Funding you earn now, next payment 08:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.10 per $10,000 · paid last 24h −0.274%
Price spread now: Kraken Futures against Hyperliquid−0.172%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding pays, the price is against you. Kraken Futures is 0.172% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 7.1 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GMX | 8.0031 | 0.0344 | pay 0.0043% / 1h | 23m 41s | $887K | $135K | 3x |
| Short | Kraken Futures PF_GMXUSD | 7.9893 | 0.0425 | get 0.0053% / 1h | 23m 41s | $33K | $463 | 10x |
Hyperliquid GMX
Kraken Futures PF_GMXUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $17.01
- Price spread: −0.172% → 0.000%
- −$17.18
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$19.17
- Costs to cover
- 0.190%
- Break-even
- 14.9 days
Slippage unknown: Hyperliquid: live order book, 36 min ago; Kraken Futures: 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, 36 min ago | 2.87 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: 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 PERP | −0.5000% | 1h | 7.5300 | −5.911% | $4K | $3K | 5.5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 7.9880 | −0.189% | $2.3M | $1.7M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 7.9910 | −0.151% | $815K | $236K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 7.9900 | −0.164% | $289K | $379K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 7.9780 | −0.314% | $194K | $66K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 7.9890 | −0.176% | $373K | $169K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 7.9800 | −0.289% | $160K | $57K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 7.9890 | −0.176% | $411K | $186K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 7.9900 | −0.164% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 7.9860 | −0.213% | $21K | $53K | — | 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-USDT
Variational Omni GMXShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin GMX-USDT | +0.0119% | 8h | 7.9900 | −0.164% | $107K | $26K | 50x | as long as short |
| Lighter GMX | +0.0168% | 1h | 8.0042 | +0.014% | $76K | $89K | 5x | as long as short |
| Hyperliquid GMXlong | +0.0344% | 1h | 8.0031 | long leg | $887K | $135K | 3x | |
| Kraken Futures PF_GMXUSDshort | +0.0425% | 1h | 7.9893 | −0.172% | $33K | $463 | 10x | |
| GMX GMX/USD [GMX-USDC] | L +0.0455% / S −0.0142% | 1h | 7.9837 | −0.242% | $392K | — | 100x | as long as short |
BloFin GMX-USDT
Lighter GMX
GMX GMX/USD [GMX-USDC]