Funding you earn now, next payment 04:00 UTC−0.0306%/8h= −33.5% APRpaid last 24h −0.070%
Price spread now: BloFin against Hyperliquid−0.245%47s7-day average −0.194% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.245%, 7d avg −0.194%
=Together, before fees−0.163%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.051% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.194%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.174% in total (about -9.1% 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 | Hyperliquid GMX | 8.0878 | 0.0386 | pay 0.0048% / 1h | 30m 34s | $898K | $149K | 3x |
| Short | BloFin GMX-USDT | 8.0680 | 0.0080 | get 0.0080% / 8h | 4h 30m | $109K | $26K | 50x |
Hyperliquid GMX
BloFin GMX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$64.21
- Price spread: −0.245% → −0.194%
- −$5.09
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$90.3
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 70 min ago; BloFin: live order book, 61 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, 70 min ago | 2.86 bp | 23.5 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 61 min ago | 6.19 bp | 27.5 bp −$28 | 78.1 bp −$781 | 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 | 7.5600 | −6.526% | $4K | $4K | 5.5x | as long as short |
| BloFin GMX-USDTshort | +0.0080% | 8h | 8.0680 | −0.245% | $109K | $26K | 50x | |
| Binance GMXUSDT | +0.0100% | 8h | 8.0800 | −0.096% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0740 | −0.171% | $832K | $246K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0700 | −0.220% | $297K | $497K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0500 | −0.467% | $198K | $73K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0830 | −0.059% | $379K | $177K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0310 | −0.702% | $159K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0770 | −0.134% | $419K | $207K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0660 | −0.270% | — | $2.3M | — | 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
BingX GMX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0656 | −0.275% | $21K | $54K | — | as long as short |
| Kraken Futures PF_GMXUSD | +0.0194% | 1h | 8.0632 | −0.305% | $33K | $463 | 10x | as long as short |
| Lighter GMX | +0.0280% | 1h | 8.0918 | +0.049% | $77K | $90K | 5x | as long as short |
| Hyperliquid GMXlong | +0.0386% | 1h | 8.0878 | long leg | $898K | $149K | 3x | |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0613 | −0.328% | $395K | — | 100x | as long as short |
Variational Omni GMX
Kraken Futures PF_GMXUSD
Lighter GMX
GMX GMX/USD [GMX-USDC]