AR

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0240%/8h= +26.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.074%

Price spread now: Hyperliquid against GMX+0.191%7-day average +0.112% · 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)+0.407%+$41 on $10k

Price spread, last 4 days (all we have)−0.341%−$34 · spread now +0.191%, 7d avg +0.112%

Together, before fees+0.066%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hyperliquid is 0.079% dearer against GMX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AR/USD [WBTC.b-USDC]	4.2650	L −0.0140% / S +0.0550%	get 0.0018% / 1h	34m 32s	$548K	—	50x
Short	Hyperliquid AR	4.2731	0.0100	get 0.0013% / 1h	34m 32s	$3.4M	$4.7M	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 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 +0.191%Rate

Funding earned: $50.47
Price spread: +0.191% → +0.112%: $7.86
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $37.32
Costs to cover: 0.210%
Break-even: 1.8 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 7 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, 7 min ago	4.00 bp	doesn't fit	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.

AR on 17 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_ARUSD	−0.2653%	1h	4.2536	−0.267%	$52K	$178K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]long	L −0.0140% / S +0.0550%	1h	4.2650	long leg	$548K	—	50x
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+3.729%	$2K	$5K	5.5x	as long as short
Hyperliquid ARshort	+0.0100%	1h	4.2731	+0.191%	$3.4M	$4.7M	5x
Aster ARUSDT	+0.0100%	8h	4.2763	+0.267%	$42K	$444K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.2825	+0.410%	$8.5M	$50.9M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.2806	+0.367%	$4.3M	$9.1M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.2810	+0.376%	$2.3M	$16.9M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.2690	+0.095%	$2.0M	$3.4M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.2750	+0.235%	$6.2M	$4.3M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTM	+0.0100%	8h	4.2600	−0.116%	$1.1M	$1.3M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.2690	+0.095%	$3.7M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.2730	+0.188%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.2568	−0.192%	$245K	$588K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2490	−0.374%	$20K	$712K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.2700	+0.117%	$36K	$243K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.2660	+0.024%	$411K	$452K	20x	as long as short