ALGO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0164%/8h= +17.9% APRnext payment +$0.20 per $10,000 · paid last 24h +0.033%

Price spread now: GMX against Hyperliquid−0.182%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. GMX is 0.182% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 3.7 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ALGO	0.1086	0.0100	pay 0.0013% / 1h	47m 45s	$3.3M	$2.3M	5x
Short	GMX ALGO/USD [WBTC.b-USDC]	0.1084	L +0.0315% / S −0.0264%	get 0.0033% / 1h	47m 45s	$6K	—	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 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.182%Rate

Funding earned: $34.37
Price spread: −0.182% → 0.000%: −$18.23
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$4.86
Costs to cover: 0.210%
Break-even: 8.0 days

Slippage unknown: Hyperliquid: live order book, 7 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, 7 min ago	0.92 bp	15.1 bp −$15	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.

ALGO on 22 exchanges

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_ALGOUSD	−0.0511%	1h	0.1085	−0.144%	$784K	$1.1M	50x	as long as short
Bybit ALGOUSDT	−0.0157%	8h	0.1084	−0.221%	$10.4M	$13.5M	75x	as long as short
Deribit ALGO_USDC-PERPETUAL	−0.0027%	1h	0.1085	−0.166%	$85K	$41K	25x	as long as short
Variational Omni ALGO	−0.0009%	8h	0.1081	−0.528%	$58K	$13K	—	as long as short
gTrade (Gains Network) ALGO/USD	L −0.0001% / S +0.0003%	1h	0.1085	−0.153%	$16K	—	150x	as long as short
OKX ALGO-USDT-SWAP	+0.0007%	8h	0.1085	−0.166%	$2.6M	$7.8M	50x	as long as short
Injective ALGO/USDC PERP	+0.0033%	1h	0.1120	+3.102%	$834	$233K	12x	as long as short
Coinbase International ALGO-PERP-INTX	+0.0088%	1h	0.1084	−0.239%	$64K	$176K	50x	as long as short
Hyperliquid ALGOlong	+0.0100%	1h	0.1086	long leg	$3.3M	$2.3M	5x
Aster ALGOUSDT	+0.0100%	8h	0.1085	−0.086%	$43K	$38K	5x	as long as short

Show all 22 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ALGOUSDT	+0.0100%	8h	0.1086	−0.071%	$9.2M	$33.8M	75x	as long as short
Gate ALGO_USDT	+0.0100%	8h	0.1084	−0.221%	$822K	$874K	50x	as long as short
MEXC ALGO_USDT	+0.0100%	8h	0.1085	−0.101%	$23.3M	$3.2M	200x	as long as short
KuCoin ALGOUSDTM	+0.0100%	8h	0.1085	−0.101%	$3.3M	$1.3M	50x	as long as short
Bitget ALGOUSDT	+0.0100%	8h	0.1085	−0.120%	$5.3M	$3.5M	75x	as long as short
BingX ALGO-USDT	+0.0100%	8h	0.1085	−0.129%	—	$3.3M	—	as long as short
HTX ALGO-USDT	+0.0100%	8h	0.1084	−0.175%	$56K	$121K	75x	as long as short
Phemex ALGOUSDT	+0.0100%	8h	0.1086	−0.028%	$3.7M	$1.7M	50x	as long as short
Extended ALGO-USD	+0.0104%	1h	0.1084	−0.173%	$8K	$307K	10x	as long as short
BloFin ALGO-USDT	+0.0220%	8h	0.1078	−0.755%	$466K	$838K	75x	as long as short
GMX ALGO/USD [WBTC.b-USDC]short	L +0.0315% / S −0.0264%	1h	0.1084	−0.182%	$6K	—	100x
dYdX ALGO-USD	+0.2273%	1h	0.1083	−0.311%	$157K	$4K	5x	as long as short