Funding you earn now, next payment 01:00 UTC−0.5100%/8h= −558.5% APRnext payment −$6.38 per $10,000 · paid last 24h −1.265%
Price spread now: Injective against Hyperliquid−6.071%93s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−4.963%−$496 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$153 a day on $10k at the current rate, and Injective is 6.071% cheaper against Hyperliquid than usual: you would sell low and buy high (−$607 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GMX | 8.1551 | 0.0100 | pay 0.0013% / 1h | 43m 46s | $932K | $167K | 3x |
| Short | Injective GMX/USDC PERP | 7.6600 | −0.5000 | pay 0.0625% / 1h | 43m 46s | $4K | $5K | 5.5x |
Hyperliquid GMX
Injective GMX/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$1,071
- Price spread: −6.071% → 0.000%
- −$607.1
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$1,687.12
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 16 min ago; Injective: no order-book sample. 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, 16 min ago | 1.04 bp | 22.0 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 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 PERPshort | −0.5000% | 1h | 7.6600 | −6.071% | $4K | $5K | 5.5x | |
| Kraken Futures PF_GMXUSD | −0.0607% | 1h | 8.1408 | −0.175% | $33K | $600 | 10x | as long as short |
| BloFin GMX-USDT | +0.0084% | 8h | 8.1440 | −0.136% | $110K | $31K | 50x | as long as short |
| Hyperliquid GMXlong | +0.0100% | 1h | 8.1551 | long leg | $932K | $167K | 3x | |
| Binance GMXUSDT | +0.0100% | 8h | 8.1450 | −0.124% | $2.3M | $2.0M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.1310 | −0.296% | $848K | $265K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.1400 | −0.185% | $298K | $548K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.1240 | −0.381% | $205K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.1460 | −0.112% | $401K | $173K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.1410 | −0.173% | $184K | $36K | 30x | as long as short |
Kraken Futures PF_GMXUSD
BloFin GMX-USDT
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GMXUSDT | +0.0100% | 8h | 8.1310 | −0.296% | $408K | $202K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.1370 | −0.222% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.1322 | −0.280% | $21K | $54K | — | as long as short |
| Lighter GMX | +0.0152% | 1h | 8.1738 | +0.229% | $78K | $93K | 5x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.1434 | −0.143% | $399K | — | 100x | as long as short |
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMX
Lighter GMX
GMX GMX/USD [GMX-USDC]