Funding you earn now, next payment 09:00 UTC−0.0418%/8h= −45.8% APRnext payment −$0.52 per $10,000 · paid last 24h −0.043%
Price spread now: GMX against Hyperliquid−0.503%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and GMX is 0.503% cheaper against Hyperliquid than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FET | 0.2029 | 0.0720 | pay 0.0090% / 1h | 53m 01s | $8.5M | $8.5M | 5x |
| Short | GMX FET/USD [ETH-USDC] | 0.2019 | L +0.0201% / S −0.0301% | get 0.0038% / 1h | 53m 01s | $13K | — | 100x |
Hyperliquid FET
GMX FET/USD [ETH-USDC]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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$87.84
- Price spread: −0.503% → 0.000%
- −$50.31
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$159.15
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 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, 9 min ago | 0.74 bp | 8.2 bp −$8 | 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.
FET on 20 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 FET_USDC-PERPETUAL | −0.2701% | 1h | 0.2027 | −0.123% | $42K | $313K | 10x | as long as short |
| Coinbase International FET-PERP-INTX | −0.0736% | 1h | 0.2024 | −0.271% | $146K | $267K | 50x | as long as short |
| Kraken Futures PF_FETUSD | −0.0303% | 1h | 0.2030 | +0.034% | $1.0M | $2.1M | 50x | as long as short |
| gTrade (Gains Network) FET/USD | L +0.0006% / S −0.0004% | 1h | 0.2017 | −0.594% | $20K | — | 150x | as long as short |
| Injective FET/USDC PERP | +0.0033% | 1h | 0.2010 | −0.961% | $3K | $166K | 12x | as long as short |
| Aster FETUSDT | +0.0100% | 8h | 0.2029 | −0.027% | $188K | $752K | 10x | as long as short |
| Gate FET_USDT | +0.0100% | 8h | 0.2027 | −0.123% | $2.8M | $12.0M | 50x | as long as short |
| KuCoin FETUSDTM | +0.0100% | 8h | 0.2028 | −0.074% | $10.5M | $17.8M | 50x | as long as short |
| Variational Omni FET | +0.0100% | 8h | 0.2017 | −0.608% | $286K | $534K | — | as long as short |
| Orderly PERP_FET_USDC | +0.0100% | 8h | 0.2026 | −0.172% | $36K | $11K | 10x | as long as short |
Deribit FET_USDC-PERPETUAL
Coinbase International FET-PERP-INTX
Kraken Futures PF_FETUSD
gTrade (Gains Network) FET/USD
Injective FET/USDC PERP
Aster FETUSDT
Gate FET_USDT
KuCoin FETUSDTM
Variational Omni FET
Orderly PERP_FET_USDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget FETUSDT | +0.0113% | 8h | 0.2029 | −0.025% | $16.6M | $11.7M | 75x | as long as short |
| BingX FET-USDT | +0.0126% | 8h | 0.2028 | −0.074% | — | $5.9M | — | as long as short |
| Extended FET-USD | +0.0128% | 1h | 0.2027 | −0.101% | $30K | $204K | 10x | as long as short |
| MEXC FET_USDT | +0.0128% | 8h | 0.2026 | −0.172% | $30.0M | $25.0M | 200x | as long as short |
| Binance FETUSDT | +0.0130% | 8h | 0.2027 | −0.123% | $30.9M | $111.9M | 75x | as long as short |
| GMX FET/USD [ETH-USDC]short | L +0.0201% / S −0.0301% | 1h | 0.2019 | −0.503% | $13K | — | 100x | |
| OKX FET-USDT-SWAP | +0.0226% | 4h | 0.2026 | −0.172% | $1.0M | $8.0M | 20x | as long as short |
| BloFin FET-USDT | +0.0250% | 8h | 0.2021 | −0.419% | $1.7M | $3.2M | 100x | as long as short |
| Phoenix FET | +0.0594% | 1h | 0.2017 | −0.601% | $35K | $35K | 5x | as long as short |
| Hyperliquid FETlong | +0.0720% | 1h | 0.2029 | long leg | $8.5M | $8.5M | 5x |
Bitget FETUSDT
BingX FET-USDT
Extended FET-USD
MEXC FET_USDT
Binance FETUSDT
OKX FET-USDT-SWAP
BloFin FET-USDT
Phoenix FET