Funding you earn now, next payment 04:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.198%
Price spread now: Hyperliquid against Binance+0.253%7-day average +0.157% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$970.969% of the position
Funding, last 7 days+0.446%+$45 on $10k
+Price spread, last 7 days−0.099%−$10 · spread now +0.253%, 7d avg +0.157%
=Together, before fees+0.346%+ Points / potential airdropHyperliquid: Season 2 · farm board+$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.097% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.157%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MEGAUSDT | 0.04600 | 0.0100 | pay 0.0050% / 4h | 7m 02s | $4.1M | $13.7M | 50x |
| Short | Hyperliquid MEGA | 0.04612 | 0.0149 | get 0.0019% / 1h | 7m 02s | $8.0M | $2.6M | 3x |
Binance MEGAUSDT
Hyperliquid MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Binance. 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
- $10.22
- Price spread: +0.253% → +0.157%
- $9.68
- Slippage, 4 orders
- −$77.89
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$76.99
- Costs to cover
- 0.969%
- Break-even
- 59.7 days
Slippage from Binance: live order book, 3 min ago; Hyperliquid: live order book, 5 min ago.
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 Binance live order book, 3 min ago | 3.25 bp | 30.4 bp −$30 | 123.5 bp −$1,235 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 2.91 bp | 10.8 bp −$11 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.227% | $5K | $13K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04602 | +0.039% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0077% | 1h | 0.04601 | +0.023% | $198K | $143K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04602 | +0.049% | $19K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04603 | +0.060% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDTlong | +0.0100% | 4h | 0.04600 | long leg | $4.1M | $13.7M | 50x | |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04595 | −0.108% | $3.6M | $5.7M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04596 | −0.086% | $942K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04630 | +0.649% | $137K | $111 | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04602 | +0.045% | $199K | $321K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04602 | +0.045% | $808K | $377K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04603 | +0.066% | $235K | $118K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04597 | −0.064% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04600 | +0.001% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04627 | +0.580% | $327K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04621 | +0.464% | $26K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04623 | +0.501% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04602 | +0.045% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04602 | +0.045% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04595 | −0.114% | $129K | $821K | 5x | as long as short |
| Hyperliquid MEGAshort | +0.0149% | 1h | 0.04612 | +0.253% | $8.0M | $2.6M | 3x | |
| BloFin MEGA-USDT | +0.0149% | 4h | 0.04607 | +0.153% | $203K | $95K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04599 | −0.026% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04626 | +0.566% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0238% / S −0.5353% | 1h | 0.04603 | +0.071% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0471% | 1h | 0.04606 | +0.132% | $18K | $53K | 5x | as long as short |
| Lighter MEGA | +0.0584% | 1h | 0.04627 | +0.588% | $655K | $340K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0923% | 1h | 0.04609 | +0.186% | $112 | $15 | 25x | as long as short |
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
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL