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Funding spread now, next payment 15:00 UTC+0.4967%/8h
next payment, per $10,000+$6.21paid, last 24h+0.470%paid, last 3 days−0.039%to open and closeno order book
Long on HyperliquidShort on GMX
The current rate is far above what this pair has been paying: over the last 3 days it paid -0.039% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.21 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MEGA0.046110.0386pay 0.0048% / 1h8m 46s$6.9M$1.4M3x
ShortGMX MEGA/USD [ETH-USDC]0.04593L +0.0239% / S −0.5353%get 0.0669% / 1h8m 46s$3K—45x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$1,043.02
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee GMX: 6 bp × 2 orders
−$12
Net
$1,022.02
Break-even
0.1 days
Slippage unknown: Hyperliquid: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−0.388%
Avg gap 7d
—
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 5 min ago3.49 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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.

MEGA on 27 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit MEGAUSDT−0.0237%4h$3.2M$3.1M20xas long as short
gTrade (Gains Network) MEGA/USDL −0.0022% / S +0.0023%1h$15K—150xas long as short
Nado MEGA-PERP+0.0098%1h$183K$73K2xas long as short
Aster MEGAUSDT+0.0100%4h$36K$44K5xas long as short
Pacifica MEGA+0.0100%1h$15K$6K3xas long as short
Binance MEGAUSDT+0.0100%4h$4.4M$7.4M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h$915K$1.8M20xas long as short
Bulk MEGA-USD+0.0100%1h$136K$56910xas long as short
Gate MEGA_USDT+0.0100%4h$212K$156K20xas long as short
MEXC MEGA_USDT+0.0100%4h$648K$269K50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin MEGAUSDTM+0.0100%4h$221K$65K50xas long as short
Bitget MEGAUSDT+0.0100%4h$1.1M$854K50xas long as short
BingX MEGA-USDT+0.0100%4h—$1.7M—as long as short
Variational Omni MEGA+0.0100%4h$182K$17K—as long as short
ApeX Omni MEGAUSDT+0.0100%1h$28K$215K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h$3K$5310xas long as short
SunX MEGA-USDT+0.0100%4h$2K$1.3M10xas long as short
Extended MEGA-USD+0.0104%1h$136K$600K5xas long as short
BloFin MEGA-USDT+0.0145%4h$214K$59K50xas long as short
Reya MEGARUSDPERP+0.0159%1h$3—3xas long as short
GMX MEGA/USD [ETH-USDC]shortL +0.0239% / S −0.5353%1h$3K—45x
Phoenix MEGA+0.0360%1h$21K$5K5xas long as short
Hyperliquid MEGAlong+0.0386%1h$6.9M$1.4M3x
Backpack MEGA_USDC_PERP+0.0446%1h$16K$29K5xas long as short
Coinbase International MEGA-PERP-INTX+0.1224%1h$8K$5K50xas long as short
Deribit MEGA_USDC-PERPETUAL+0.2014%1h$111$1525xas long as short
Lighter MEGA+0.2200%1h$593K$159K3xas long as short