Funding you earn now, next payment 03:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.078%
Price spread now: Hyperliquid against Variational Omni+0.489%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.489% dearer against Variational Omni than usual: you sell high and buy low: +$49 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 | Variational Omni GMX | 8.0518 | 0.0100 | pay 0.0100% / 8h | 5h 22m | $21K | $54K | — |
| Short | Hyperliquid GMX | 8.0912 | 0.0187 | get 0.0023% / 1h | 22m 35s | $903K | $154K | 3x |
Variational Omni GMX
Hyperliquid GMXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Variational Omni. 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
- $18.18
- Price spread: +0.489% → 0.000%
- $48.87
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $58.05
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 18 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 Variational Omni no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 18 min ago | 2.86 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Variational Omni: 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 | 7.5900 | −5.736% | $4K | $4K | 5.5x | as long as short |
| BloFin GMX-USDT | +0.0099% | 8h | 8.0650 | +0.163% | $110K | $26K | 50x | as long as short |
| Binance GMXUSDT | +0.0100% | 8h | 8.0794 | +0.343% | $2.3M | $1.9M | 50x | as long as short |
| Bybit GMXUSDT | +0.0100% | 8h | 8.0830 | +0.387% | $840K | $245K | 20x | as long as short |
| OKX GMX-USDT-SWAP | +0.0100% | 8h | 8.0700 | +0.225% | $298K | $506K | 20x | as long as short |
| Gate GMX_USDT | +0.0100% | 8h | 8.0400 | −0.147% | $198K | $77K | 33x | as long as short |
| MEXC GMX_USDT | +0.0100% | 8h | 8.0780 | +0.325% | $380K | $178K | 125x | as long as short |
| KuCoin GMXUSDTM | +0.0100% | 8h | 8.0670 | +0.188% | $161K | $54K | 30x | as long as short |
| Bitget GMXUSDT | +0.0100% | 8h | 8.0700 | +0.225% | $419K | $203K | 50x | as long as short |
| BingX GMX-USDT | +0.0100% | 8h | 8.0670 | +0.188% | — | $2.3M | — | as long as short |
Injective GMX/USDC PERP
BloFin GMX-USDT
Binance GMXUSDT
Bybit GMXUSDT
OKX GMX-USDT-SWAP
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 GMXlong | +0.0100% | 8h | 8.0518 | long leg | $21K | $54K | — | |
| Hyperliquid GMXshort | +0.0187% | 1h | 8.0912 | +0.489% | $903K | $154K | 3x | |
| Kraken Futures PF_GMXUSD | +0.0304% | 1h | 8.0748 | +0.285% | $33K | $463 | 10x | as long as short |
| GMX GMX/USD [GMX-USDC] | L +0.0417% / S −0.0142% | 1h | 8.0686 | +0.209% | $396K | — | 100x | as long as short |
| Lighter GMX | +0.0520% | 1h | 8.0981 | +0.574% | $77K | $90K | 5x | as long as short |
Kraken Futures PF_GMXUSD
GMX GMX/USD [GMX-USDC]
Lighter GMX