Funding you earn now, next payment 02:00 UTC+0.0218%/8h= +23.9% APRnext payment +$0.27 per $10,000 · paid last 24h −0.009%
Price spread now: Hyperliquid against GMX+0.167%7-day average +0.169% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.125%−$13 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.167%, 7d avg +0.169%
=Together, before fees−0.145%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.169%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.125%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX GMX/USD [GMX-USDC] | 8.0393 | L +0.0417% / S −0.0141% | pay 0.0052% / 1h | 9m 05s | $394K | — | 100x |
| Short | Hyperliquid GMX | 8.0527 | 0.0635 | get 0.0079% / 1h | 9m 05s | $912K | $149K | 3x |
GMX GMX/USD [GMX-USDC]
Hyperliquid GMXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against GMX. 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
- $45.79
- Price spread: +0.167% → +0.169%
- −$0.25
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $24.54
- Costs to cover
- 0.210%
- Break-even
- 3.2 days
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 41 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 GMX no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 41 min ago | 0.68 bp | 16.0 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
GMX on 14 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 | 7.5800 | −5.713% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0547% | 1h | 8.0467 | +0.092% | $33K | $600 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0424 | +0.039% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0390 | −0.004% | $839K | $255K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0370 | −0.029% | $296K | $521K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0600 | +0.257% | $199K | $78K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0480 | +0.108% | $379K | $181K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0720 | +0.407% | $182K | $31K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0420 | +0.033% | $405K | $205K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0440 | +0.058% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0521 | +0.159% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC]long | L +0.0417% / S −0.0141% | 1h | 8.0393 | long leg | $394K | — | 100x | |
| Lighter GMX | +0.0584% | 1h | 8.0644 | +0.312% | $77K | $92K | 5x | as long as short |
| Hyperliquid GMXshort | +0.0635% | 1h | 8.0527 | +0.167% | $912K | $149K | 3x |
Variational Omni GMX
Lighter GMX