Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.073%
Price spread now: Hyperliquid against Bybit+0.273%7-day average +0.198% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.319%+$32 on $10k
+Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.273%, 7d avg +0.198%
=Together, before fees+0.179%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 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 0.075% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.198%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GMXUSDT | 8.1320 | 0.0100 | pay 0.0100% / 8h | 7h 46m | $848K | $266K | 20x |
| Short | Hyperliquid GMX | 8.1542 | 0.0100 | get 0.0013% / 1h | 46m 38s | $932K | $167K | 3x |
Bybit GMXUSDT
Hyperliquid GMXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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: +0.273% → +0.198%
- $7.51
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$12.49
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 23 min ago; Hyperliquid: live order book, 14 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 Bybit live order book, 23 min ago | 6.18 bp | 52.3 bp −$52 | 165.4 bp −$1,654 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 14 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 | 7.6600 | −5.804% | $4K | $5K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0607% | 1h | 8.1407 | +0.106% | $33K | $600 | 10x | as long as short |
| Hyperliquid GMXshort | +0.0100% | 1h | 8.1542 | +0.273% | $932K | $167K | 3x | |
| Binance GMXUSDT | +0.0100% | 8h | 8.1345 | +0.031% | $2.3M | $2.0M | 50x | as long as short |
| Bybit GMXUSDTlong | +0.0100% | 8h | 8.1320 | long leg | $848K | $266K | 20x | |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.1310 | −0.012% | $297K | $549K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.1150 | −0.209% | $205K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.1440 | +0.148% | $400K | $173K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.1310 | −0.012% | $184K | $36K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.1300 | −0.025% | $408K | $203K | 50x | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance 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-USDT | +0.0100% | 8h | 8.1360 | +0.049% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.1312 | −0.009% | $21K | $55K | — | as long as short |
| BloFin GMX-USDT | +0.0112% | 8h | 8.1370 | +0.061% | $110K | $31K | 50x | as long as short |
| Lighter GMX | +0.0112% | 1h | 8.1709 | +0.478% | $78K | $93K | 5x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.1405 | +0.105% | $399K | — | 100x | as long as short |
BingX GMX-USDT
Variational Omni GMX
BloFin GMX-USDT
Lighter GMX
GMX GMX/USD [GMX-USDC]