Funding you earn now, next payment 05:00 UTC+0.0360%/8h= +39.4% APRnext payment +$0.45 per $10,000 · paid last 24h +3.852%
Price spread now: Hyperliquid against GMX+0.106%7-day average — · 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)—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 for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.106% dearer against GMX than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX WIF/USD [WBTC.b-USDC] | 0.2556 | L +0.0123% / S −0.0006% | pay 0.0015% / 1h | 53m 01s | $8K | — | 100x |
| Short | Hyperliquid WIF | 0.2559 | 0.0483 | get 0.0060% / 1h | 53m 01s | $8.4M | $5.0M | 5x |
GMX WIF/USD [WBTC.b-USDC]
Hyperliquid WIFFunding 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
- $75.5
- Price spread: +0.106% → 0.000%
- $10.56
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $65.06
- Costs to cover
- 0.210%
- Break-even
- 1.0 days
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 9 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, 9 min ago | 2.56 bp | 16.6 bp −$17 | 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.
WIF on 32 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin WIF-USDT | −0.0215% | 4h | 0.2555 | −0.031% | $1.0M | $908K | 75x | as long as short |
| dYdX WIF-USD | 0.0000% | 1h | 0.2545 | −0.423% | $15K | $597 | 10x | as long as short |
| gTrade (Gains Network) WIF/USD | L +0.0002% / S +0.0001% | 1h | 0.2555 | −0.018% | $826 | — | 150x | as long as short |
| Injective WIF/USDC PERP | +0.0033% | 1h | 0.2542 | −0.540% | $11K | $10K | 12x | as long as short |
| Popdex WIFUSDT | +0.0096% | 1h | 0.2552 | −0.149% | $51K | $544K | 20x | as long as short |
| Aster WIFUSDT | +0.0100% | 4h | 0.2554 | −0.078% | $36K | $299K | 10x | as long as short |
| Pacifica WIF | +0.0100% | 1h | 0.2544 | −0.454% | $79K | $62K | 5x | as long as short |
| Binance WIFUSDT | +0.0100% | 4h | 0.2553 | −0.110% | $20.0M | $123.5M | 75x | as long as short |
| Bybit WIFUSDT | +0.0100% | 4h | 0.2551 | −0.188% | $17.4M | $41.6M | 50x | as long as short |
| OKX WIF-USDT-SWAP | +0.0100% | 4h | 0.2552 | −0.149% | $6.2M | $38.2M | 50x | as long as short |
BloFin WIF-USDT
dYdX WIF-USD
gTrade (Gains Network) WIF/USD
Injective WIF/USDC PERP
Popdex WIFUSDT
Aster WIFUSDT
Pacifica WIF
Binance WIFUSDT
Bybit WIFUSDT
OKX WIF-USDT-SWAPShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate WIF_USDT | +0.0100% | 4h | 0.2553 | −0.110% | $1.2M | $8.0M | 50x | as long as short |
| MEXC WIF_USDT | +0.0100% | 4h | 0.2556 | +0.008% | $23.6M | $11.4M | 50x | as long as short |
| KuCoin WIFUSDTM | +0.0100% | 4h | 0.2553 | −0.110% | $4.5M | $14.9M | 75x | as long as short |
| Bitget WIFUSDT | +0.0100% | 4h | 0.2554 | −0.070% | $7.8M | $13.9M | 50x | as long as short |
| BingX WIF-USDT | +0.0100% | 4h | 0.2553 | −0.110% | — | $23.5M | — | as long as short |
| Backpack WIF_USDC_PERP | +0.0100% | 1h | 0.2556 | +0.012% | $79K | $302K | 10x | as long as short |
| Variational Omni WIF | +0.0100% | 4h | 0.2556 | −0.010% | $95K | $83K | — | as long as short |
| GRVT WIF_USDT_Perp | +0.0100% | 4h | 0.2538 | −0.680% | $288K | $2.4M | 10x | as long as short |
| Orderly PERP_WIF_USDC | +0.0100% | 4h | 0.2558 | +0.086% | $5K | $1.3M | 10x | as long as short |
| SunX WIF-USDT | +0.0100% | 4h | 0.2553 | −0.110% | $2K | $2.9M | 50x | as long as short |
| SoDEX WIF-USD | +0.0100% | 1h | 0.2556 | +0.027% | $591 | $5K | 5x | as long as short |
| HTX WIF-USDT | +0.0100% | 4h | 0.2550 | −0.227% | $170K | $711K | 75x | as long as short |
| Extended WIF-USD | +0.0104% | 1h | 0.2553 | −0.098% | $10K | $149K | 25x | as long as short |
| Aevo WIF-PERP | +0.0104% | 1h | 0.2557 | +0.067% | $85K | $85 | 3x | as long as short |
| GMX WIF/USD [WBTC.b-USDC]long | L +0.0123% / S −0.0006% | 1h | 0.2556 | long leg | $8K | — | 100x | |
| Deribit WIF_USDC-PERPETUAL | +0.0141% | 1h | 0.2557 | +0.047% | $46K | $256K | 25x | as long as short |
| Lighter WIF | +0.0152% | 1h | 0.2559 | +0.129% | $140K | $628K | 10x | as long as short |
| Coinbase International WIF-PERP-INTX | +0.0352% | 1h | 0.2553 | −0.110% | $347K | $2.9M | 50x | as long as short |
| Kraken Futures PF_WIFUSD | +0.0359% | 1h | 0.2559 | +0.116% | $663K | $2.3M | 50x | as long as short |
| Hyperliquid WIFshort | +0.0483% | 1h | 0.2559 | +0.106% | $8.4M | $5.0M | 5x | |
| Reya WIFRUSDPERP | +0.0558% | 1h | 0.2552 | −0.136% | $1 | — | 15x | as long as short |
| ApeX Omni WIFUSDT | +0.0656% | 1h | 0.2557 | +0.047% | $47K | $624K | 25x | as long as short |
Gate WIF_USDT
MEXC WIF_USDT
KuCoin WIFUSDTM
Bitget WIFUSDT
BingX WIF-USDT
Backpack WIF_USDC_PERP
Variational Omni WIF
GRVT WIF_USDT_Perp
Orderly PERP_WIF_USDC
SunX WIF-USDT
SoDEX WIF-USD
HTX WIF-USDT
Extended WIF-USD
Aevo WIF-PERP
Deribit WIF_USDC-PERPETUAL
Lighter WIF
Coinbase International WIF-PERP-INTX
Kraken Futures PF_WIFUSD
Reya WIFRUSDPERP
ApeX Omni WIFUSDT