Funding you earn now, next payment 06:00 UTC−0.0449%/8h= −49.2% APRpaid last 24h −0.030%
Price spread now: OKX against Hyperliquid−0.059%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1321.320% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.059%, 7d avg −0.068%
=Together, before fees−0.106%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.068%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.213% in total (about -11.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GMT | 0.008480 | 0.0100 | pay 0.0013% / 1h | 14m 56s | $113K | $153K | 3x |
| Short | OKX GMT-USDT-SWAP | 0.008475 | −0.0349 | pay 0.0175% / 4h | 2h 14m | $392K | $1.2M | 20x |
Hyperliquid GMT
OKX GMT-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$94.33
- Price spread: −0.059% → −0.068%
- $0.91
- Slippage, 4 orders
- −$113.05
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$225.47
- Costs to cover
- 1.320%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 54 min ago; OKX: live order book, 2 min ago.
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, 54 min ago | 1.18 bp | 31.0 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 4.72 bp | 32.7 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
GMT on 12 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_GMTUSD | −0.1176% | 1h | 0.008478 | −0.029% | $43K | $13K | 20x | as long as short |
| Bybit GMTUSDT | −0.0441% | 8h | 0.008479 | −0.012% | $1.0M | $2.1M | 50x | as long as short |
| OKX GMT-USDT-SWAPshort | −0.0349% | 4h | 0.008475 | −0.059% | $392K | $1.2M | 20x | |
| Variational Omni GMT | −0.0342% | 8h | 0.008473 | −0.087% | $4K | $5K | — | as long as short |
| KuCoin GMTUSDTM | −0.0300% | 4h | 0.008470 | −0.118% | $246K | $185K | 50x | as long as short |
| BingX GMT-USDT | +0.0050% | 4h | 0.008489 | +0.106% | — | $1.3M | — | as long as short |
| Bitget GMTUSDT | +0.0056% | 4h | 0.008477 | −0.035% | $670K | $632K | 50x | as long as short |
| Hyperliquid GMTlong | +0.0100% | 1h | 0.008480 | long leg | $113K | $153K | 3x | |
| Aster GMTUSDT | +0.0100% | 4h | 0.008487 | +0.083% | $7K | $23K | 10x | as long as short |
| Binance GMTUSDT | +0.0100% | 4h | 0.008482 | +0.024% | $2.9M | $5.4M | 50x | as long as short |
Kraken Futures PF_GMTUSD
Bybit GMTUSDT
Variational Omni GMT
KuCoin GMTUSDTM
BingX GMT-USDT
Bitget GMTUSDT
Aster GMTUSDT
Binance GMTUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate GMT_USDT | +0.0100% | 8h | 0.008490 | +0.118% | $145K | $176K | 50x | as long as short |
| MEXC GMT_USDT | +0.0100% | 4h | 0.008475 | −0.059% | $419K | $213K | 20x | as long as short |
Gate GMT_USDT
MEXC GMT_USDT