MET

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0347%/8h= −38.0% APRnext payment −$0.43 per $10,000 · paid last 24h −0.030%

Price spread now: GMX against Hyperliquid−0.078%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 −$10 a day on $10k at the current rate, and GMX is 0.078% 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 MET	0.2867	0.0100	pay 0.0013% / 1h	35m 24s	$4.3M	$1.3M	3x
Short	GMX MET/USD [WBTC.b-USDC]	0.2864	L −0.1723% / S +0.0247%	pay 0.0031% / 1h	35m 24s	$10K	—	50x

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 −0.078%Rate

Funding earned: −$72.8
Price spread: −0.078% → 0.000%: −$7.81
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$101.61
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 6 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, 6 min ago	0.87 bp	16.9 bp −$17	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.

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]short	L −0.1723% / S +0.0247%	1h	0.2864	−0.078%	$10K	—	50x
Phoenix MET	−0.0112%	1h	0.2861	−0.181%	$15K	$13K	5x	as long as short
Hyperliquid METlong	+0.0100%	1h	0.2867	long leg	$4.3M	$1.3M	3x
Aster METUSDT	+0.0100%	4h	0.2864	−0.071%	$54K	$11K	5x	as long as short
Binance METUSDT	+0.0100%	4h	0.2863	−0.110%	$5.1M	$11.6M	50x	as long as short
Bybit METUSDT	+0.0100%	4h	0.2862	−0.157%	$5.0M	$3.0M	25x	as long as short
OKX MET-USDT-SWAP	+0.0100%	4h	0.2866	−0.017%	$1.3M	$3.5M	20x	as long as short
Gate MET_USDT	+0.0100%	4h	0.2863	−0.122%	$193K	$189K	50x	as long as short
MEXC MET_USDT	+0.0100%	4h	0.2864	−0.087%	$1.0M	$278K	20x	as long as short
KuCoin METUSDTM	+0.0100%	4h	0.2864	−0.087%	$1.3M	$2.5M	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget METUSDT	+0.0100%	4h	0.2866	−0.017%	$689K	$868K	25x	as long as short
ApeX Omni METUSDT	+0.0100%	1h	0.2862	−0.157%	$37K	$115K	50x	as long as short
SunX MET-USDT	+0.0100%	4h	0.2861	−0.192%	$1K	$1.6M	20x	as long as short
BloFin MET-USDT	+0.0106%	4h	0.2873	+0.227%	$302K	$84K	50x	as long as short
Lighter MET	+0.0216%	1h	0.2871	+0.157%	$263K	$250K	5x	as long as short
Backpack MET_USDC_PERP	+0.0774%	1h	0.2865	−0.056%	$333K	$258K	5x	as long as short