Funding you earn now, next payment 04:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.198%
Price spread now: Hyperliquid against BingX+0.242%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1011.014% of the position
Funding, last 7 days+0.414%+$41 on $10k
+Price spread, last 7 days−0.085%−$8 · spread now +0.242%, 7d avg +0.182%
=Together, before fees+0.329%+ Points / potential airdropHyperliquid: Season 2 · farm board+$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.060% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.182%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX MEGA-USDT | 0.04548 | 0.0100 | pay 0.0050% / 4h | 58m 39s | — | $1.7M | — |
| Short | Hyperliquid MEGA | 0.04559 | 0.0207 | get 0.0026% / 1h | 58m 39s | $7.9M | $2.6M | 3x |
BingX MEGA-USDT
Hyperliquid MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $22.49
- Price spread: +0.242% → +0.182%
- $5.96
- Slippage, 4 orders
- −$82.4
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$72.95
- Costs to cover
- 1.014%
- Break-even
- 29.7 days
Slippage from BingX: live order book, 3 min ago; Hyperliquid: live order book, 4 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 BingX live order book, 3 min ago | 16.51 bp | 37.2 bp −$37 | 100.9 bp −$1,009 | 886.7 bp −$88.7K | 1310.9 bp −$655.5K |
| Sell Hyperliquid live order book, 4 min ago | 2.75 bp | 8.7 bp −$9 | 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 | 0.04490 | −1.266% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04546 | −0.046% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0039% | 1h | 0.04544 | −0.088% | $197K | $142K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0051% | 4h | 0.04548 | 0.000% | $203K | $94K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04551 | +0.077% | $18K | $89K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04553 | +0.119% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04552 | +0.088% | $4.0M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04551 | +0.066% | $3.6M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04549 | +0.022% | $933K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04560 | +0.264% | $135K | $4K | 10x | 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-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04550 | +0.044% | $198K | $319K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04553 | +0.110% | $827K | $365K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04552 | +0.088% | $229K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04552 | +0.088% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDTlong | +0.0100% | 4h | 0.04548 | long leg | — | $1.7M | — | |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04555 | +0.154% | $18K | $47K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04541 | −0.152% | $321K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04548 | −0.007% | $24K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04545 | −0.066% | $24K | $232K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04551 | +0.066% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04545 | −0.066% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04550 | +0.043% | $127K | $823K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04540 | −0.171% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04545 | −0.066% | $21K | $6K | 5x | as long as short |
| Hyperliquid MEGAshort | +0.0207% | 1h | 0.04559 | +0.242% | $7.9M | $2.6M | 3x | |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04546 | −0.042% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0480% | 1h | 0.04575 | +0.594% | $647K | $335K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2145% | 1h | 0.04563 | +0.330% | $110 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL