Funding you earn now, next payment 03:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.18 per $10,000 · paid last 24h +0.071%
Price spread now: Hyperliquid against GMX+0.020%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 airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.020% dearer against GMX than usual: you sell high and buy low: +$2 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 | GMX SKY/USD [ETH-USDC] | 0.06954 | L +0.0525% / S −0.0248% | pay 0.0066% / 1h | 18m 52s | $82K | — | 50x |
| Short | Hyperliquid SKY | 0.06955 | 0.0672 | get 0.0084% / 1h | 18m 52s | $2.9M | $926K | 3x |
GMX SKY/USD [ETH-USDC]
Hyperliquid SKYFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $30.92
- Price spread: +0.020% → 0.000%
- $2.01
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $11.93
- Costs to cover
- 0.210%
- Break-even
- 4.3 days
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 2 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, 2 min ago | 8.62 bp | 22.2 bp −$22 | 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.
SKY on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKY | −0.0293% | 4h | 0.06940 | −0.197% | $185K | $115K | — | as long as short |
| Injective SKY/USDC PERP | +0.0033% | 1h | 0.07172 | +3.136% | $392 | $303K | 12x | as long as short |
| Bybit SKYUSDT | +0.0041% | 4h | 0.06943 | −0.157% | $7.3M | $3.2M | 25x | as long as short |
| BloFin SKY-USDT | +0.0083% | 4h | 0.06945 | −0.128% | $587K | $29K | 75x | as long as short |
| Lighter SKY | +0.0096% | 1h | 0.06949 | −0.068% | $181K | $177K | 10x | as long as short |
| Nado SKY-PERP | +0.0100% | 1h | 0.06947 | −0.103% | $74K | $30K | 5x | as long as short |
| Aster SKYUSDT | +0.0100% | 4h | 0.06954 | +0.004% | $42K | $43K | 20x | as long as short |
| Binance SKYUSDT | +0.0100% | 4h | 0.06945 | −0.121% | $15.8M | $10.9M | 75x | as long as short |
| OKX SKY-USDT-SWAP | +0.0100% | 4h | 0.06926 | −0.401% | $830K | $1.2M | 20x | as long as short |
| Gate SKY_USDT | +0.0100% | 4h | 0.06946 | −0.114% | $604K | $285K | 50x | as long as short |
Variational Omni SKY
Injective SKY/USDC PERP
Bybit SKYUSDT
BloFin SKY-USDT
Lighter SKY
Nado SKY-PERP
Aster SKYUSDT
Binance SKYUSDT
OKX SKY-USDT-SWAP
Gate SKY_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKY_USDT | +0.0100% | 4h | 0.06946 | −0.114% | $1.1M | $272K | 100x | as long as short |
| KuCoin SKYUSDTM | +0.0100% | 4h | 0.06942 | −0.171% | $408K | $292K | 50x | as long as short |
| Bitget SKYUSDT | +0.0100% | 4h | 0.06942 | −0.171% | $2.9M | $1.5M | 75x | as long as short |
| BingX SKY-USDT | +0.0100% | 4h | 0.06943 | −0.157% | — | $2.4M | — | as long as short |
| ApeX Omni SKYUSDT | +0.0100% | 1h | 0.06953 | −0.013% | $28K | $663K | 50x | as long as short |
| Orderly PERP_SKY_USDC_mythos | +0.0100% | 4h | 0.06954 | −0.004% | $1K | $3K | 10x | as long as short |
| GMX SKY/USD [ETH-USDC]long | L +0.0525% / S −0.0248% | 1h | 0.06954 | long leg | $82K | — | 50x | |
| Hyperliquid SKYshort | +0.0672% | 1h | 0.06955 | +0.020% | $2.9M | $926K | 3x |
MEXC SKY_USDT
KuCoin SKYUSDTM
Bitget SKYUSDT
BingX SKY-USDT
ApeX Omni SKYUSDT
Orderly PERP_SKY_USDC_mythos