MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1009%/8h= +110.5% APRnext payment +$1.26 per $10,000 · paid last 24h +0.128%

Price spread now: Hyperliquid against GMX+0.293%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

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Hyperliquid is 0.293% dearer against GMX than usual: you sell high and buy low: +$29 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 MEGA/USD [ETH-USDC]	0.04476	L +0.0236% / S −0.5353%	pay 0.0029% / 1h	12m 38s	$3K	—	45x
Short	Hyperliquid MEGA	0.04490	0.1245	get 0.0156% / 1h	12m 38s	$7.6M	$2.4M	3x

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 +0.293%Rate

Funding earned: $211.96
Price spread: +0.293% → 0.000%: $29.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $220.22
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 10 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, 10 min ago	2.79 bp	18.3 bp −$18	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	−0.0144%	1h	0.04490	+0.311%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04478	+0.034%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0053%	1h	0.04480	+0.067%	$193K	$136K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04478	+0.034%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04479	+0.062%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04480	+0.080%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04482	+0.112%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04479	+0.056%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04478	+0.034%	$910K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04470	−0.145%	$132K	$5K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04478	+0.034%	$192K	$311K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04479	+0.056%	$767K	$352K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04483	+0.145%	$236K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04480	+0.078%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04480	+0.078%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04468	−0.180%	$224K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04470	−0.151%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04469	−0.168%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04477	+0.011%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04482	+0.114%	$127K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0132%	4h	0.04483	+0.145%	$195K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04478	+0.031%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04485	+0.190%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]long	L +0.0236% / S −0.5353%	1h	0.04476	long leg	$3K	—	45x
Backpack MEGA_USDC_PERP	+0.0447%	1h	0.04485	+0.190%	$18K	$41K	5x	as long as short
Hyperliquid MEGAshort	+0.1245%	1h	0.04490	+0.293%	$7.6M	$2.4M	3x
Deribit MEGA_USDC-PERPETUAL	+0.1514%	1h	0.04486	+0.203%	$109	$15	25x	as long as short
Lighter MEGA	+0.2576%	1h	0.04501	+0.547%	$633K	$323K	3x	as long as short