MON

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0131%/8h= −14.3% APRnext payment −$0.16 per $10,000 · paid last 24h +0.047%

Price spread now: Hyperliquid against GMX+0.231%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

The price spread pays, funding is against you. Hyperliquid is 0.231% dearer against GMX than usual: you sell high and buy low (spread +0.231% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MON/USD [ETH-USDC]	0.02515	L +0.0231% / S −0.0246%	pay 0.0029% / 1h	0m 59s	$6K	—	50x
Short	Hyperliquid MON	0.02521	0.0100	get 0.0013% / 1h	0m 59s	$34.1M	$7.8M	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 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 +0.231%Rate

Funding earned: −$27.43
Price spread: +0.231% → 0.000%: $23.06
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$25.37
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 12 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, 12 min ago	1.39 bp	doesn't fit	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.

MON on 33 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
Backpack MON_USDC_PERP	−0.0064%	1h	0.02518	+0.111%	$114K	$154K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02517	+0.080%	$12K	$355K	5x	as long as short
Bybit MONUSDT	+0.0018%	8h	0.02515	−0.008%	$20.7M	$13.7M	50x	as long as short
Aftermath Perps MONUSD	+0.0020%	1h	0.02519	+0.159%	$5K	$97K	10x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02506	−0.362%	$5K	$114	5.5x	as long as short
01 Exchange MONUSD	+0.0064%	1h	0.02519	+0.159%	$7K	$2K	5x	as long as short
Orderly PERP_MON_USDC	+0.0084%	4h	0.02517	+0.076%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02517	+0.076%	$812K	$776K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02517	+0.064%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02522	+0.291%	$403K	$578K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MONshort	+0.0100%	1h	0.02521	+0.231%	$34.1M	$7.8M	5x
Aster MONUSDT	+0.0100%	4h	0.02518	+0.100%	$100K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02519	+0.143%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02520	+0.183%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02517	+0.076%	$23.9M	$27.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02516	+0.036%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	+0.190%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02518	+0.115%	$943K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02520	+0.195%	$2.9M	$767K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02518	+0.115%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02523	+0.297%	$748K	$413K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02517	+0.088%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02520	+0.193%	$560K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02522	+0.274%	$68K	$532K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02517	+0.076%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02520	+0.197%	$53K	$262K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02516	+0.056%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0227%	1h	0.02518	+0.099%	$74K	$135K	25x	as long as short
GMX MON/USD [ETH-USDC]long	L +0.0231% / S −0.0246%	1h	0.02515	long leg	$6K	—	50x
BloFin MON-USDT	+0.0340%	4h	0.02522	+0.274%	$1.3M	$349K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02518	+0.131%	$115K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02542	+1.089%	$112K	$56K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1010%	1h	0.02520	+0.181%	$271K	$118K	10x	as long as short