S

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0189%/8h= −20.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.075%

Price spread now: GMX against Hyperliquid+0.171%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on GMX

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

The price spread pays, funding is against you. GMX is 0.171% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.171% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid S	0.03925	0.0002	pay 0.0000% / 1h	55m 55s	$985K	$878K	5x
Short	GMX S/USD [WBTC.b-USDC]	0.03932	L −0.0193% / S +0.0186%	pay 0.0023% / 1h	55m 55s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now +0.171%Rate

Funding earned: −$39.6
Price spread: +0.171% → 0.000%: $17.07
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$43.53
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 54 min ago; GMX: no order-book sample. 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 Hyperliquid live order book, 54 min ago	1.40 bp	18.2 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Kraken Futures PF_SUSD	−0.1593%	1h	0.03923	−0.066%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−2.525%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0787%	4h	0.03914	−0.286%	$609K	$34K	—	as long as short
Deribit S_USDC-PERPETUAL	−0.0259%	1h	0.03931	+0.150%	$66K	$10K	10x	as long as short
GMX S/USD [WBTC.b-USDC]short	L −0.0193% / S +0.0186%	1h	0.03932	+0.171%	$1K	—	100x
01 Exchange SUSD	−0.0136%	1h	0.03920	−0.130%	$24K	$3K	5x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03922	−0.067%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03930	+0.135%	$606	—	150x	as long as short
Hyperliquid Slong	+0.0002%	1h	0.03925	long leg	$985K	$878K	5x
Orderly PERP_S_USDC	+0.0020%	4h	0.03926	+0.023%	$100K	$350K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.456%	$2K	$37K	12x	as long as short
Aster SUSDT	+0.0041%	4h	0.03926	+0.028%	$43K	$212K	10x	as long as short
Lighter S	+0.0096%	1h	0.03930	+0.125%	$165K	$222K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03923	−0.044%	$5.4M	$22.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03918	−0.181%	$5.6M	$6.2M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03923	−0.054%	$978K	$7.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03917	−0.206%	$320K	$265K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03924	−0.028%	$3.5M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03922	−0.079%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03924	−0.028%	$1.2M	$2.8M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03921	−0.104%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	−0.130%	$23K	$469K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03922	−0.069%	$221K	$883K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03918	−0.181%	$269K	$132K	75x	as long as short
Backpack S_USDC_PERP	+0.0477%	1h	0.03930	+0.125%	$114K	$298K	5x	as long as short