Funding you earn now, next payment 02:00 UTC+0.0055%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.029%
Price spread now: Hyperliquid against Lighter−0.066%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm boardneeds both histories
Funding pays, the price is against you. Hyperliquid is 0.066% cheaper against Lighter than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.0 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 | Lighter GMX | 8.0644 | 0.0584 | pay 0.0073% / 1h | 9m 12s | $77K | $92K | 5x |
| Short | Hyperliquid GMX | 8.0591 | 0.0639 | get 0.0080% / 1h | 9m 12s | $917K | $144K | 3x |
Lighter GMX
Hyperliquid GMXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter. 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
- $11.63
- Price spread: −0.066% → 0.000%
- −$6.57
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$3.94
- Costs to cover
- 0.090%
- Break-even
- 9.4 days
Slippage unknown: Lighter: 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 Lighter no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 41 min ago | 0.68 bp | 16.0 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
Lighter: 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 14 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 | 7.5800 | −6.007% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0547% | 1h | 8.0467 | −0.219% | $33K | $600 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0476 | −0.208% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0480 | −0.203% | $840K | $255K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0460 | −0.228% | $296K | $521K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0600 | −0.055% | $199K | $78K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0500 | −0.179% | $379K | $181K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0720 | +0.094% | $182K | $31K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0420 | −0.278% | $405K | $205K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0460 | −0.228% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0521 | −0.153% | $21K | $54K | — | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0141% | 1h | 8.0393 | −0.311% | $394K | — | 100x | as long as short |
| Lighter GMXlong | +0.0584% | 1h | 8.0644 | long leg | $77K | $92K | 5x | |
| Hyperliquid GMXshort | +0.0639% | 1h | 8.0591 | −0.066% | $917K | $144K | 3x |
Variational Omni GMX
GMX GMX/USD [GMX-USDC]