Funding you earn now, next payment 00:00 UTC−0.0369%/8h= −40.4% APRnext payment −$0.46 per $10,000 · paid last 24h −0.069%
Price spread now: GMX against Hyperliquid−0.156%7-day average −0.086% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.078%−$8 on $10k
+Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.156%, 7d avg −0.086%
=Together, before fees−0.065%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and GMX is 0.070% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.086%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.078% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.46 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid SUI | 1.0363 | 0.0678 | pay 0.0085% / 1h | 31m 38s | $74.8M | $80.9M | 10x |
| Short | GMX SUI/USD [ETH-USDC] | 1.0346 | L +0.0640% / S −0.0309% | get 0.0039% / 1h | 31m 38s | $903K | — | 100x |
Hyperliquid SUI
GMX SUI/USD [ETH-USDC]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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$77.42
- Price spread: −0.156% → −0.086%
- −$6.97
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$105.39
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 12 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, 12 min ago | 0.48 bp | 6.1 bp −$6 | 10.9 bp −$109 | 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.
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 | −0.3474% | 1h | 1.0261 | −0.980% | $42K | $123K | 12x | as long as short |
| Reya SUIRUSDPERP | −0.0369% | 1h | 1.0341 | −0.210% | $4K | $3K | 20x | as long as short |
| Hibachi SUI/USDT-P | −0.0336% | 1h | 1.0350 | −0.123% | $6K | $19K | 7x | as long as short |
| Bluefin SUI-PERP | −0.0023% | 1h | 1.0329 | −0.324% | $592K | $407K | 25x | as long as short |
| dYdX SUI-USD | 0.0000% | 1h | 1.0353 | −0.090% | $102K | $129K | 10x | as long as short |
| Kalshi KXSUIPERP | 0.0000% | 8h | 1.0349 | −0.134% | $463K | $5.3M | 2.5x | as long as short |
| Deribit SUI_USDC-PERPETUAL | 0.0000% | 1h | 1.0347 | −0.151% | $201K | $581K | 25x | as long as short |
| gTrade (Gains Network) SUI/USD | L +0.0003% / S −0.0002% | 1h | 1.0347 | −0.155% | $119K | — | 150x | as long as short |
| Lighter SUI | +0.0096% | 1h | 1.0353 | −0.097% | $793K | $5.9M | 10x | as long as short |
| Lighter RH SUI | +0.0096% | 1h | 1.0354 | −0.078% | $262K | $2.0M | 10x | as long as short |
Injective SUI/USDC PERP
Reya SUIRUSDPERP
Hibachi SUI/USDT-P
Bluefin SUI-PERP
dYdX SUI-USD
Kalshi KXSUIPERP
Deribit SUI_USDC-PERPETUAL
gTrade (Gains Network) SUI/USD
Lighter SUI
Lighter RH SUIShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange SUIUSD | +0.0096% | 1h | 1.0350 | −0.122% | $9K | $9K | 10x | as long as short |
| Popdex SUIUSDT | +0.0096% | 1h | 1.0344 | −0.179% | $40K | $495K | 50x | as long as short |
| Orderly PERP_SUI_USDC | +0.0099% | 8h | 1.0342 | −0.199% | $46K | $329K | 20x | as long as short |
| Paradex SUI-USD-PERP | +0.0100% | 8h | 1.0348 | −0.138% | $27K | $9K | 30x | as long as short |
| Nado SUI-PERP | +0.0100% | 1h | 1.0344 | −0.179% | $599K | $1.4M | 10x | as long as short |
| Aster SUIUSDT | +0.0100% | 8h | 1.0349 | −0.129% | $1.0M | $4.6M | 75x | as long as short |
| Pacifica SUI | +0.0100% | 1h | 1.0352 | −0.103% | $225K | $260K | 10x | as long as short |
| Binance SUIUSDT | +0.0100% | 8h | 1.0350 | −0.120% | $152.2M | $1.03B | 75x | as long as short |
| Bybit SUIUSDT | +0.0100% | 8h | 1.0351 | −0.112% | $103.5M | $306.7M | 50x | as long as short |
| OKX SUI-USDT-SWAP | +0.0100% | 8h | 1.0344 | −0.179% | $41.4M | $386.6M | 50x | as long as short |
| Arcus SUI-USD | +0.0100% | 1h | 1.0350 | −0.122% | $46K | $387K | 10x | as long as short |
| Bulk SUI-USD | +0.0100% | 1h | 1.0352 | −0.102% | $243K | $2K | 10x | as long as short |
| Gate SUI_USDT | +0.0100% | 8h | 1.0347 | −0.151% | $165.6M | $81.2M | 50x | as long as short |
| MEXC SUI_USDT | +0.0100% | 8h | 1.0349 | −0.131% | $149.6M | $290.6M | 300x | as long as short |
| KuCoin SUIUSDTM | +0.0100% | 8h | 1.0347 | −0.151% | $51.7M | $52.2M | 75x | as long as short |
| Bitget SUIUSDT | +0.0100% | 8h | 1.0344 | −0.179% | $67.9M | $167.8M | 75x | as long as short |
| BingX SUI-USDT | +0.0100% | 8h | 1.0348 | −0.141% | — | $81.7M | — | as long as short |
| Backpack SUI_USDC_PERP | +0.0100% | 1h | 1.0347 | −0.151% | $655K | $1.1M | 20x | as long as short |
| Variational Omni SUI | +0.0100% | 8h | 1.0329 | −0.321% | $2.3M | $2.8M | — | as long as short |
| edgeX SUIUSDC | +0.0100% | 4h | 1.0354 | −0.086% | $168K | $4.4M | 20x | as long as short |
| GRVT SUI_USDT_Perp | +0.0100% | 8h | 1.0339 | −0.229% | $454K | $7.0M | 10x | as long as short |
| ApeX Omni SUIUSDT | +0.0100% | 1h | 1.0326 | −0.353% | $234K | $442K | 50x | as long as short |
| Polymarket Perps SUI-USD | +0.0100% | 1h | 1.0352 | −0.102% | $108K | $775K | 10x | as long as short |
| SunX SUI-USDT | +0.0100% | 8h | 1.0359 | −0.035% | $2K | $1.9M | 30x | as long as short |
| SoDEX SUI-USD | +0.0100% | 1h | 1.0345 | −0.170% | $6K | $2.4M | 10x | as long as short |
| HTX SUI-USDT | +0.0100% | 8h | 1.0345 | −0.170% | $643K | $18.5M | 75x | as long as short |
| Phemex SUIUSDT | +0.0100% | 8h | 1.0343 | −0.189% | $11.6M | $24.9M | 50x | as long as short |
| Extended SUI-USD | +0.0104% | 1h | 1.0345 | −0.173% | $1.4M | $3.8M | 50x | as long as short |
| Aevo SUI-PERP | +0.0104% | 1h | 1.0346 | −0.158% | $49K | $37K | 3x | as long as short |
| BloFin SUI-USDT | +0.0220% | 8h | 1.0336 | −0.257% | $8.0M | $24.2M | 100x | as long as short |
| Coinbase International SUI-PERP-INTX | +0.0224% | 1h | 1.0332 | −0.295% | $982K | $13.9M | 50x | as long as short |
| Kraken Futures PF_SUIUSD | +0.0273% | 1h | 1.0350 | −0.121% | $7.2M | $24.1M | 50x | as long as short |
| Phoenix SUI | +0.0327% | 1h | 1.0352 | −0.106% | $205K | $593K | 10x | as long as short |
| GMX SUI/USD [ETH-USDC]short | L +0.0640% / S −0.0309% | 1h | 1.0346 | −0.156% | $903K | — | 100x | |
| Hyperliquid SUIlong | +0.0678% | 1h | 1.0363 | long leg | $74.8M | $80.9M | 10x | |
| Aftermath Perps SUIUSD | +0.0843% | 1h | 1.0354 | −0.082% | $94K | $382K | 10x | as long as short |
01 Exchange SUIUSD
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
Bulk SUI-USD
Gate SUI_USDT
MEXC SUI_USDT
KuCoin SUIUSDTM
Bitget SUIUSDT
BingX SUI-USDT
Backpack SUI_USDC_PERP
Variational Omni SUI
edgeX SUIUSDC
GRVT SUI_USDT_Perp
ApeX Omni SUIUSDT
Polymarket Perps SUI-USD
SunX SUI-USDT
SoDEX SUI-USD
HTX SUI-USDT
Phemex SUIUSDT
Extended SUI-USD
Aevo SUI-PERP
BloFin SUI-USDT
Coinbase International SUI-PERP-INTX
Kraken Futures PF_SUIUSD
Phoenix SUI
Aftermath Perps SUIUSD