FIL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0469%/8h= −51.3% APRnext payment −$0.59 per $10,000 · paid last 24h −0.113%

Price spread now: Hyperliquid against GMX+0.027%7-day average +0.114% · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 3 days (all we have)+0.131%+$13 · spread now +0.027%, 7d avg +0.114%

Together, before fees+0.094%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Hyperliquid is 0.087% cheaper against GMX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.114%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.037% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX FIL/USD [WBTC.b-USDC]	0.9902	L +0.0569% / S −0.0592%	pay 0.0071% / 1h	55m 05s	$200K	—	100x
Short	Hyperliquid FIL	0.9904	0.0100	get 0.0013% / 1h	55m 05s	$8.5M	$9.5M	5x

Funding 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 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 GMXbpFee HyperliquidbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$98.46
Price spread: +0.027% → +0.114%: −$8.7
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$128.16
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 7 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, 7 min ago	1.56 bp	10.6 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.

FIL 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
Coinbase International FIL-PERP-INTX	−0.0296%	1h	0.9889	−0.128%	$372K	$2.1M	50x	as long as short
Kraken Futures PF_FILUSD	−0.0193%	1h	0.9912	+0.103%	$1.4M	$2.4M	50x	as long as short
Deribit FIL_USDC-PERPETUAL	−0.0153%	1h	0.9911	+0.094%	$171K	$23K	25x	as long as short
OKX FIL-USDT-SWAP	−0.0051%	8h	0.9908	+0.064%	$18.0M	$98.5M	50x	as long as short
KuCoin FILUSDTM	−0.0041%	8h	0.9899	−0.027%	$7.3M	$7.3M	50x	as long as short
Gate FIL_USDT	−0.0034%	8h	0.9904	+0.023%	$8.2M	$15.7M	50x	as long as short
gTrade (Gains Network) FIL/USD	L −0.0005% / S +0.0006%	1h	0.9900	−0.019%	$35K	—	150x	as long as short
dYdX FIL-USD	0.0000%	1h	0.9892	−0.101%	$58K	$2K	10x	as long as short
Binance FILUSDT	+0.0023%	8h	0.9900	−0.013%	$56.9M	$181.2M	75x	as long as short
Extended FIL-USD	+0.0024%	1h	0.9899	−0.031%	$692K	$3.3M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective FIL/USDC PERP	+0.0033%	1h	0.9855	−0.472%	$2K	$240K	12x	as long as short
MEXC FIL_USDC	+0.0064%	8h	0.9901	−0.007%	$243K	$103K	50x	as long as short
Bitget FILUSDT	+0.0086%	8h	0.9910	+0.084%	$11.2M	$22.0M	75x	as long as short
BloFin FIL-USDT	+0.0091%	8h	0.9898	−0.037%	$2.7M	$605K	75x	as long as short
Lighter FIL	+0.0096%	1h	0.9901	−0.007%	$159K	$342K	5x	as long as short
Hyperliquid FILshort	+0.0100%	1h	0.9904	+0.027%	$8.5M	$9.5M	5x
Aster FILUSDT	+0.0100%	8h	0.9902	+0.005%	$504K	$611K	20x	as long as short
Bybit FILUSDT	+0.0100%	8h	0.9906	+0.043%	$15.5M	$18.7M	25x	as long as short
BingX FIL-USDT	+0.0100%	8h	0.9901	−0.007%	—	$11.9M	—	as long as short
Variational Omni FIL	+0.0100%	8h	0.9867	−0.351%	$444K	$269K	—	as long as short
edgeX FILUSDC	+0.0100%	4h	0.9915	+0.136%	$46K	$293K	10x	as long as short
GRVT FIL_USDT_Perp	+0.0100%	8h	0.9911	+0.096%	$291K	$836K	10x	as long as short
ApeX Omni FILUSDT	+0.0100%	1h	0.9930	+0.286%	$30K	$194K	50x	as long as short
Orderly PERP_FIL_USDC_mythos	+0.0100%	4h	0.9909	+0.073%	$5K	—	10x	as long as short
SunX FIL-USDT	+0.0100%	8h	0.9900	−0.017%	$3K	$1.1M	20x	as long as short
SoDEX FIL-USD	+0.0100%	1h	0.9902	+0.003%	$489	$11K	5x	as long as short
HTX FIL-USDT	+0.0100%	8h	0.9912	+0.104%	$633K	$5.7M	75x	as long as short
Phemex FILUSDT	+0.0100%	8h	0.9900	−0.017%	$1.1M	$2.3M	50x	as long as short
GMX FIL/USD [WBTC.b-USDC]long	L +0.0569% / S −0.0592%	1h	0.9902	long leg	$200K	—	100x