Funding you earn now, next payment 00:00 UTC−0.0174%/8h= −19.1% APRnext payment −$0.22 per $10,000 · paid last 24h +0.018%
Price spread now: Hyperliquid against GMX+0.030%7-day average +0.065% · 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)−0.032%−$3 on $10k
+Price spread, last 3 days (all we have)−0.348%−$35 · spread now +0.030%, 7d avg +0.065%
=Together, before fees−0.379%+ Points / potential airdropHyperliquid: Season 2 · farm board−$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hyperliquid is 0.036% cheaper against GMX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.065%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ARB/USD [ARB-USDC] | 0.2296 | L +0.0274% / S −0.0157% | pay 0.0034% / 1h | 51m 19s | $860K | — | 150x |
| Short | Hyperliquid ARB | 0.2297 | 0.0100 | get 0.0013% / 1h | 51m 19s | $41.6M | $47.8M | 10x |
GMX ARB/USD [ARB-USDC]
Hyperliquid ARBFunding 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
- −$36.62
- Price spread: +0.030% → +0.065%
- −$3.58
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$61.2
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 12 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, 12 min ago | 1.11 bp | 9.7 bp −$10 | 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.
ARB on 36 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 ARB/USDC PERP | −0.1785% | 1h | 0.2272 | −1.050% | $41K | $372K | 12x | as long as short |
| Variational Omni ARB | −0.0179% | 8h | 0.2263 | −1.440% | $1.9M | $2.7M | — | as long as short |
| 01 Exchange ARBUSD | −0.0176% | 1h | 0.2293 | −0.149% | $7K | $2K | 10x | as long as short |
| Polymarket Perps ARB-USD | −0.0175% | 1h | 0.2293 | −0.132% | $78K | $2.0M | 10x | as long as short |
| Bybit ARBUSDT | −0.0158% | 8h | 0.2298 | +0.073% | $59.4M | $129.5M | 50x | as long as short |
| OKX ARB-USDT-SWAP | −0.0102% | 8h | 0.2297 | +0.038% | $23.2M | $162.4M | 50x | as long as short |
| MEXC ARB_USDT | −0.0101% | 8h | 0.2294 | −0.075% | $38.2M | $59.2M | 200x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2295 | −0.049% | $13K | $398K | 10x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2292 | −0.198% | $68K | $4K | 10x | as long as short |
| Extended ARB-USD | 0.0000% | 1h | 0.2294 | −0.080% | $365K | $2.3M | 25x | as long as short |
Injective ARB/USDC PERP
Variational Omni ARB
01 Exchange ARBUSD
Polymarket Perps ARB-USD
Bybit ARBUSDT
OKX ARB-USDT-SWAP
MEXC ARB_USDT
Orderly PERP_ARB_USDC
dYdX ARB-USD
Extended ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2296 | +0.003% | $26K | $32K | 25x | as long as short |
| Binance ARBUSDT | +0.0004% | 8h | 0.2298 | +0.099% | $66.3M | $314.1M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0005% | 1h | 0.2296 | +0.016% | $57K | — | 150x | as long as short |
| BloFin ARB-USDT | +0.0016% | 8h | 0.2296 | +0.017% | $3.1M | $2.8M | 75x | as long as short |
| SoDEX ARB-USD | +0.0017% | 1h | 0.2296 | −0.010% | $4K | $2.7M | 5x | as long as short |
| Gate ARB_USDT | +0.0030% | 8h | 0.2295 | −0.062% | $5.5M | $20.0M | 60x | as long as short |
| Bitget ARBUSDT | +0.0067% | 8h | 0.2295 | −0.049% | $21.8M | $36.7M | 50x | as long as short |
| BingX ARB-USDT | +0.0067% | 8h | 0.2294 | −0.071% | — | $53.3M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2297 | +0.024% | $150K | $12K | 3x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2298 | +0.095% | $1.4M | $7.4M | 15x | as long as short |
| Hyperliquid ARBshort | +0.0100% | 1h | 0.2297 | +0.030% | $41.6M | $47.8M | 10x | |
| Aster ARBUSDT | +0.0100% | 8h | 0.2295 | −0.039% | $714K | $1.6M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2290 | −0.265% | $47K | $193K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2294 | −0.092% | $20.2M | $16.3M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2269 | −1.179% | $40K | $461K | 20x | as long as short |
| GRVT ARB_USDT_Perp | +0.0100% | 8h | 0.2270 | −1.138% | $493K | $3.7M | 10x | as long as short |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2284 | −0.528% | $123K | $295K | 50x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2298 | +0.082% | $2K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2296 | −0.005% | $294K | $1.1M | 50x | as long as short |
| Phemex ARBUSDT | +0.0100% | 8h | 0.2296 | −0.005% | $5.3M | $13.3M | 50x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0216% | 1h | 0.2296 | −0.005% | $516K | $2.3M | 50x | as long as short |
| Kraken Futures PF_ARBUSD | +0.0233% | 1h | 0.2298 | +0.066% | $1.2M | $4.9M | 50x | as long as short |
| GMX ARB/USD [ARB-USDC]long | L +0.0274% / S −0.0157% | 1h | 0.2296 | long leg | $860K | — | 150x | |
| Reya ARBRUSDPERP | +0.0290% | 1h | 0.2292 | −0.165% | $2K | $695 | 20x | as long as short |
| RISEx ARB/USDC | +0.0330% | 1h | 0.2295 | −0.045% | $558K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0560% | 1h | 0.2285 | −0.497% | $899K | $2.8M | 20x | as long as short |
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
BloFin ARB-USDT
SoDEX ARB-USD
Gate ARB_USDT
Bitget ARBUSDT
BingX ARB-USDT
Aevo ARB-PERP
Lighter ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
GRVT ARB_USDT_Perp
ApeX Omni ARBUSDT
SunX ARB-USDT
HTX ARB-USDT
Phemex ARBUSDT
Coinbase International ARB-PERP-INTX
Kraken Futures PF_ARBUSD
Reya ARBRUSDPERP
RISEx ARB/USDC
Backpack ARB_USDC_PERP