Spread before costs (cost unknown: a leg has no order-book sample)+0.054%
7d average−0.131%if it closes, per $10,000$5funding while held, a day+$30.52
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid FIL | 0.9639 | 0.0100 | pay 0.0013% / 1h | 35m 13s | $8.5M | $9.4M | 5x |
| Short | GMX FIL/USD [WBTC.b-USDC] | 0.9645 | L +0.0496% / S −0.1117% | get 0.0140% / 1h | 35m 13s | $110K | — | 100x |
Hyperliquid FIL
GMX FIL/USD [WBTC.b-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $5.42
- Funding while held
- $30.52
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $14.93
- Spread needed to break even
- 0.210%
Slippage unknown: Hyperliquid: live order book, 9 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.1017%
- Per $10,000 a day
- +$30.52
- Average in range /8h
- —
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 | 0.94 bp | 12.8 bp −$13 | 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.
FIL price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.9570cheapestedgeX0.9607+0.384%Variational Omni0.9609+0.410%SunX0.9630+0.627%Coinbase International0.9630+0.627%Bybit0.9633+0.658%MEXC0.9633+0.658%OKX0.9634+0.669%Lighter0.9634+0.671%KuCoin0.9636+0.690%BingX0.9636+0.690%Bitget0.9637+0.700%dYdX0.9638+0.705%Extended0.9639+0.716%SoDEX0.9639+0.721%
ApeX Omni
Variational Omni
SunX
Coinbase International
Bybit
MEXC
OKX
Lighter
KuCoin
BingX
Bitget
dYdX
Extended
SoDEXHyperliquid0.9639+0.725%
Binance0.9640+0.729%Gate0.9640+0.731%Phemex0.9640+0.731%BloFin0.9641+0.742%HTX0.9642+0.752%
Binance
Gate
Phemex
BloFin
HTXGMX0.9645+0.780%
gTrade (Gains Network)0.9645+0.783%Aster0.9646+0.795%Deribit0.9648+0.815%Orderly0.9652+0.855%Kraken Futures0.9653+0.870%Injective1.0096+5.496%
gTrade (Gains Network)
Aster
Deribit
Orderly
Kraken Futures
InjectiveFIL on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni FILUSDT | −0.720% | +0.0100% | 1h | $41K | $199K | 50x | as long as short |
| edgeX FILUSDC | −0.339% | +0.0100% | 4h | $44K | $292K | 10x | as long as short |
| Variational Omni FIL | −0.313% | −0.0116% | 8h | $421K | $271K | — | as long as short |
| SunX FIL-USDT | −0.098% | +0.0100% | 8h | $2K | $1.1M | 20x | as long as short |
| Coinbase International FIL-PERP-INTX | −0.098% | −0.0632% | 1h | $315K | $2.2M | 50x | as long as short |
| Bybit FILUSDT | −0.066% | −0.0259% | 8h | $15.3M | $16.8M | 25x | as long as short |
| MEXC FIL_USDC | −0.066% | −0.0003% | 8h | $246K | $104K | 50x | as long as short |
| OKX FIL-USDT-SWAP | −0.056% | −0.0076% | 8h | $17.7M | $105.9M | 50x | as long as short |
| Lighter FIL | −0.054% | +0.0096% | 1h | $158K | $399K | 5x | as long as short |
| KuCoin FILUSDTM | −0.035% | +0.0025% | 8h | $7.1M | $7.9M | 50x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX FIL-USDT | −0.035% | +0.0051% | 8h | — | $11.8M | — | as long as short |
| Bitget FILUSDT | −0.025% | +0.0052% | 8h | $11.0M | $23.3M | 75x | as long as short |
| dYdX FIL-USD | −0.020% | 0.0000% | 1h | $56K | $2K | 10x | as long as short |
| Extended FIL-USD | −0.009% | +0.0048% | 1h | $670K | $2.4M | 10x | as long as short |
| SoDEX FIL-USD | −0.004% | +0.0100% | 1h | $449 | $11K | 5x | as long as short |
| Hyperliquid FILlong | 0.000% | +0.0100% | 1h | $8.5M | $9.4M | 5x | |
| Binance FILUSDT | +0.004% | +0.0047% | 8h | $54.6M | $182.8M | 75x | as long as short |
| Gate FIL_USDT | +0.006% | +0.0100% | 8h | $7.5M | $16.9M | 50x | as long as short |
| Phemex FILUSDT | +0.006% | +0.0100% | 8h | $1.0M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.017% | +0.0167% | 8h | $2.7M | $601K | 75x | as long as short |
| HTX FIL-USDT | +0.027% | +0.0100% | 8h | $626K | $5.5M | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC]short | +0.054% | L +0.0496% / S −0.1117% | 1h | $110K | — | 100x | |
| gTrade (Gains Network) FIL/USD | +0.057% | L −0.0004% / S +0.0006% | 1h | $24K | — | 150x | as long as short |
| Aster FILUSDT | +0.069% | +0.0100% | 8h | $478K | $581K | 20x | as long as short |
| Deribit FIL_USDC-PERPETUAL | +0.089% | −0.0061% | 1h | $166K | $22K | 25x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.129% | +0.0100% | 4h | $4K | — | 10x | as long as short |
| Kraken Futures PF_FILUSD | +0.144% | +0.0399% | 1h | $1.5M | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | +4.737% | +0.0033% | 1h | $2K | $141K | 12x | as long as short |