Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: Hyperliquid against BingX−0.036%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1291.290% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.036%, 7d avg +0.018%
=Together, before fees−0.006%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.054% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX GMT-USDT | 0.008391 | 0.0100 | pay 0.0050% / 4h | 3h 49m | — | $1.2M | — |
| Short | Hyperliquid GMT | 0.008388 | 0.0100 | get 0.0013% / 1h | 49m 37s | $123K | $122K | 3x |
BingX GMT-USDT
Hyperliquid GMTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $0
- Price spread: −0.036% → +0.018%
- −$5.41
- Slippage, 4 orders
- −$110
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$134.41
- Costs to cover
- 1.290%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; Hyperliquid: live order book, 69 min ago.
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 BingX live order book, 15 min ago | 5.97 bp | 21.3 bp −$21 | 56.8 bp −$568 | 540.6 bp −$54.1K | 816.2 bp −$408.1K |
| Sell Hyperliquid live order book, 69 min ago | 1.79 bp | 50.0 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
GMT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GMTUSD | −0.1379% | 1h | 0.008391 | +0.004% | $46K | $11K | 20x | as long as short |
| Hyperliquid GMTshort | +0.0100% | 1h | 0.008388 | −0.036% | $123K | $122K | 3x | |
| Aster GMTUSDT | +0.0100% | 4h | 0.008389 | −0.020% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008385 | −0.069% | $2.7M | $3.1M | 50x | as long as short |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008380 | −0.131% | $1.1M | $1.1M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008388 | −0.036% | $351K | $574K | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008400 | +0.107% | $145K | $105K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008386 | −0.060% | $425K | $184K | 20x | as long as short |
| KuCoin GMTUSDTM | +0.0100% | 4h | 0.008380 | −0.131% | $244K | $98K | 50x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008393 | +0.024% | $674K | $399K | 50x | as long as short |
Kraken Futures PF_GMTUSD
Aster GMTUSDT
Binance GMTUSDT
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Gate GMT_USDT
MEXC GMT_USDT
KuCoin GMTUSDTM
Bitget GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMT-USDTlong | +0.0100% | 4h | 0.008391 | long leg | — | $1.2M | — | |
| Variational Omni GMT | +0.0100% | 8h | 0.008403 | +0.145% | $3K | $5K | — | as long as short |
Variational Omni GMT