Funding you earn now, next payment 05:00 UTC−0.0333%/8h= −36.5% APRnext payment −$0.42 per $10,000 · paid last 24h −0.004%
Price spread now: Hyperliquid against GMX+0.119%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread pays, funding is against you. Hyperliquid is 0.119% dearer against GMX than usual: you sell high and buy low (spread +0.119% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ICP/USD [WBTC.b-USDC] | 2.9576 | L +0.0433% / S −0.0367% | pay 0.0054% / 1h | 49m 45s | $31K | — | 100x |
| Short | Hyperliquid ICP | 2.9611 | 0.0100 | get 0.0013% / 1h | 49m 45s | $4.6M | $4.9M | 5x |
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICPFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$70.01
- Price spread: +0.119% → 0.000%
- $11.92
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$79.09
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 2 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, 2 min ago | 1.52 bp | 10.6 bp −$11 | 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.
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.0073% | 8h | 2.9570 | −0.019% | $1.8M | $791K | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0058% | 1h | 2.9601 | +0.086% | $531K | $606K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9592 | +0.057% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9571 | −0.016% | $264 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9580 | +0.014% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.302% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0086% | 8h | 2.9590 | +0.048% | $1.1M | $118K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9594 | +0.062% | $154K | $477K | 5x | as long as short |
| Hyperliquid ICPshort | +0.0100% | 1h | 2.9611 | +0.119% | $4.6M | $4.9M | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9604 | +0.095% | $263K | $1.6M | 20x | as long as short |
Phemex ICPUSDT
Kraken Futures PF_ICPUSD
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9577 | +0.004% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9570 | −0.018% | $29.0M | $49.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9570 | −0.019% | $17.1M | $17.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9580 | +0.014% | $5.7M | $15.5M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9580 | +0.014% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9590 | +0.048% | $19.6M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9600 | +0.082% | $4.9M | $12.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9590 | +0.048% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9570 | −0.019% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9655 | +0.268% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9682 | +0.361% | $568K | $470K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9570 | −0.019% | $1K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9530 | −0.155% | $103K | $117K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9579 | +0.012% | $22K | $132K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9600 | +0.082% | $1.2M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9750 | +0.589% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]long | L +0.0433% / S −0.0367% | 1h | 2.9576 | long leg | $31K | — | 100x |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX