Funding you earn now, next payment 02:00 UTC−0.0242%/8h= −26.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.056%
Price spread now: Hyperliquid against GMX+0.015%7-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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ALGO/USD [WBTC.b-USDC] | 0.1114 | L +0.0342% / S −0.0313% | pay 0.0043% / 1h | 46m 48s | $7K | — | 100x |
| Short | Hyperliquid ALGO | 0.1114 | 0.0100 | get 0.0013% / 1h | 46m 48s | $3.6M | $2.0M | 5x |
GMX ALGO/USD [WBTC.b-USDC]
Hyperliquid ALGOFunding 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
- −$50.79
- Price spread: +0.015% → 0.000%
- $1.53
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$70.27
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 5 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, 5 min ago | 0.90 bp | 8.3 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.
ALGO on 22 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 ALGO_USDC-PERPETUAL | −0.0109% | 1h | 0.1112 | −0.112% | $101K | $49K | 25x | as long as short |
| Coinbase International ALGO-PERP-INTX | −0.0064% | 1h | 0.1115 | +0.166% | $87K | $273K | 50x | as long as short |
| Variational Omni ALGO | −0.0039% | 8h | 0.1109 | −0.446% | $61K | $12K | — | as long as short |
| gTrade (Gains Network) ALGO/USD | L +0.0001% / S +0.0003% | 1h | 0.1114 | +0.013% | $6K | — | 150x | as long as short |
| Injective ALGO/USDC PERP | +0.0033% | 1h | 0.1120 | +0.570% | $834 | $233K | 12x | as long as short |
| Hyperliquid ALGOshort | +0.0100% | 1h | 0.1114 | +0.015% | $3.6M | $2.0M | 5x | |
| Aster ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.080% | $44K | $38K | 5x | as long as short |
| Binance ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.067% | $9.9M | $35.0M | 75x | as long as short |
| Bybit ALGOUSDT | +0.0100% | 8h | 0.1112 | −0.121% | $11.4M | $12.3M | 75x | as long as short |
| OKX ALGO-USDT-SWAP | +0.0100% | 8h | 0.1113 | −0.076% | $2.9M | $7.6M | 50x | as long as short |
Deribit ALGO_USDC-PERPETUAL
Coinbase International ALGO-PERP-INTX
Variational Omni ALGO
gTrade (Gains Network) ALGO/USD
Injective ALGO/USDC PERP
Aster ALGOUSDT
Binance ALGOUSDT
Bybit ALGOUSDT
OKX ALGO-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ALGO_USDT | +0.0100% | 8h | 0.1111 | −0.211% | $871K | $842K | 50x | as long as short |
| MEXC ALGO_USDT | +0.0100% | 8h | 0.1112 | −0.121% | $22.8M | $3.0M | 200x | as long as short |
| KuCoin ALGOUSDTM | +0.0100% | 8h | 0.1112 | −0.157% | $3.5M | $1.5M | 50x | as long as short |
| Bitget ALGOUSDT | +0.0100% | 8h | 0.1113 | −0.058% | $5.6M | $3.6M | 75x | as long as short |
| BingX ALGO-USDT | +0.0100% | 8h | 0.1113 | −0.058% | — | $3.4M | — | as long as short |
| HTX ALGO-USDT | +0.0100% | 8h | 0.1113 | −0.049% | $60K | $144K | 75x | as long as short |
| Phemex ALGOUSDT | +0.0100% | 8h | 0.1114 | +0.031% | $3.8M | $1.8M | 50x | as long as short |
| Extended ALGO-USD | +0.0104% | 1h | 0.1112 | −0.136% | $8K | $229K | 10x | as long as short |
| BloFin ALGO-USDT | +0.0220% | 8h | 0.1117 | +0.274% | $489K | $801K | 75x | as long as short |
| Kraken Futures PF_ALGOUSD | +0.0263% | 1h | 0.1113 | −0.075% | $826K | $1.1M | 50x | as long as short |
| GMX ALGO/USD [WBTC.b-USDC]long | L +0.0342% / S −0.0313% | 1h | 0.1114 | long leg | $7K | — | 100x | |
| dYdX ALGO-USD | +0.1623% | 1h | 0.1114 | +0.030% | $161K | $4K | 5x | as long as short |
Gate ALGO_USDT
MEXC ALGO_USDT
KuCoin ALGOUSDTM
Bitget ALGOUSDT
BingX ALGO-USDT
HTX ALGO-USDT
Phemex ALGOUSDT
Extended ALGO-USD
BloFin ALGO-USDT
Kraken Futures PF_ALGOUSD
dYdX ALGO-USD