Funding you earn now, next payment 11:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.086%
Price spread now: Hyperliquid against BloFin+0.665%87s7-day average +0.189% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$800.801% of the position
Funding, last 7 days+0.202%+$20 on $10k
+Price spread, last 4 days (all we have)−0.433%−$43 · spread now +0.665%, 7d avg +0.189%
=Together, before fees−0.231%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.476% dearer against BloFin than usual: you sell high and buy low: +$48 more if the spread goes back to its 7-day average of +0.189%. The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GMX-USDT | 8.0000 | 0.0082 | pay 0.0082% / 8h | 5h 31m | $106K | $26K | 50x |
| Short | Hyperliquid GMX | 8.0532 | 0.0100 | get 0.0013% / 1h | 31m 44s | $894K | $115K | 3x |
BloFin GMX-USDT
Hyperliquid GMXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BloFin. 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
- $3.75
- Price spread: +0.665% → +0.189%
- $47.61
- Slippage, 4 orders
- −$59.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$28.74
- Costs to cover
- 0.801%
- Break-even
- 60.7 days
Slippage from BloFin: live order book, 70 min ago; Hyperliquid: live order book, 11 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 BloFin live order book, 70 min ago | 1.88 bp | 16.0 bp −$16 | 51.0 bp −$510 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 1.06 bp | 18.8 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
GMX on 15 exchanges
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_GMXUSD | −0.0641% | 1h | 8.0193 | +0.241% | $33K | $480 | 10x | as long as short |
| BloFin GMX-USDTlong | +0.0082% | 8h | 8.0000 | long leg | $106K | $26K | 50x | |
| Lighter GMX | +0.0096% | 1h | 8.0490 | +0.612% | $76K | $84K | 5x | as long as short |
| Hyperliquid GMXshort | +0.0100% | 1h | 8.0532 | +0.665% | $894K | $115K | 3x | |
| Binance GMXUSDT | +0.0100% | 8h | 8.0386 | +0.482% | $2.3M | $1.6M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0340 | +0.425% | $827K | $214K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0230 | +0.287% | $289K | $297K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0260 | +0.325% | $194K | $62K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0380 | +0.475% | $380K | $137K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0020 | +0.025% | $165K | $43K | 30x | as long as short |
Kraken Futures PF_GMXUSD
Lighter GMX
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTMShow all 15 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMXUSDT | +0.0100% | 8h | 8.0360 | +0.450% | $412K | $160K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0350 | +0.438% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0305 | +0.381% | $21K | $45K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0602% / S −0.0189% | 1h | 8.0324 | +0.405% | $437K | — | 100x | as long as short |
| Injective GMX/USDC PERP | +0.0742% | 1h | 8.0100 | +0.125% | $4K | $3K | 5.5x | as long as short |
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMX
GMX GMX/USD [GMX-USDC]
Injective GMX/USDC PERP