Funding you earn now, next payment 04:00 UTC−0.0137%/8h= −15.0% APRnext payment −$0.17 per $10,000 · paid last 24h +0.164%
Price spread now: Hyperliquid against GMX+0.074%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
The price spread pays, funding is against you. Hyperliquid is 0.074% dearer against GMX than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX MEGA/USD [ETH-USDC] | 0.04578 | L +0.0237% / S −0.5353% | pay 0.0030% / 1h | 50m 29s | $3K | — | 45x |
| Short | Hyperliquid MEGA | 0.04582 | 0.0100 | get 0.0013% / 1h | 50m 29s | $7.9M | $2.6M | 3x |
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGAFunding 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
- −$28.85
- Price spread: +0.074% → 0.000%
- $7.43
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$42.42
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 2 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, 2 min ago | 2.72 bp | 15.8 bp −$16 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0744% | 1h | 0.04589 | +0.242% | $5K | $13K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04578 | −0.013% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0041% | 1h | 0.04573 | −0.107% | $198K | $142K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0050% | 4h | 0.04587 | +0.188% | $202K | $95K | 50x | as long as short |
| Hyperliquid MEGAshort | +0.0100% | 1h | 0.04582 | +0.074% | $7.9M | $2.6M | 3x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04577 | −0.041% | $19K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04577 | −0.035% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04578 | −0.009% | $4.1M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04574 | −0.096% | $3.6M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04578 | −0.009% | $937K | $3.1M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04578 | −0.009% | $199K | $319K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04578 | −0.009% | $819K | $369K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04577 | −0.031% | $230K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04576 | −0.052% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04575 | −0.074% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04582 | +0.083% | $323K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04606 | +0.592% | $24K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04605 | +0.581% | $24K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04576 | −0.052% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04589 | +0.232% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04550 | −0.620% | $134K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04572 | −0.133% | $128K | $821K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04575 | −0.069% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04599 | +0.450% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC]long | L +0.0237% / S −0.5353% | 1h | 0.04578 | long leg | $3K | — | 45x | |
| Lighter MEGA | +0.0544% | 1h | 0.04598 | +0.428% | $651K | $337K | 3x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0556% | 1h | 0.04588 | +0.210% | $18K | $47K | 5x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0600% | 1h | 0.04590 | +0.245% | $111 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
Lighter MEGA
Backpack MEGA_USDC_PERP
Deribit MEGA_USDC-PERPETUAL