XPL

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0171%/8h= +18.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.059%

Price spread now: Hyperliquid against GMX+0.009%7-day average +0.118% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now +0.009%, 7d avg +0.118%

Together, before fees+0.074%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.109% cheaper against GMX than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.118%). If the spread goes back, that is −$11 on $10k: about 2.1 days of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.008% in total) that is about 44 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XPL/USD [WBTC.b-USDC]	0.09802	L −0.0071% / S +0.0480%	get 0.0009% / 1h	40m 37s	$113K	—	100x
Short	Hyperliquid XPL	0.09803	0.0100	get 0.0013% / 1h	40m 37s	$63.0M	$47.1M	10x

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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee HyperliquidbpOrdersPrice spread, now +0.009%Rate

Funding earned: $35.95
Price spread: +0.009% → +0.118%: −$10.9
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $4.05
Costs to cover: 0.210%
Break-even: 6.2 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 3 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, 3 min ago	1.58 bp	10.1 bp −$10	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.

XPL on 36 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
Deribit XPL_USDC-PERPETUAL	−0.0465%	1h	0.09789	−0.137%	$47K	$18K	25x	as long as short
Lighter XPL	−0.0160%	1h	0.09780	−0.229%	$4.4M	$4.3M	10x	as long as short
GMX XPL/USD [WBTC.b-USDC]long	L −0.0071% / S +0.0480%	1h	0.09802	long leg	$113K	—	100x
dYdX XPL-USD	0.0000%	1h	0.09796	−0.060%	$8K	—	5x	as long as short
Reya XPLRUSDPERP	0.0000%	1h	0.07571	−22.769%	—	—	—	as long as short
gTrade (Gains Network) XPL/USD	L +0.0005% / S −0.0004%	1h	0.09803	+0.007%	$72K	—	150x	as long as short
Backpack XPL_USDC_PERP	+0.0019%	1h	0.09792	−0.106%	$178K	$282K	10x	as long as short
01 Exchange XPLUSD	+0.0024%	1h	0.09776	−0.269%	$568	$582	5x	as long as short
Orderly PERP_XPL_USDC	+0.0082%	4h	0.09794	−0.086%	$27K	$333K	10x	as long as short
Paradex XPL-USD-PERP	+0.0095%	8h	0.09787	−0.153%	$13K	$2K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XPL-PERP	+0.0100%	1h	0.09777	−0.259%	$1.4M	$2.6M	10x	as long as short
Hyperliquid XPLshort	+0.0100%	1h	0.09803	+0.009%	$63.0M	$47.1M	10x
Aster XPLUSDT	+0.0100%	4h	0.09798	−0.045%	$253K	$527K	20x	as long as short
Pacifica XPL	+0.0100%	1h	0.09797	−0.059%	$222K	$19K	10x	as long as short
Binance XPLUSDT	+0.0100%	4h	0.09782	−0.208%	$44.2M	$104.2M	75x	as long as short
Bybit XPLUSDT	+0.0100%	4h	0.09783	−0.198%	$47.8M	$53.1M	75x	as long as short
OKX XPL-USDT-SWAP	+0.0100%	4h	0.09766	−0.371%	$9.1M	$53.0M	50x	as long as short
Bulk XPL-USD	+0.0100%	1h	0.09822	+0.205%	$142K	$11K	10x	as long as short
Gate XPL_USDT	+0.0100%	4h	0.09787	−0.157%	$3.0M	$4.0M	75x	as long as short
MEXC XPL_USDT	+0.0100%	4h	0.09788	−0.147%	$12.8M	$7.6M	100x	as long as short
KuCoin XPLUSDTM	+0.0100%	4h	0.09795	−0.075%	$2.4M	$1.4M	50x	as long as short
Bitget XPLUSDT	+0.0100%	4h	0.09775	−0.280%	$8.6M	$11.0M	75x	as long as short
BingX XPL-USDT	+0.0100%	4h	0.09788	−0.147%	—	$7.9M	—	as long as short
Variational Omni XPL	+0.0100%	4h	0.09799	−0.034%	$1.7M	$1.9M	—	as long as short
GRVT XPL_USDT_Perp	+0.0100%	4h	0.09770	−0.329%	$256K	$777K	10x	as long as short
ApeX Omni XPLUSDT	+0.0100%	1h	0.09790	−0.126%	$25K	$86K	50x	as long as short
Polymarket Perps XPL-USD	+0.0100%	1h	0.09781	−0.216%	$130K	$2.7M	10x	as long as short
SunX XPL-USDT	+0.0100%	4h	0.09780	−0.229%	$2K	$2.0M	20x	as long as short
SoDEX XPL-USD	+0.0100%	1h	0.09780	−0.229%	$203	$10K	10x	as long as short
HTX XPL-USDT	+0.0100%	4h	0.09791	−0.116%	$139K	$245K	20x	as long as short
Extended XPL-USD	+0.0104%	1h	0.09788	−0.147%	$660K	$1.1M	25x	as long as short
Aevo XPL-PERP	+0.0104%	1h	0.09793	−0.098%	$38K	$5K	3x	as long as short
BloFin XPL-USDT	+0.0340%	4h	0.09780	−0.229%	$1.8M	$1.2M	75x	as long as short
Phoenix XPL	+0.0485%	1h	0.09810	+0.078%	$200K	$646K	10x	as long as short
Coinbase International XPL-PERP-INTX	+0.0824%	1h	0.09844	+0.424%	$74K	$105K	50x	as long as short
Kraken Futures PF_XPLUSD	+0.3473%	1h	0.09845	+0.436%	$518K	$939K	10x	as long as short