Funding you earn now, next payment 22:00 UTC+0.2739%/8h= +299.9% APRnext payment +$3.42 per $10,000 · paid last 24h +4.355%
Price spread now: GMX against Hyperliquid+0.031%56s7-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 +$82 a day on $10k at the current rate, and GMX is 0.031% dearer against Hyperliquid than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid WLFI | 0.05715 | 0.0100 | pay 0.0013% / 1h | 37m 32s | $10.5M | $1.2M | 5x |
| Short | GMX WLFI/USD [ETH-USDC] | 0.05717 | L +0.0383% / S −0.2839% | get 0.0355% / 1h | 37m 32s | $14K | — | 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $575.17
- Price spread: +0.031% → 0.000%
- $3.15
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $557.32
- Costs to cover
- 0.210%
- Break-even
- 0.2 days
Slippage unknown: Hyperliquid: live order book, 5 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, 5 min ago | 0.44 bp | 10.9 bp −$11 | 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.
WLFI on 32 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_WLFIUSD | −0.0590% | 1h | 0.05718 | +0.050% | $73K | $88K | 20x | as long as short |
| Aster WLFIUSDT | −0.0254% | 4h | 0.05716 | +0.023% | $1.6M | $568K | 20x | as long as short |
| Lighter WLFI | −0.0224% | 1h | 0.05712 | −0.047% | $941K | $367K | 5x | as long as short |
| Injective WLFI/USDC PERP | −0.0018% | 1h | 0.05722 | +0.128% | $6K | $64K | 5.5x | as long as short |
| OKX WLFI-USDT-SWAP | −0.0011% | 4h | 0.05714 | −0.012% | $7.5M | $12.4M | 50x | as long as short |
| dYdX WLFI-USD | 0.0000% | 1h | 0.05720 | +0.100% | $11K | $970 | 5x | as long as short |
| Reya WLFIRUSDPERP | 0.0000% | 1h | 0.06045 | +5.788% | — | — | — | as long as short |
| Deribit WLFI_USDC-PERPETUAL | 0.0000% | 1h | 0.05720 | +0.093% | $10K | $624 | 10x | as long as short |
| gTrade (Gains Network) WLFI/USD | L +0.0005% / S −0.0005% | 1h | 0.05719 | +0.084% | $313 | — | 150x | as long as short |
| Paradex WLFI-USD-PERP | +0.0039% | 8h | 0.05720 | +0.096% | $2K | $108 | 5x | as long as short |
Show all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange WLFIUSD | +0.0040% | 1h | 0.05721 | +0.110% | $4K | $319 | 3x | as long as short |
| Gate WLFI_USDT | +0.0070% | 4h | 0.05716 | +0.023% | $3.4M | $2.8M | 75x | as long as short |
| Variational Omni WLFI | +0.0100% | 4h | 0.05709 | −0.108% | $441K | $30K | — | as long as short |
| Nado WLFI-PERP | +0.0100% | 1h | 0.05714 | −0.006% | $79K | $28K | 5x | as long as short |
| Hyperliquid WLFIlong | +0.0100% | 1h | 0.05715 | long leg | $10.5M | $1.2M | 5x | |
| Pacifica WLFI | +0.0100% | 1h | 0.05716 | +0.016% | $243K | $10K | 5x | as long as short |
| Binance WLFIUSDT | +0.0100% | 4h | 0.05720 | +0.093% | $136.8M | $38.7M | 75x | as long as short |
| Bybit WLFIUSDT | +0.0100% | 4h | 0.05711 | −0.065% | $20.4M | $16.8M | 75x | as long as short |
| Arcus WLFI-USD | +0.0100% | 1h | 0.05722 | +0.124% | $1K | $10 | 5x | as long as short |
| MEXC WLFI_USDT | +0.0100% | 4h | 0.05718 | +0.058% | $14.3M | $20.8M | 100x | as long as short |
| KuCoin WLFIUSDTM | +0.0100% | 4h | 0.05717 | +0.040% | $3.2M | $936K | 75x | as long as short |
| Bitget WLFIUSDT | +0.0100% | 4h | 0.05720 | +0.093% | $8.0M | $3.0M | 75x | as long as short |
| BingX WLFI-USDC | +0.0100% | 4h | 0.05717 | +0.040% | — | $2.3M | — | as long as short |
| Backpack WLFI_USDC_PERP | +0.0100% | 1h | 0.05718 | +0.058% | $238K | $32K | 10x | as long as short |
| GRVT WLFI_USDT_Perp | +0.0100% | 4h | 0.05720 | +0.094% | $276K | $2.0M | 10x | as long as short |
| ApeX Omni WLFIUSDT | +0.0100% | 1h | 0.05720 | +0.093% | $33K | $41K | 50x | as long as short |
| SunX WLFI-USDT | +0.0100% | 4h | 0.05720 | +0.093% | $38K | $1.7M | 20x | as long as short |
| SoDEX WLFI-USD | +0.0100% | 1h | 0.05718 | +0.058% | $116 | $5K | 5x | as long as short |
| Extended WLFI-USD | +0.0104% | 1h | 0.05714 | −0.016% | $132K | $490K | 10x | as long as short |
| Coinbase International WLFI-PERP-INTX | +0.0208% | 1h | 0.05735 | +0.355% | $33K | $16K | 50x | as long as short |
| BloFin WLFI-USDT | +0.0340% | 4h | 0.05724 | +0.163% | $4.7M | $74K | 75x | as long as short |
| GMX WLFI/USD [ETH-USDC]short | L +0.0383% / S −0.2839% | 1h | 0.05717 | +0.031% | $14K | — | 100x |
Hyperliquid WLFI
GMX WLFI/USD [ETH-USDC]
Kraken Futures PF_WLFIUSD
Aster WLFIUSDT
Lighter WLFI
Injective WLFI/USDC PERP
OKX WLFI-USDT-SWAP
Deribit WLFI_USDC-PERPETUAL
gTrade (Gains Network) WLFI/USD
Paradex WLFI-USD-PERP
01 Exchange WLFIUSD
Gate WLFI_USDT
Variational Omni WLFI
Pacifica WLFI
Binance WLFIUSDT
Bybit WLFIUSDT
MEXC WLFI_USDT
KuCoin WLFIUSDTM
Bitget WLFIUSDT
BingX WLFI-USDC
Backpack WLFI_USDC_PERP
GRVT WLFI_USDT_Perp
ApeX Omni WLFIUSDT
SunX WLFI-USDT
SoDEX WLFI-USD
Extended WLFI-USD
Coinbase International WLFI-PERP-INTX
BloFin WLFI-USDT