Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Hyperliquid−0.036%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$970.972% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.036%, 7d avg +0.001%
=Together, before fees+0.030%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 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: Binance is 0.037% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GMT | 0.008333 | 0.0100 | pay 0.0013% / 1h | 41m 45s | $122K | $123K | 3x |
| Short | Binance GMTUSDT | 0.008330 | 0.0100 | get 0.0050% / 4h | 1h 41m | $2.7M | $3.0M | 50x |
Hyperliquid GMT
Binance GMTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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% → +0.001%
- −$3.69
- Slippage, 4 orders
- −$78.16
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$100.85
- Costs to cover
- 0.972%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 27 min ago; Binance: live order book, 9 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 Hyperliquid live order book, 27 min ago | 1.80 bp | 26.3 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.20 bp | 23.8 bp −$24 | 93.6 bp −$936 | 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 | −0.0997% | 1h | 0.008328 | −0.056% | $45K | $10K | 20x | as long as short |
| KuCoin GMTUSDTM | −0.0050% | 4h | 0.008320 | −0.156% | $257K | $99K | 50x | as long as short |
| Hyperliquid GMTlong | +0.0100% | 1h | 0.008333 | long leg | $122K | $123K | 3x | |
| Aster GMTUSDT | +0.0100% | 4h | 0.008329 | −0.044% | $8K | $14K | 10x | as long as short |
| Binance GMTUSDTshort | +0.0100% | 4h | 0.008330 | −0.036% | $2.7M | $3.0M | 50x | |
| Bybit GMTUSDT | +0.0100% | 8h | 0.008326 | −0.084% | $1.1M | $1.1M | 50x | as long as short |
| OKX GMT-USDT-SWAP | +0.0100% | 4h | 0.008326 | −0.084% | $343K | $552K | 20x | as long as short |
| Gate GMT_USDT | +0.0100% | 8h | 0.008320 | −0.156% | $146K | $104K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008329 | −0.048% | $422K | $184K | 20x | as long as short |
| Bitget GMTUSDT | +0.0100% | 4h | 0.008323 | −0.120% | $670K | $400K | 50x | as long as short |
Kraken Futures PF_GMTUSD
KuCoin GMTUSDTM
Aster GMTUSDT
Bybit GMTUSDT
OKX GMT-USDT-SWAP
Gate GMT_USDT
MEXC GMT_USDT
Bitget GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMT-USDT | +0.0100% | 4h | 0.008325 | −0.096% | — | $1.2M | — | as long as short |
| Variational Omni GMT | +0.0100% | 8h | 0.008317 | −0.195% | $3K | $5K | — | as long as short |
BingX GMT-USDT
Variational Omni GMT