MET

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1823%/8h= +199.6% APRnext payment +$2.28 per $10,000 · paid last 24h +0.083%

Price spread now: Hyperliquid against GMX+0.113%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 +$55 a day on $10k at the current rate, and Hyperliquid is 0.113% 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 MET/USD [WBTC.b-USDC]	0.2864	L −0.1723% / S +0.0247%	get 0.0215% / 1h	35m 09s	$10K	—	50x
Short	Hyperliquid MET	0.2868	0.0100	get 0.0013% / 1h	35m 09s	$4.3M	$1.3M	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 +0.113%Rate

Funding earned: $382.75
Price spread: +0.113% → 0.000%: $11.31
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $373.06
Costs to cover: 0.210%
Break-even: 0.2 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 7 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, 7 min ago	0.87 bp	14.7 bp −$15	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.

MET on 16 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
GMX MET/USD [WBTC.b-USDC]long	L −0.1723% / S +0.0247%	1h	0.2864	long leg	$10K	—	50x
Phoenix MET	−0.0112%	1h	0.2861	−0.103%	$15K	$13K	5x	as long as short
BloFin MET-USDT	+0.0050%	4h	0.2865	+0.026%	$299K	$83K	50x	as long as short
Hyperliquid METshort	+0.0100%	1h	0.2868	+0.113%	$4.3M	$1.3M	3x
Aster METUSDT	+0.0100%	4h	0.2866	+0.068%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2865	+0.026%	$5.1M	$11.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2863	−0.044%	$5.0M	$3.0M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2866	+0.061%	$1.3M	$3.5M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2863	−0.044%	$193K	$189K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2864	−0.009%	$1.0M	$278K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin METUSDTM	+0.0100%	4h	0.2864	−0.009%	$1.3M	$2.5M	50x	as long as short
Bitget METUSDT	+0.0100%	4h	0.2867	+0.096%	$690K	$868K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2862	−0.079%	$37K	$115K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2862	−0.079%	$1K	$1.6M	20x	as long as short
Lighter MET	+0.0216%	1h	0.2872	+0.267%	$263K	$250K	5x	as long as short
Backpack MET_USDC_PERP	+0.0739%	1h	0.2868	+0.113%	$333K	$258K	5x	as long as short