as short |
| edgeX DOTUSDC | +0.0100% | 4h | 1.1893 | −0.232% | $35K | $331K | 20x | as long as short |
| GRVT DOT_USDT_Perp | +0.0100% | 8h | 1.1897 | −0.201% | $230K | $469K | 10x | as long as short |
| Orderly PERP_DOT_USDC | +0.0100% | 8h | 1.1920 | −0.008% | $8K | $25K | 10x | as long as short |
| SunX DOT-USDT | +0.0100% | 8h | 1.1927 | +0.051% | $2K | $1.2M | 20x | as long as short |
| HTX DOT-USDT | +0.0100% | 8h | 1.1892 | −0.243% | $245K | $219K | 75x | as long as short |
| BloFin DOT-USDT | +0.0170% | 8h | 1.1929 | +0.067% | $2.3M | $762K | 75x | as long as short |
| GMX DOT/USD [WBTC.b-USDC]long | L +0.0297% / S −0.0774% | 1h | 1.1921 | long leg | $22K | — | 100x | |
| Phemex DOTUSDT | +0.0359% | 8h | 1.1930 | +0.076% | $2.2M | $2.1M | 50x | as long as short |
Binance DOTUSDT
MEXC DOT_USDT
Lighter DOT
Aster DOTUSDT
Bybit DOTUSDT
Gate DOT_USDT
Bitget DOTUSDT
BingX DOT-USDC
Backpack DOT_USDC_PERP
Variational Omni DOT
edgeX DOTUSDC
GRVT DOT_USDT_Perp
Orderly PERP_DOT_USDC
SunX DOT-USDT
HTX DOT-USDT
BloFin DOT-USDT
Phemex DOTUSDT