CC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h −0.020%

Price spread now: GMX against Hyperliquid−0.192%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 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

Funding pays, the price is against you. GMX is 0.192% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.192% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 6.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid CC	0.1184	0.0148	pay 0.0019% / 1h	25m 15s	$5.5M	$1.4M	3x
Short	GMX CC/USD [WBTC.b-USDC]	0.1182	L +0.0449% / S −0.0241%	get 0.0030% / 1h	25m 15s	$44K	—	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 −0.192%Rate

Funding earned: $19.58
Price spread: −0.192% → 0.000%: −$19.18
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$20.59
Costs to cover: 0.210%
Break-even: 14.4 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	2.54 bp	10.7 bp −$11	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.

CC on 18 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
Injective CC/USDC PERP	−0.3556%	1h	0.1161	−1.926%	$6K	$99	5.5x	as long as short
Bybit CCUSDT	−0.0103%	4h	0.1182	−0.110%	$10.7M	$3.9M	25x	as long as short
MEXC CC_USDT	−0.0094%	4h	0.1181	−0.279%	$1.6M	$314K	100x	as long as short
Paradex CC-USD-PERP	+0.0089%	8h	0.1181	−0.262%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1181	−0.260%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1182	−0.186%	$11.2M	$12.0M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1183	−0.025%	$2.6M	$3.6M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1180	−0.313%	$367K	$219K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1182	−0.152%	$486K	$122K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1183	−0.068%	$937K	$804K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1181	−0.211%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1180	−0.296%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1179	−0.367%	$601K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1180	−0.329%	$88K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1181	−0.228%	$6K	$36K	6.7x	as long as short
Hyperliquid CClong	+0.0148%	1h	0.1184	long leg	$5.5M	$1.4M	3x
GMX CC/USD [WBTC.b-USDC]short	L +0.0449% / S −0.0241%	1h	0.1182	−0.192%	$44K	—	50x
Lighter CC	+0.0824%	1h	0.1186	+0.211%	$240K	$155K	5x	as long as short