Funding you earn now, next payment 03:00 UTC−0.0069%/8h= −7.5% APRpaid last 24h −0.078%
Price spread now: OKX against Hyperliquid−0.129%7-day average −0.278% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.232%−$23 on $10k
+Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.129%, 7d avg −0.278%
=Together, before fees−0.123%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.150% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.129% now, against its 7-day average of −0.278%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GMX | 8.0904 | 0.0169 | pay 0.0021% / 1h | 17m 40s | $903K | $154K | 3x |
| Short | OKX GMX-USDT-SWAP | 8.0800 | 0.0100 | get 0.0100% / 8h | 5h 17m | $298K | $503K | 20x |
Hyperliquid GMX
OKX GMX-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$14.39
- Price spread: −0.129% → −0.278%
- $14.98
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$18.41
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 22 min ago; OKX: live order book, 43 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, 22 min ago | 2.86 bp | 23.5 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 43 min ago | 4.98 bp | 35.7 bp −$36 | 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 | 7.6100 | −5.938% | $4K | $4K | 5.5x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0803 | −0.125% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0790 | −0.141% | $839K | $245K | 20x | as long as short |
| OKX GMX-USDT-SWAPshort | +0.0100% | 8h | 8.0800 | −0.129% | $298K | $503K | 20x | |
| Gate GMX_USDT | +0.0100% | 8h | 8.0640 | −0.326% | $199K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0810 | −0.116% | $380K | $178K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0700 | −0.252% | $161K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0700 | −0.252% | $419K | $203K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0820 | −0.104% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0849 | −0.068% | $21K | $54K | — | as long as short |
Injective GMX/USDC PERP
Binance GMXUSDT
Bybit GMXUSDT
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 | +0.0105% | 8h | 8.0860 | −0.054% | $109K | $26K | 50x | as long as short |
| Hyperliquid GMXlong | +0.0169% | 1h | 8.0904 | long leg | $903K | $154K | 3x | |
| Kraken Futures PF_GMXUSD | +0.0304% | 1h | 8.0743 | −0.199% | $33K | $463 | 10x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0690 | −0.265% | $396K | — | 100x | as long as short |
| Lighter GMX | +0.0528% | 1h | 8.0950 | +0.057% | $77K | $90K | 5x | as long as short |
BloFin GMX-USDT
Kraken Futures PF_GMXUSD
GMX GMX/USD [GMX-USDC]
Lighter GMX