Funding you earn now, next payment 02:00 UTC−0.0473%/8h= −51.8% APRnext payment −$0.59 per $10,000 · paid last 24h −0.019%
Price spread now: Hyperliquid against GMX+0.433%7-day average +0.089% · 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)−0.187%−$19 on $10k
+Price spread, last 3 days (all we have)−0.315%−$32 · spread now +0.433%, 7d avg +0.089%
=Together, before fees−0.502%+ Points / potential airdropHyperliquid: Season 2 · farm board−$50 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.344% dearer against GMX than usual: you sell high and buy low (spread +0.433% now, against its 7-day average of +0.089%): +$34 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 3 days (−0.187% in total) that is about 5.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SUI/USD [ETH-USDC] | 1.0440 | L +0.0618% / S −0.0265% | pay 0.0077% / 1h | 54m 12s | $955K | — | 100x |
| Short | Hyperliquid SUI | 1.0485 | 0.0145 | get 0.0018% / 1h | 54m 12s | $75.2M | $80.6M | 10x |
GMX SUI/USD [ETH-USDC]
Hyperliquid SUIFunding 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
- −$99.31
- Price spread: +0.433% → +0.089%
- $34.38
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$85.93
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 9 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, 9 min ago | 1.88 bp | 8.6 bp −$9 | 14.4 bp −$144 | 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.
SUI on 46 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 SUI/USDC PERP | −0.4499% | 1h | 1.0515 | +0.720% | $43K | $123K | 12x | as long as short |
| ApeX Omni SUIUSDT | −0.1997% | 1h | 1.0506 | +0.634% | $234K | $491K | 50x | as long as short |
| Hibachi SUI/USDT-P | −0.0512% | 1h | 1.0422 | −0.175% | $6K | $19K | 7x | as long as short |
| Reya SUIRUSDPERP | −0.0372% | 1h | 1.0431 | −0.089% | $4K | $3K | 20x | as long as short |
| Bluefin SUI-PERP | −0.0262% | 1h | 1.0435 | −0.046% | $597K | $418K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0432 | −0.071% | $95K | $171K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0423 | −0.162% | $552K | $5.0M | 2.5x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0003% | 1h | 1.0443 | +0.028% | $114K | — | 150x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0011% | 1h | 1.0467 | +0.261% | $7.0M | $24.9M | 50x | as long as short |
| Deribit SUI_USDC-PERPETUAL | +0.0037% | 1h | 1.0468 | +0.270% | $203K | $580K | 25x | as long as short |
Injective SUI/USDC PERP
ApeX Omni SUIUSDT
Hibachi SUI/USDT-P
Reya SUIRUSDPERP
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
gTrade (Gains Network) SUI/USD
Kraken Futures PF_SUIUSD
Deribit SUI_USDC-PERPETUALShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0048% | 1h | 1.0420 | −0.190% | $9K | $9K | 10x | as long as short |
| Backpack SUI_USDC_PERP | +0.0063% | 1h | 1.0471 | +0.298% | $677K | $1.2M | 20x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0464 | +0.233% | $815K | $5.5M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0465 | +0.239% | $280K | $2.1M | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0412 | −0.267% | $35K | $482K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0451 | +0.107% | $48K | $307K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0488 | +0.464% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0444 | +0.037% | $827K | $1.6M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0435 | −0.043% | $960K | $5.0M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0439 | −0.008% | $227K | $261K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0464 | +0.229% | $152.3M | $1.04B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0475 | +0.337% | $103.7M | $310.9M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0478 | +0.366% | $41.1M | $395.3M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0420 | −0.190% | $44K | $370K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0472 | +0.308% | $168.2M | $82.3M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0477 | +0.356% | $154.1M | $292.3M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0461 | +0.203% | $51.3M | $53.6M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0474 | +0.327% | $68.1M | $172.1M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0477 | +0.356% | — | $82.5M | — | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0431 | −0.086% | $2.4M | $3.2M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0490 | +0.477% | $171K | $4.6M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0461 | +0.207% | $456K | $7.5M | 10x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0447 | +0.069% | $120K | $735K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0473 | +0.318% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0464 | +0.231% | $6K | $2.2M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0442 | +0.021% | $662K | $19.6M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0462 | +0.212% | $11.7M | $25.3M | 50x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0504 | +0.616% | $247K | $3K | 10x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0455 | +0.141% | $1.5M | $4.1M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0465 | +0.241% | $40K | $16K | 3x | as long as short |
| Hyperliquid SUIshort | +0.0145% | 1h | 1.0485 | +0.433% | $75.2M | $80.6M | 10x | |
| Coinbase International SUI-PERP-INTX | +0.0152% | 1h | 1.0457 | +0.164% | $990K | $14.7M | 50x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0438 | −0.018% | $8.1M | $25.5M | 100x | as long as short |
| Phoenix SUI | +0.0299% | 1h | 1.0505 | +0.626% | $208K | $595K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC]long | L +0.0618% / S −0.0265% | 1h | 1.0440 | long leg | $955K | — | 100x | |
| Aftermath Perps SUIUSD | +0.0953% | 1h | 1.0517 | +0.743% | $79K | $382K | 10x | as long as short |
01 Exchange SUIUSD
Backpack SUI_USDC_PERP
Lighter SUI
Lighter RH SUI
Popdex SUIUSDT
Orderly PERP_SUI_USDC
Paradex SUI-USD-PERP
Nado SUI-PERP
Aster SUIUSDT
Pacifica SUI
Binance SUIUSDT
Bybit SUIUSDT
OKX SUI-USDT-SWAP
Arcus SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDT
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Bulk SUI-USD
Extended SUI-USD
Aevo SUI-PERP
Coinbase International SUI-PERP-INTX
BloFin SUI-USDT
Phoenix SUI
Aftermath Perps SUIUSD