S

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0298%/8h= −32.6% APRnext payment −$0.37 per $10,000 · paid last 24h −0.076%

Price spread now: GMX against Hyperliquid−0.076%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on GMX

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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.076% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid S	0.04100	0.0100	pay 0.0013% / 1h	38m 48s	$1.0M	$553K	5x
Short	GMX S/USD [WBTC.b-USDC]	0.04097	L −0.0206% / S +0.0198%	pay 0.0025% / 1h	38m 48s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$62.59
Price spread: −0.076% → 0.000%: −$7.56
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$91.15
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 1 min ago; GMX: no order-book sample. 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 Hyperliquid live order book, 1 min ago	1.83 bp	18.5 bp −$18	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.

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
01 Exchange SUSD	−1.0936%	1h	0.03940	−3.914%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1679%	1h	0.04092	−0.197%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−1.914%	$48K	$16K	25x	as long as short
Variational Omni S	−0.0307%	4h	0.04079	−0.532%	$635K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]short	L −0.0206% / S +0.0198%	1h	0.04097	−0.076%	$1K	—	100x
Reya SRUSDPERP	−0.0101%	1h	0.04096	−0.103%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04097	−0.077%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.012%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0067%	4h	0.04096	−0.110%	$102K	$332K	10x	as long as short
Lighter S	+0.0096%	1h	0.04102	+0.037%	$171K	$156K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid Slong	+0.0100%	1h	0.04100	long leg	$1.0M	$553K	5x
Aster SUSDT	+0.0100%	4h	0.04098	−0.071%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04098	−0.070%	$5.7M	$13.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04092	−0.207%	$5.8M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04095	−0.134%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04094	−0.159%	$336K	$200K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04097	−0.085%	$3.9M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04092	−0.207%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04098	−0.061%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04094	−0.159%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04100	−0.012%	$25K	$447K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04094	−0.167%	$230K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04101	+0.012%	$281K	$111K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0726%	1h	0.04101	+0.012%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1545%	1h	0.04110	+0.232%	$121K	$363K	5x	as long as short