Funding you earn now, next payment 02:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.073%
Price spread now: Hyperliquid against OKX+0.186%7-day average +0.278% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.224%+$22 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.186%, 7d avg +0.278%
=Together, before fees+0.161%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.092% cheaper against OKX than usual: you would sell low and buy high (spread +0.186% now, against its 7-day average of +0.278%). If the spread goes back, that is −$9 on $10k: about 4.2 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 | OKX GMX-USDT-SWAP | 8.0280 | 0.0100 | pay 0.0100% / 8h | 6h 55m | $294K | $522K | 20x |
| Short | Hyperliquid GMX | 8.0429 | 0.0173 | get 0.0022% / 1h | 55m 03s | $918K | $170K | 3x |
OKX GMX-USDT-SWAP
Hyperliquid GMXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against OKX. 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
- $15.29
- Price spread: +0.186% → +0.278%
- −$9.25
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$12.96
- Costs to cover
- 0.190%
- Break-even
- 12.9 days
Slippage unknown: OKX: live order book, 11 min ago; Hyperliquid: live order book, 65 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 OKX live order book, 11 min ago | 7.39 bp | 39.1 bp −$39 | 8197.2 bp −$82.0K | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 65 min ago | 1.04 bp | doesn't fit | 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 | 7.5600 | −5.830% | $4K | $4K | 5.5x | as long as short |
| Kraken Futures PF_GMXUSD | −0.0548% | 1h | 8.0313 | +0.042% | $33K | $600 | 10x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0320 | +0.050% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0310 | +0.037% | $838K | $260K | 20x | as long as short |
| OKX GMX-USDT-SWAPlong | +0.0100% | 8h | 8.0280 | long leg | $294K | $522K | 20x | |
| Gate GMX_USDT | +0.0100% | 8h | 8.0170 | −0.137% | $198K | $78K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0300 | +0.025% | $395K | $176K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0680 | +0.498% | $182K | $37K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0250 | −0.037% | $401K | $207K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0290 | +0.012% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
Kraken Futures PF_GMXUSD
Binance GMXUSDT
Bybit GMXUSDT
Gate GMX_USDT
MEXC GMX_USDT
KuCoin GMXUSDTM
Bitget GMXUSDT
BingX GMX-USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GMX | +0.0100% | 8h | 8.0283 | +0.003% | $21K | $54K | — | as long as short |
| Lighter GMX | +0.0120% | 1h | 8.0470 | +0.237% | $76K | $92K | 5x | as long as short |
| BloFin GMX-USDT | +0.0125% | 8h | 8.0620 | +0.424% | $110K | $26K | 50x | as long as short |
| Hyperliquid GMXshort | +0.0173% | 1h | 8.0429 | +0.186% | $918K | $170K | 3x | |
| GMX GMX/USD [GMX-USDC] | L +0.0416% / S −0.0141% | 1h | 8.0193 | −0.108% | $393K | — | 100x | as long as short |
Variational Omni GMX
Lighter GMX
BloFin GMX-USDT
GMX GMX/USD [GMX-USDC]