Funding you earn now, next payment 00:00 UTC+0.0545%/8h= +59.6% APRnext payment +$0.68 per $10,000 · paid last 24h +0.006%
Price spread now: Hyperliquid against GMX+0.318%7-day average +0.067% · 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)−0.089%−$9 on $10k
+Price spread, last 3 days (all we have)−0.262%−$26 · spread now +0.318%, 7d avg +0.067%
=Together, before fees−0.351%+ Points / potential airdropHyperliquid: Season 2 · farm board−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Hyperliquid is 0.251% dearer against GMX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.067%. Mind the row above: over the last 3 days funding on this pair cost −0.089%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.089% in total (about -10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.68 per $10,000. 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 | GMX UNI/USD [UNI-USDC] | 9.1257 | L +0.0380% / S −0.0320% | pay 0.0047% / 1h | 50m 41s | $573K | — | 120x |
| Short | Hyperliquid UNI | 9.1547 | 0.0925 | get 0.0116% / 1h | 50m 41s | $101.2M | $58.6M | 10x |
GMX UNI/USD [UNI-USDC]
Hyperliquid UNIFunding 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
- $114.36
- Price spread: +0.318% → +0.067%
- $25.12
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $118.48
- Costs to cover
- 0.210%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 3 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, 3 min ago | 1.27 bp | 8.9 bp −$9 | 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.
UNI on 40 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 UNI/USDC PERP | −0.0049% | 1h | 8.8300 | −3.240% | $660 | $155K | 12x | as long as short |
| Variational Omni UNI | −0.0010% | 8h | 9.0073 | −1.297% | $4.0M | $4.4M | — | as long as short |
| dYdX UNI-USD | 0.0000% | 1h | 9.1388 | +0.144% | $253K | $6K | 10x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0004% | 1h | 9.1243 | −0.014% | $63K | — | 150x | as long as short |
| Bybit UNIUSDT | +0.0048% | 8h | 9.1400 | +0.157% | $104.5M | $104.0M | 75x | as long as short |
| OKX UNI-USDT-SWAP | +0.0080% | 8h | 9.1410 | +0.168% | $56.3M | $251.5M | 50x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 9.1090 | −0.183% | $970K | $4.1M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 9.1410 | +0.168% | $1.1M | $3.3M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 9.1395 | +0.152% | $305K | $586K | 10x | as long as short |
| Binance UNIUSDT | +0.0100% | 8h | 9.1356 | +0.109% | $225.2M | $586.0M | 75x | as long as short |
Injective UNI/USDC PERP
Variational Omni UNI
dYdX UNI-USD
gTrade (Gains Network) UNI/USD
Bybit UNIUSDT
OKX UNI-USDT-SWAP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNI
Binance UNIUSDTShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus UNI-USD | +0.0100% | 1h | 9.1480 | +0.245% | $282K | $619K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 9.1380 | +0.135% | $23.5M | $57.8M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 9.1440 | +0.201% | $44.1M | $23.8M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 9.1380 | +0.135% | $13.9M | $13.5M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 9.1400 | +0.157% | $33.2M | $41.5M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 9.1410 | +0.168% | — | $6.5M | — | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 9.0235 | −1.119% | $170K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perp | +0.0100% | 8h | 9.0290 | −1.059% | $638K | $2.5M | 10x | as long as short |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 9.0420 | −0.917% | $89K | $713K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 9.0410 | −0.928% | $70K | $3.3M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 9.1146 | −0.121% | $88K | $355K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 9.1280 | +0.025% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 9.1341 | +0.092% | $37K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 9.1319 | +0.068% | $25K | $662K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 9.1314 | +0.063% | $745K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 9.1290 | +0.036% | $27.5M | $4.4M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 9.1273 | +0.018% | $26K | — | 20x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 9.1398 | +0.154% | $314K | $1.5M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 9.1281 | +0.027% | $32K | $1K | 3x | as long as short |
| 01 Exchange UNIUSD | +0.0208% | 1h | 9.1212 | −0.049% | $455 | — | 10x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 9.1300 | +0.047% | $10.0M | $3.5M | 75x | as long as short |
| Backpack UNI_USDC_PERP | +0.0221% | 1h | 9.1353 | +0.105% | $1.0M | $2.3M | 10x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0232% | 1h | 9.1320 | +0.069% | $1.1M | $5.5M | 50x | as long as short |
| Reya UNIRUSDPERP | +0.0363% | 1h | 9.1115 | −0.155% | $17K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC]long | L +0.0380% / S −0.0320% | 1h | 9.1257 | long leg | $573K | — | 120x | |
| Kraken Futures PF_UNIUSD | +0.0554% | 1h | 9.1373 | +0.128% | $5.1M | $7.0M | 50x | as long as short |
| Deribit UNI_USDC-PERPETUAL | +0.0592% | 1h | 9.1354 | +0.106% | $588K | $175K | 50x | as long as short |
| Aftermath Perps UNIUSD | +0.0718% | 1h | 9.0301 | −1.047% | $1K | $49K | 10x | as long as short |
| Hyperliquid UNIshort | +0.0925% | 1h | 9.1547 | +0.318% | $101.2M | $58.6M | 10x | |
| Lighter UNI | +0.1000% | 1h | 9.1550 | +0.321% | $4.7M | $5.2M | 15x | as long as short |
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
edgeX UNIUSDC
GRVT UNI_USDT_Perp
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Paradex UNI-USD-PERP
Extended UNI-USD
Aevo UNI-PERP
01 Exchange UNIUSD
BloFin UNI-USDT
Backpack UNI_USDC_PERP
Coinbase International UNI-PERP-INTX
Reya UNIRUSDPERP
Kraken Futures PF_UNIUSD
Deribit UNI_USDC-PERPETUAL
Aftermath Perps UNIUSD
Lighter UNI