Funding you earn now, next payment 00:00 UTC+0.1207%/8h= +132.2% APRnext payment +$1.51 per $10,000 · paid last 24h +0.311%
Price spread now: Hyperliquid against Kraken Futures+0.076%7-day average — · you sell dearer than you buy
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
Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Hyperliquid is 0.076% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_GMXUSD | 8.0945 | −0.1107 | get 0.0138% / 1h | 28m 44s | $33K | $581 | 10x |
| Short | Hyperliquid GMX | 8.1006 | 0.0100 | get 0.0013% / 1h | 28m 44s | $926K | $170K | 3x |
Kraken Futures PF_GMXUSD
Hyperliquid GMXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kraken Futures. 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
- $253.45
- Price spread: +0.076% → 0.000%
- $7.58
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $242.04
- Costs to cover
- 0.190%
- Break-even
- 0.3 days
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 41 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 41 min ago | 2.04 bp | 25.2 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
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 | 7.6300 | −5.738% | $4K | $5K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSDlong | −0.1107% | 1h | 8.0945 | long leg | $33K | $581 | 10x | |
| Lighter GMX | +0.0096% | 1h | 8.1055 | +0.136% | $77K | $93K | 5x | as long as short |
| Hyperliquid GMXshort | +0.0100% | 1h | 8.1006 | +0.076% | $926K | $170K | 3x | |
| Binance GMXUSDT | +0.0100% | 8h | 8.0884 | −0.075% | $2.3M | $2.0M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0860 | −0.105% | $842K | $268K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0920 | −0.030% | $295K | $547K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0870 | −0.092% | $201K | $79K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0880 | −0.080% | $405K | $173K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0940 | −0.006% | $183K | $39K | 30x | as long as short |
Injective GMX/USDC PERP
Lighter GMX
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 | 8.0810 | −0.166% | $405K | $203K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0860 | −0.105% | — | $2.3M | — | as long as short |
| Variational Omni GMX | +0.0100% | 8h | 8.0841 | −0.128% | $21K | $55K | — | as long as short |
| BloFin GMX-USDT | +0.0117% | 8h | 8.0980 | +0.044% | $110K | $31K | 50x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.0935 | −0.012% | $397K | — | 100x | as long as short |
Bitget GMXUSDT
BingX GMX-USDT
Variational Omni GMX
BloFin GMX-USDT
GMX GMX/USD [GMX-USDC]