FET

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0178%/8h= +19.5% APRnext payment +$0.22 per $10,000 · paid last 24h −0.016%

Price spread now: GMX against Hyperliquid−0.043%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

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

Funding pays, the price is against you. GMX is 0.043% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid FET	0.2004	0.0100	pay 0.0013% / 1h	49m 57s	$8.8M	$7.8M	5x
Short	GMX FET/USD [ETH-USDC]	0.2003	L +0.0200% / S −0.0278%	get 0.0035% / 1h	49m 57s	$13K	—	100x

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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee GMXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $37.33
Price spread: −0.043% → 0.000%: −$4.34
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $11.99
Costs to cover: 0.210%
Break-even: 4.8 days

Slippage unknown: Hyperliquid: live order book, 2 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, 2 min ago	0.75 bp	9.1 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.

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	−0.4225%	1h	0.2002	−0.075%	$27K	$200K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0744%	1h	0.2019	+0.774%	$158K	$191K	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0012%	1h	0.2005	+0.058%	$31K	—	150x	as long as short
Gate FET_USDT	+0.0025%	8h	0.2000	−0.175%	$2.7M	$11.8M	50x	as long as short
Hyperliquid FETlong	+0.0100%	1h	0.2004	long leg	$8.8M	$7.8M	5x
Aster FETUSDT	+0.0100%	8h	0.2003	−0.044%	$339K	$533K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.2002	−0.079%	$31.3M	$107.2M	75x	as long as short
MEXC FET_USDT	+0.0100%	8h	0.2001	−0.125%	$34.5M	$25.1M	200x	as long as short
KuCoin FETUSDTM	+0.0100%	8h	0.2001	−0.125%	$10.3M	$19.1M	50x	as long as short
Variational Omni FET	+0.0100%	8h	0.2006	+0.141%	$273K	$316K	—	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_FET_USDC	+0.0100%	8h	0.2001	−0.125%	$37K	$5K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2002	−0.095%	$33K	$189K	10x	as long as short
OKX FET-USDT-SWAP	+0.0137%	4h	0.2003	−0.025%	$851K	$7.5M	20x	as long as short
GMX FET/USD [ETH-USDC]short	L +0.0200% / S −0.0278%	1h	0.2003	−0.043%	$13K	—	100x
BloFin FET-USDT	+0.0220%	8h	0.2005	+0.075%	$1.7M	$2.6M	100x	as long as short
BingX FET-USDT	+0.0263%	8h	0.2003	−0.025%	—	$5.6M	—	as long as short
Bitget FETUSDT	+0.0284%	8h	0.2004	+0.025%	$16.3M	$11.3M	75x	as long as short
Kraken Futures PF_FETUSD	+0.0361%	1h	0.2005	+0.064%	$1.0M	$2.2M	50x	as long as short
Injective FET/USDC PERP	+0.0553%	1h	0.2010	+0.324%	$3K	$166K	12x	as long as short
Phoenix FET	+0.0599%	1h	0.2015	+0.569%	$27K	$36K	5x	as long as short