Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0937%/8h= +102.6% APRpaid last 24h +0.157%
Price spread now: Hyperliquid against Bitget+0.184%7-day average +0.164% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.372%+$37 on $10k
Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.184%, 7d avg +0.164%
Together, before fees+0.390%+ Points / potential airdropHyperliquid: Season 2 · farm board+$39 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.164%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.372% in total (about 19.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MEGAUSDT0.045200.0100pay 0.0050% / 4h16m 46s$1.1M$1.4M50x
ShortHyperliquid MEGA0.045280.1037get 0.0130% / 1h16m 46s$7.7M$2.4M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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

Funding earned
$196.83
Price spread: +0.184% → +0.164%
$1.96
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$177.79
Costs to cover
0.210%
Break-even
0.7 days
Slippage unknown: Bitget: live order book, 5 min ago; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago5.53 bp27.1 bp −$27112.8 bp −$1,128doesn't fitdoesn't fit
Sell Hyperliquid live order book, 6 min ago0.11 bp14.3 bp −$14doesn't fitdoesn't fitdoesn't fit

MEGA on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04517−0.062%$12K150xas long as short
BloFin MEGA-USDT+0.0047%4h0.04524+0.088%$195K$77K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04516−0.088%$3K$2K10xas long as short
Nado MEGA-PERP+0.0100%1h0.04516−0.077%$195K$135K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04520−0.002%$18K$83K5xas long as short
Pacifica MEGA+0.0100%1h0.04521+0.020%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.045200.000%$3.9M$12.9M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04518−0.044%$3.5M$4.9M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04516−0.088%$922K$2.9M20xas long as short
Bulk MEGA-USD+0.0100%1h0.045200.000%$133K$4K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate MEGA_USDT+0.0100%4h0.04517−0.066%$196K$313K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04519−0.022%$767K$353K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04522+0.044%$238K$114K50xas long as short
Bitget MEGAUSDTlong+0.0100%4h0.04520long leg$1.1M$1.4M50x
BingX MEGA-USDT+0.0100%4h0.04517−0.066%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04517−0.058%$227K$133Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04513−0.155%$21K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04509−0.243%$25K$230K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04517−0.066%$1K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04518−0.052%$128K$613K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04516−0.081%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0236% / S −0.5353%1h0.04518−0.051%$3K45xas long as short
Coinbase International MEGA-PERP-INTX+0.0296%1h0.04490−0.655%$5K$12K50xas long as short
Phoenix MEGA+0.0355%1h0.04524+0.088%$21K$7K5xas long as short
Backpack MEGA_USDC_PERP+0.0470%1h0.04522+0.044%$18K$41K5xas long as short
Hyperliquid MEGAshort+0.1037%1h0.04528+0.184%$7.7M$2.4M3x
Deribit MEGA_USDC-PERPETUAL+0.1121%1h0.04528+0.175%$110$1525xas long as short
Lighter MEGA+0.1440%1h0.04543+0.509%$639K$320K3xas long as short