Funding you earn now, next payment 03:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.078%
Price spread now: BingX against Hyperliquid−0.151%7-day average −0.226% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.151%, 7d avg −0.226%
=Together, before fees−0.290%+ Points / potential airdropHyperliquid: Season 2 · farm board−$29 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.075% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.151% now, against its 7-day average of −0.226%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GMX | 8.0922 | 0.0174 | pay 0.0022% / 1h | 20m 19s | $903K | $154K | 3x |
| Short | BingX GMX-USDT | 8.0800 | 0.0100 | get 0.0100% / 8h | 5h 20m | — | $2.3M | — |
Hyperliquid GMX
BingX GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Hyperliquid. 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
- −$15.51
- Price spread: −0.151% → −0.226%
- $7.53
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$26.98
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 20 min ago; BingX: live order book, 3 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 Hyperliquid live order book, 20 min ago | 2.86 bp | 23.5 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 3.72 bp | 35.5 bp −$35 | 96.9 bp −$969 | 461.6 bp −$46.2K | 512.5 bp −$256.3K |
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 | 7.6100 | −5.959% | $4K | $4K | 5.5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0780 | −0.175% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0790 | −0.163% | $840K | $245K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0800 | −0.151% | $299K | $502K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0670 | −0.311% | $199K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0860 | −0.077% | $380K | $178K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0700 | −0.274% | $161K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0760 | −0.200% | $420K | $203K | 50x | as long as short |
| BingX GMX-USDTshort | +0.0100% | 8h | 8.0800 | −0.151% | — | $2.3M | — | |
| Variational Omni GMX | +0.0100% | 8h | 8.0849 | −0.090% | $21K | $54K | — | as long as short |
Injective GMX/USDC PERP
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
Variational Omni GMXShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin GMX-USDT | +0.0124% | 8h | 8.0820 | −0.126% | $110K | $26K | 50x | as long as short |
| Hyperliquid GMXlong | +0.0174% | 1h | 8.0922 | long leg | $903K | $154K | 3x | |
| Kraken Futures PF_GMXUSD | +0.0304% | 1h | 8.0815 | −0.133% | $33K | $463 | 10x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0739 | −0.226% | $396K | — | 100x | as long as short |
| Lighter GMX | +0.0536% | 1h | 8.0965 | +0.053% | $77K | $90K | 5x | as long as short |
BloFin GMX-USDT
Kraken Futures PF_GMXUSD
GMX GMX/USD [GMX-USDC]
Lighter GMX