Funding you earn now, next payment 02:00 UTC+0.0306%/8h= +33.5% APRpaid last 24h +0.073%
Price spread now: Hyperliquid against BingX+0.206%7-day average +0.227% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.206%, 7d avg +0.227%
=Together, before fees+0.149%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.021% cheaper against BingX than usual: you would sell low and buy high (spread +0.206% now, against its 7-day average of +0.227%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.152% in total) that is about 23 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.152% in total (about 7.9% a year). A funding rate is set anew for every payment. 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 | BingX GMX-USDT | 8.0480 | 0.0100 | pay 0.0100% / 8h | 6h 57m | — | $2.3M | — |
| Short | Hyperliquid GMX | 8.0646 | 0.0406 | get 0.0051% / 1h | 57m 05s | $920K | $170K | 3x |
BingX GMX-USDT
Hyperliquid GMXFunding 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
- $64.31
- Price spread: +0.206% → +0.227%
- −$2.11
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $43.2
- Costs to cover
- 0.190%
- Break-even
- 2.3 days
Slippage unknown: BingX: live order book, 6 min ago; Hyperliquid: live order book, 63 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 BingX live order book, 6 min ago | 6.79 bp | 28.8 bp −$29 | 64.2 bp −$642 | 427.4 bp −$42.7K | 492.8 bp −$246.4K |
| Sell Hyperliquid live order book, 63 min ago | 1.04 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 | 7.5900 | −5.691% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0546% | 1h | 8.0590 | +0.137% | $33K | $600 | 10x | as long as short |
| BloFin GMX-USDT | +0.0075% | 8h | 8.0620 | +0.174% | $110K | $26K | 50x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0610 | +0.162% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0520 | +0.050% | $840K | $260K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0510 | +0.037% | $295K | $522K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0290 | −0.236% | $201K | $76K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0510 | +0.037% | $416K | $174K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0870 | +0.485% | $183K | $36K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0520 | +0.050% | $402K | $207K | 50x | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
BloFin GMX-USDT
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GMX-USDTlong | +0.0100% | 8h | 8.0480 | long leg | — | $2.3M | — | |
| Variational Omni GMX | +0.0100% | 8h | 8.0791 | +0.386% | $21K | $54K | — | as long as short |
| Hyperliquid GMXshort | +0.0406% | 1h | 8.0646 | +0.206% | $920K | $170K | 3x | |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.0535 | +0.069% | $394K | — | 100x | as long as short |
| Lighter GMX | +0.0528% | 1h | 8.0784 | +0.378% | $77K | $92K | 5x | as long as short |
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Lighter GMX