S

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0306%/8h= +33.5% APRnext payment +$0.38 per $10,000 · paid last 24h +0.099%

Price spread now: Hyperliquid against GMX−0.117%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

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 airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.117% cheaper against GMX than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 31 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX S/USD [WBTC.b-USDC]	0.04103	L −0.0206% / S +0.0198%	get 0.0026% / 1h	45m 38s	$1K	—	100x
Short	Hyperliquid S	0.04098	0.0100	get 0.0013% / 1h	45m 38s	$1.0M	$556K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee HyperliquidbpOrdersPrice spread, now −0.117%Rate

Funding earned: $64.24
Price spread: −0.117% → 0.000%: −$11.7
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $31.54
Costs to cover: 0.210%
Break-even: 3.6 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 5 min ago	3.05 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit

GMX: 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.

S on 25 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
01 Exchange SUSD	−1.0544%	1h	0.03940	−3.966%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1680%	1h	0.04089	−0.336%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−1.967%	$48K	$16K	25x	as long as short
Variational Omni S	−0.0306%	4h	0.04092	−0.266%	$634K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]long	L −0.0206% / S +0.0198%	1h	0.04103	long leg	$1K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.04098	−0.119%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04102	−0.027%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.066%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0064%	4h	0.04100	−0.066%	$102K	$333K	10x	as long as short
Lighter S	+0.0096%	1h	0.04101	−0.041%	$171K	$156K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid Sshort	+0.0100%	1h	0.04098	−0.117%	$1.0M	$556K	5x
Aster SUSDT	+0.0100%	4h	0.04096	−0.158%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04094	−0.212%	$5.7M	$14.0M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04089	−0.334%	$5.8M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04092	−0.261%	$1.0M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04094	−0.212%	$336K	$200K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04095	−0.188%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04091	−0.285%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04098	−0.115%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04094	−0.212%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04090	−0.310%	$25K	$451K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04093	−0.238%	$230K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04088	−0.358%	—	$111K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0725%	1h	0.04106	+0.080%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1488%	1h	0.04110	+0.178%	$121K	$359K	5x	as long as short