MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.2049%/8h= +224.3% APRnext payment +$2.56 per $10,000 · paid last 24h +0.151%

Price spread now: Hyperliquid against GMX+0.232%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

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 for this trade now. Funding pays +$61 a day on $10k at the current rate, and Hyperliquid is 0.232% dearer against GMX than usual: you sell high and buy low: +$23 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 MEGA/USD [ETH-USDC]	0.04534	L +0.0237% / S −0.5353%	pay 0.0030% / 1h	51m 47s	$3K	—	45x
Short	Hyperliquid MEGA	0.04544	0.2285	get 0.0286% / 1h	51m 47s	$7.8M	$2.5M	3x

Funding 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 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 GMXbpFee HyperliquidbpOrdersPrice spread, now +0.232%Rate

Funding earned: $430.19
Price spread: +0.232% → 0.000%: $23.16
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $432.35
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 10 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, 10 min ago	0.32 bp	9.2 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.

MEGA on 28 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
ApeX Omni MEGAUSDT	−0.0848%	1h	0.04584	+1.107%	$25K	$231K	50x	as long as short
Coinbase International MEGA-PERP-INTX	−0.0432%	1h	0.04490	−0.957%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04533	−0.020%	$12K	—	150x	as long as short
BloFin MEGA-USDT	+0.0077%	4h	0.04554	+0.446%	$202K	$89K	50x	as long as short
Nado MEGA-PERP	+0.0086%	1h	0.04542	+0.181%	$196K	$140K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04534	+0.015%	$17K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04544	+0.223%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04534	+0.005%	$4.0M	$13.5M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04529	−0.106%	$3.5M	$5.4M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04528	−0.128%	$928K	$3.1M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04531	−0.062%	$201K	$318K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04535	+0.026%	$841K	$359K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04538	+0.093%	$238K	$117K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04530	−0.084%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04532	−0.040%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04539	+0.115%	$18K	$43K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04575	+0.915%	$323K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04571	+0.824%	$28K	$1.7M	10x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04534	+0.004%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04541	+0.159%	$1K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04600	+1.457%	$136K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04531	−0.065%	$127K	$824K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04539	+0.121%	$3	—	3x	as long as short
Phoenix MEGA	+0.0173%	1h	0.04575	+0.909%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]long	L +0.0237% / S −0.5353%	1h	0.04534	long leg	$3K	—	45x
Lighter MEGA	+0.1200%	1h	0.04550	+0.357%	$640K	$324K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2198%	1h	0.04546	+0.276%	$110	$15	25x	as long as short
Hyperliquid MEGAshort	+0.2285%	1h	0.04544	+0.232%	$7.8M	$2.5M	3x