Funding you earn now, next payment 03:00 UTC+0.0411%/8h= +45.0% APRnext payment +$0.51 per $10,000 · paid last 24h +0.053%
Price spread now: Hyperliquid against GMX+0.039%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
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.039% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX FET/USD [ETH-USDC] | 0.2059 | L +0.0202% / S −0.0278% | pay 0.0025% / 1h | 19m 17s | $14K | — | 100x |
| Short | Hyperliquid FET | 0.2060 | 0.0613 | get 0.0077% / 1h | 19m 17s | $9.0M | $8.4M | 5x |
GMX FET/USD [ETH-USDC]
Hyperliquid FETFunding 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
- $86.37
- Price spread: +0.039% → 0.000%
- $3.88
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $69.25
- Costs to cover
- 0.210%
- Break-even
- 1.4 days
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 3 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, 3 min ago | 1.45 bp | 11.2 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.
FET on 20 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 FET_USDC-PERPETUAL | −0.3138% | 1h | 0.2059 | −0.019% | $39K | $294K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0872% | 1h | 0.2060 | +0.029% | $152K | $232K | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0015% | 1h | 0.2060 | +0.028% | $23K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −2.399% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2060 | +0.029% | $215K | $771K | 10x | as long as short |
| Binance FETUSDT | +0.0100% | 8h | 0.2060 | +0.018% | $32.0M | $112.2M | 75x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2059 | −0.019% | $2.8M | $12.5M | 50x | as long as short |
| MEXC FET_USDT | +0.0100% | 8h | 0.2059 | −0.019% | $30.8M | $24.3M | 200x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2060 | +0.029% | $10.8M | $18.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2063 | +0.181% | $346K | $424K | — | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Binance FETUSDT
Gate FET_USDT
MEXC FET_USDT
KuCoin FETUSDTM
Variational Omni FETShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2059 | −0.019% | $39K | $7K | 10x | as long as short |
| Extended FET-USD | +0.0104% | 1h | 0.2060 | +0.006% | $34K | $252K | 10x | as long as short |
| Kraken Futures PF_FETUSD | +0.0113% | 1h | 0.2061 | +0.075% | $1.0M | $2.2M | 50x | as long as short |
| GMX FET/USD [ETH-USDC]long | L +0.0202% / S −0.0278% | 1h | 0.2059 | long leg | $14K | — | 100x | |
| BloFin FET-USDT | +0.0220% | 8h | 0.2061 | +0.078% | $1.7M | $3.0M | 100x | as long as short |
| OKX FET-USDT-SWAP | +0.0267% | 4h | 0.2061 | +0.078% | $1.1M | $8.3M | 20x | as long as short |
| BingX FET-USDT | +0.0393% | 8h | 0.2060 | +0.029% | — | $6.0M | — | as long as short |
| Bitget FETUSDT | +0.0405% | 8h | 0.2062 | +0.126% | $16.8M | $11.8M | 75x | as long as short |
| Hyperliquid FETshort | +0.0613% | 1h | 0.2060 | +0.039% | $9.0M | $8.4M | 5x | |
| Phoenix FET | +0.0669% | 1h | 0.2065 | +0.267% | $36K | $39K | 5x | as long as short |
Orderly PERP_FET_USDC
Extended FET-USD
Kraken Futures PF_FETUSD
BloFin FET-USDT
OKX FET-USDT-SWAP
BingX FET-USDT
Bitget FETUSDT
Phoenix FET