Funding you earn now, next payment 06:00 UTC+0.0225%/8h= +24.6% APRpaid last 24h +0.084%
Price spread now: Hyperliquid against Binance+0.057%7-day average +0.174% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.192%+$19 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.057%, 7d avg +0.174%
=Together, before fees+0.250%+ Points / potential airdropHyperliquid: Season 2 · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.117% cheaper against Binance than usual: you would sell low and buy high (spread +0.057% now, against its 7-day average of +0.174%). If the spread goes back, that is −$12 on $10k: about 42 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.192% in total) that is about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GMXUSDT | 8.0250 | 0.0100 | pay 0.0100% / 8h | 2h 00m | $2.3M | $1.8M | 50x |
| Short | Hyperliquid GMX | 8.0296 | 0.0325 | get 0.0041% / 1h | 0m 37s | $889K | $149K | 3x |
Binance GMXUSDT
Hyperliquid GMXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $47.2
- Price spread: +0.057% → +0.174%
- −$11.71
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $16.49
- Costs to cover
- 0.190%
- Break-even
- 4.6 days
Slippage unknown: Binance: live order book, 4 min ago; Hyperliquid: live order book, 10 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 Binance live order book, 4 min ago | 1.87 bp | 23.7 bp −$24 | 98.6 bp −$986 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 10 min ago | 0.93 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
GMX on 15 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective GMX/USDC PERP | −0.5000% | 1h | 7.5300 | −6.168% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | +0.0044% | 1h | 8.0216 | −0.042% | $33K | $463 | 10x | as long as short |
| Binance GMXUSDTlong | +0.0100% | 8h | 8.0250 | long leg | $2.3M | $1.8M | 50x | |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0210 | −0.050% | $824K | $244K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0220 | −0.037% | $294K | $432K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0100 | −0.187% | $195K | $71K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0210 | −0.050% | $377K | $179K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9760 | −0.611% | $158K | $56K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0190 | −0.075% | $415K | $192K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0200 | −0.062% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0225 | −0.031% | $21K | $53K | — | as long as short |
| BloFin GMX-USDT | +0.0129% | 8h | 8.0210 | −0.050% | $107K | $26K | 50x | as long as short |
| Hyperliquid GMXshort | +0.0325% | 1h | 8.0296 | +0.057% | $889K | $149K | 3x | |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0126 | −0.154% | $393K | — | 100x | as long as short |
| Lighter GMX | +0.0440% | 1h | 8.0415 | +0.206% | $76K | $89K | 5x | as long as short |
Variational Omni GMX
BloFin GMX-USDT
GMX GMX/USD [GMX-USDC]
Lighter GMX