Funding you earn now, next payment 04:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.078%
Price spread now: Gate against Hyperliquid−0.118%7-day average −0.367% · 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)−0.243%−$24 · spread now −0.118%, 7d avg −0.367%
=Together, before fees−0.402%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.250% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.118% now, against its 7-day average of −0.367%): +$25 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GMX | 8.0595 | 0.0178 | pay 0.0022% / 1h | 57m 01s | $898K | $153K | 3x |
| Short | Gate GMX_USDT | 8.0500 | 0.0100 | get 0.0100% / 8h | 4h 57m | $198K | $73K | 33x |
Hyperliquid GMX
Gate GMX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$16.3
- Price spread: −0.118% → −0.367%
- $24.95
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$15.35
- Costs to cover
- 0.240%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 43 min ago; Gate: live order book, 59 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, 43 min ago | 2.86 bp | 23.5 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 59 min ago | 4.36 bp | 381.9 bp −$382 | 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 | 7.5600 | −6.198% | $4K | $4K | 5.5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0552 | −0.054% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0510 | −0.105% | $835K | $243K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0530 | −0.081% | $297K | $499K | 20x | as long as short |
| Gate GMX_USDTshort | +0.0100% | 8h | 8.0500 | −0.118% | $198K | $73K | 33x | |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0470 | −0.155% | $378K | $176K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0110 | −0.602% | $160K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0570 | −0.031% | $419K | $207K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0430 | −0.205% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0419 | −0.219% | $21K | $54K | — | as long as short |
Injective GMX/USDC PERP
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMXShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin GMX-USDT | +0.0108% | 8h | 8.0470 | −0.155% | $110K | $26K | 50x | as long as short |
| Hyperliquid GMXlong | +0.0178% | 1h | 8.0595 | long leg | $898K | $153K | 3x | |
| Kraken Futures PF_GMXUSD | +0.0194% | 1h | 8.0460 | −0.167% | $33K | $463 | 10x | as long as short |
| Lighter GMX | +0.0240% | 1h | 8.0734 | +0.172% | $77K | $90K | 5x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0369 | −0.280% | $394K | — | 100x | as long as short |
BloFin GMX-USDT
Kraken Futures PF_GMXUSD
Lighter GMX
GMX GMX/USD [GMX-USDC]