Funding you earn now, next payment 04:00 UTC+0.2722%/8h= +298.1% APRnext payment +$3.40 per $10,000 · paid last 24h +0.788%
Price spread now: Hyperliquid against GMX+0.105%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 +$82 a day on $10k at the current rate, and Hyperliquid is 0.105% dearer against GMX than usual: you sell high and buy low: +$10 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 MNT/USD [ETH-USDC] | 0.6467 | L −0.2622% / S +0.0192% | get 0.0328% / 1h | 4m 58s | $19 | — | 100x |
| Short | Hyperliquid MNT | 0.6474 | 0.0100 | get 0.0013% / 1h | 4m 58s | $6.6M | $879K | 5x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $571.65
- Price spread: +0.105% → 0.000%
- $10.5
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $561.15
- Costs to cover
- 0.210%
- Break-even
- 0.1 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 | 1.62 bp | 14.4 bp −$14 | 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.
MNT on 15 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 MNT/USD [ETH-USDC]long | L −0.2622% / S +0.0192% | 1h | 0.6467 | long leg | $19 | — | 100x | |
| Kraken Futures PF_MNTUSD | −0.0565% | 1h | 0.6466 | −0.012% | $16K | $28K | 20x | as long as short |
| gTrade (Gains Network) MNT/USD | L +0.0010% / S 0.0000% | 1h | 0.6467 | +0.003% | $776 | — | 150x | as long as short |
| Injective MNT/USDC PERP | +0.0033% | 1h | 0.6526 | +0.915% | $3K | $210K | 12x | as long as short |
| Hyperliquid MNTshort | +0.0100% | 1h | 0.6474 | +0.105% | $6.6M | $879K | 5x | |
| Bybit MNTUSDT | +0.0100% | 8h | 0.6462 | −0.074% | $42.3M | $14.7M | 25x | as long as short |
| Gate MNT_USDT | +0.0100% | 4h | 0.6447 | −0.306% | $434K | $175K | 25x | as long as short |
| MEXC MNT_USDC | +0.0100% | 8h | 0.6460 | −0.105% | $2.4M | $106K | 125x | as long as short |
| BingX MNT-USDT | +0.0100% | 8h | 0.6462 | −0.074% | — | $2.5M | — | as long as short |
| Variational Omni MNT | +0.0100% | 8h | 0.6462 | −0.069% | $287K | $111K | — | as long as short |
Show all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni MNTUSDT | +0.0100% | 1h | 0.6466 | −0.013% | $11K | $640K | 50x | as long as short |
| Orderly PERP_MNT_USDC | +0.0100% | 8h | 0.6459 | −0.121% | $1K | — | 10x | as long as short |
| Backpack MNT_USDC_PERP | +0.0127% | 1h | 0.6463 | −0.059% | $40K | $55K | 10x | as long as short |
| BloFin MNT-USDT | +0.0220% | 8h | 0.6469 | +0.034% | $90K | $214K | 25x | as long as short |
| Lighter MNT | +0.0408% | 1h | 0.6483 | +0.255% | $142K | $75K | 5x | as long as short |
GMX MNT/USD [ETH-USDC]
Hyperliquid MNT
Kraken Futures PF_MNTUSD
gTrade (Gains Network) MNT/USD
Injective MNT/USDC PERP
Bybit MNTUSDT
Gate MNT_USDT
MEXC MNT_USDC
BingX MNT-USDT
Variational Omni MNT
ApeX Omni MNTUSDT
Backpack MNT_USDC_PERP
BloFin MNT-USDT
Lighter MNT