MON

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0146%/8h= +16.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.003%

Price spread now: GMX against Hyperliquid−0.188%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on GMX

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

Funding pays, the price is against you. GMX is 0.188% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.188% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 4.3 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MON	0.02500	0.0100	pay 0.0013% / 1h	19m 55s	$33.5M	$7.6M	5x
Short	GMX MON/USD [ETH-USDC]	0.02495	L +0.0230% / S −0.0246%	get 0.0031% / 1h	19m 55s	$6K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.188%Rate

Funding earned: $30.73
Price spread: −0.188% → 0.000%: −$18.8
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$9.07
Costs to cover: 0.210%
Break-even: 9.1 days

Slippage unknown: Hyperliquid: live order book, 3 min ago; GMX: no order-book sample. 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 Hyperliquid live order book, 3 min ago	1.21 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn'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.

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	−0.0117%	1h	0.02501	+0.040%	$116K	$154K	10x	as long as short
Bybit MONUSDT	−0.0019%	8h	0.02498	−0.084%	$20.5M	$13.7M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02477	−0.920%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02496	−0.176%	$73K	$135K	25x	as long as short
01 Exchange MONUSD	+0.0008%	1h	0.02496	−0.164%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	−0.444%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02493	−0.284%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02495	−0.204%	$815K	$765K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02495	−0.190%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02499	−0.052%	$409K	$571K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MONlong	+0.0100%	1h	0.02500	long leg	$33.5M	$7.6M	5x
Aster MONUSDT	+0.0100%	4h	0.02500	−0.013%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02495	−0.193%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02494	−0.228%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02500	−0.013%	$23.7M	$27.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02499	−0.044%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02479	−0.824%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02499	−0.044%	$935K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02501	+0.036%	$2.9M	$764K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02500	−0.004%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02488	−0.501%	$733K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02475	−1.011%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02477	−0.925%	$550K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02476	−0.964%	$67K	$529K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02495	−0.204%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02502	+0.059%	$47K	$283K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02496	−0.160%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0152%	1h	0.02481	−0.747%	$5K	$81K	10x	as long as short
GMX MON/USD [ETH-USDC]short	L +0.0230% / S −0.0246%	1h	0.02495	−0.188%	$6K	—	50x
BloFin MON-USDT	+0.0340%	4h	0.02487	−0.524%	$1.3M	$348K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02496	−0.172%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+1.196%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1019%	1h	0.02497	−0.123%	$268K	$119K	10x	as long as short