AR

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0651%/8h= −71.2% APRnext payment −$0.81 per $10,000 · paid last 24h −0.184%

Price spread now: GMX against Hyperliquid−0.064%7-day average −0.106% · 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 3 days (all we have)−0.691%−$69 on $10k

Price spread, last 3 days (all we have)+0.253%+$25 · spread now −0.064%, 7d avg −0.106%

Together, before fees−0.438%+ Points / potential airdropHyperliquid: Season 2 · farm board−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.042% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.064% now, against its 7-day average of −0.106%): +$4 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AR	4.6354	0.0100	pay 0.0013% / 1h	58m 22s	$4.3M	$4.9M	5x
Short	GMX AR/USD [WBTC.b-USDC]	4.6324	L −0.0140% / S +0.0551%	pay 0.0069% / 1h	58m 22s	$595K	—	50x

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 −0.064%Rate

Funding earned: −$136.63
Price spread: −0.064% → −0.106%: $4.15
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$153.48
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 3 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, 3 min ago	4.64 bp	16.1 bp −$16	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.

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	−0.2384%	1h	4.6313	−0.089%	$53K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]short	L −0.0140% / S +0.0551%	1h	4.6324	−0.064%	$595K	—	50x
OKX AR-USDT-SWAP	−0.0104%	8h	4.6210	−0.311%	$2.4M	$21.0M	20x	as long as short
MEXC AR_USDT	+0.0007%	8h	4.6280	−0.160%	$6.8M	$4.4M	100x	as long as short
Binance ARUSDT	+0.0008%	8h	4.6270	−0.181%	$9.3M	$55.5M	75x	as long as short
Extended AR-USD	+0.0008%	1h	4.6281	−0.159%	$38K	$234K	10x	as long as short
BloFin AR-USDT	+0.0030%	8h	4.6310	−0.095%	$441K	$621K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−1.368%	$3K	$239	5.5x	as long as short
Bybit ARUSDT	+0.0035%	8h	4.6250	−0.224%	$4.6M	$8.8M	75x	as long as short
Hyperliquid ARlong	+0.0100%	1h	4.6354	long leg	$4.3M	$4.9M	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ARUSDT	+0.0100%	8h	4.6340	−0.030%	$20K	$606K	10x	as long as short
Gate AR_USDT	+0.0100%	8h	4.6300	−0.116%	$2.6M	$2.2M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.6280	−0.160%	$1.5M	$1.2M	50x	as long as short
Bitget ARUSDT	+0.0100%	8h	4.6240	−0.246%	$4.0M	$5.7M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6250	−0.224%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6239	−0.249%	$144K	$173K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.6340	−0.030%	$23K	$765K	50x	as long as short