S

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0306%/8h= +33.5% APRnext payment +$0.38 per $10,000 · paid last 24h +0.122%

Price spread now: Hyperliquid against GMX−0.027%7-day average — · you buy dearer than you sell

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)—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. Hyperliquid is 0.027% cheaper against GMX than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX S/USD [WBTC.b-USDC]	0.04005	L −0.0206% / S +0.0198%	get 0.0026% / 1h	9m 19s	$1K	—	100x
Short	Hyperliquid S	0.04004	0.0100	get 0.0013% / 1h	9m 19s	$1.0M	$621K	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 −0.027%Rate

Funding earned: $64.24
Price spread: −0.027% → 0.000%: −$2.75
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $40.5
Costs to cover: 0.210%
Break-even: 2.6 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 1 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, 1 min ago	1.62 bp	18.4 bp −$18	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.

S on 25 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_SUSD	−0.2018%	1h	0.04003	−0.062%	$34K	$23K	10x	as long as short
01 Exchange SUSD	−0.1760%	1h	0.04000	−0.125%	$25K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03959	−1.149%	$49K	$5K	25x	as long as short
Variational Omni S	−0.0682%	4h	0.03997	−0.204%	$621K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]long	L −0.0206% / S +0.0198%	1h	0.04005	long leg	$1K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.04002	−0.071%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04004	−0.016%	$617	—	150x	as long as short
Orderly PERP_S_USDC	+0.0025%	4h	0.04003	−0.050%	$102K	$331K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.372%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.04008	+0.075%	$164K	$192K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid Sshort	+0.0100%	1h	0.04004	−0.027%	$1.0M	$621K	5x
Aster SUSDT	+0.0100%	4h	0.04006	+0.029%	$44K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04003	−0.039%	$5.5M	$15.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04000	−0.125%	$5.7M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04002	−0.075%	$983K	$4.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04002	−0.075%	$327K	$218K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04004	−0.025%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04007	+0.050%	$1.9M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04006	+0.025%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04003	−0.050%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04000	−0.125%	$26K	$445K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04002	−0.073%	$224K	$1.1M	10x	as long as short
Backpack S_USDC_PERP	+0.0259%	1h	0.04010	+0.125%	$117K	$325K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04004	−0.025%	$271K	$127K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0499%	1h	0.04008	+0.075%	$67K	$10K	10x	as long as short