Funding you earn now, next payment 02:00 UTC+0.0821%/8h= +89.9% APRnext payment +$1.03 per $10,000 · paid last 24h +0.081%
Price spread now: Hyperliquid against GMX+0.188%7-day average +0.172% · 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)−0.101%−$10 on $10k
+Price spread, last 3 days (all we have)−0.030%−$3 · spread now +0.188%, 7d avg +0.172%
=Together, before fees−0.131%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.172%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.101%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.101% in total (about -11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.03 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 | GMX XMR/USD [WBTC.b-USDC] | 584.61 | L +0.0918% / S −0.1123% | pay 0.0115% / 1h | 31m 40s | $652K | — | 100x |
| Short | Hyperliquid XMR | 585.71 | 0.1739 | get 0.0217% / 1h | 31m 40s | $88.5M | $73.6M | 5x |
Funding 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
- $172.46
- Price spread: +0.188% → +0.172%
- $1.62
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $153.08
- Costs to cover
- 0.210%
- Break-even
- 0.8 days
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 12 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, 12 min ago | 1.03 bp | 7.9 bp −$8 | 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.
XMR on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) XMR/USD | L +0.0010% / S −0.0010% | 1h | 584.65 | +0.007% | $35K | — | 150x | as long as short |
| Injective XMR/USDC PERP | +0.0033% | 1h | 596.76 | +2.078% | $3K | $4K | 12x | as long as short |
| edgeX XMRUSDC | +0.0100% | 4h | 582.75 | −0.317% | $1.0M | $669K | 10x | as long as short |
| SunX XMR-USDT | +0.0100% | 8h | 584.49 | −0.020% | $2K | $2.0M | 20x | as long as short |
| HTX XMR-USDT | +0.0100% | 8h | 584.00 | −0.104% | $1.1M | $1.6M | 20x | as long as short |
| Aevo XMR-PERP | +0.0200% | 1h | 585.40 | +0.134% | $12K | — | 3x | as long as short |
| MEXC XMR_USDT | +0.0477% | 8h | 585.77 | +0.198% | $20.9M | $15.3M | 100x | as long as short |
| Binance XMRUSDT | +0.0485% | 8h | 585.91 | +0.222% | $53.6M | $168.4M | 75x | as long as short |
| Gate XMR_USDT | +0.0503% | 8h | 584.89 | +0.048% | $1.6M | $4.6M | 50x | as long as short |
| dYdX XMR-USD | +0.0557% | 1h | 584.55 | −0.010% | $106K | $50K | 5x | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XMRUSDT | +0.0593% | 8h | 585.46 | +0.145% | $9.6M | $14.5M | 50x | as long as short |
| Aster XMRUSDT | +0.0654% | 8h | 585.20 | +0.101% | $649K | $2.5M | 75x | as long as short |
| KuCoin XMRUSDTM | +0.0763% | 8h | 584.99 | +0.065% | $47.9M | $26.2M | 50x | as long as short |
| Pacifica XMR | +0.0821% | 1h | 585.77 | +0.199% | $271K | $1.1M | 10x | as long as short |
| Backpack XMR_USDC_PERP | +0.0828% | 1h | 585.40 | +0.135% | $183K | $534K | 20x | as long as short |
| BingX XMR-USDT | +0.0896% | 8h | 585.84 | +0.210% | — | $5.8M | — | as long as short |
| Bybit XMRUSDT | +0.0900% | 8h | 585.80 | +0.204% | $47.3M | $65.1M | 75x | as long as short |
| GMX XMR/USD [WBTC.b-USDC]long | L +0.0918% / S −0.1123% | 1h | 584.61 | long leg | $652K | — | 100x | |
| GRVT XMR_USDT_Perp | +0.0979% | 8h | 584.15 | −0.079% | $340K | $792K | 10x | as long as short |
| Lighter XMR | +0.0992% | 1h | 585.48 | +0.149% | $3.3M | $7.2M | 10x | as long as short |
| Variational Omni XMR | +0.0997% | 8h | 582.24 | −0.405% | $6.6M | $2.9M | — | as long as short |
| Polymarket Perps XMR-USD | +0.1032% | 1h | 585.51 | +0.154% | $48K | $2.0M | 5x | as long as short |
| Orderly PERP_XMR_USDC | +0.1049% | 8h | 585.32 | +0.121% | $42K | $735K | 10x | as long as short |
| Paradex XMR-USD-PERP | +0.1201% | 8h | 584.99 | +0.065% | $8K | $4K | 20x | as long as short |
| Kraken Futures PF_XMRUSD | +0.1308% | 1h | 584.51 | −0.018% | $5.6M | $20.4M | 50x | as long as short |
| Nado XMR-PERP | +0.1367% | 1h | 586.00 | +0.238% | $1.3M | $466K | 10x | as long as short |
| SoDEX XMR-USD | +0.1696% | 1h | 585.55 | +0.161% | $445K | $3K | 5x | as long as short |
| Hyperliquid XMRshort | +0.1739% | 1h | 585.71 | +0.188% | $88.5M | $73.6M | 5x | |
| Extended XMR-USD | +0.1984% | 1h | 585.65 | +0.178% | $3.2M | $8.2M | 25x | as long as short |
| Aftermath Perps XMRUSD | +0.2758% | 1h | 583.03 | −0.270% | $1K | $46K | 10x | as long as short |
GMX XMR/USD [WBTC.b-USDC]
Hyperliquid XMR
gTrade (Gains Network) XMR/USD
Injective XMR/USDC PERP
edgeX XMRUSDC
SunX XMR-USDT
HTX XMR-USDT
MEXC XMR_USDT
Binance XMRUSDT
Gate XMR_USDT
Bitget XMRUSDT
Aster XMRUSDT
KuCoin XMRUSDTM
Pacifica XMR
Backpack XMR_USDC_PERP
BingX XMR-USDT
Bybit XMRUSDT
GRVT XMR_USDT_Perp
Lighter XMR
Variational Omni XMR
Polymarket Perps XMR-USD
Paradex XMR-USD-PERP
Kraken Futures PF_XMRUSD
SoDEX XMR-USD
Extended XMR-USD
Aftermath Perps XMRUSD