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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.195%
Price spread now: Hyperliquid against BloFin+0.454%47s7-day average +0.074% · 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+0.456%+$46 on $10k
Price spread, last 4 days (all we have)−4.074%−$407 · spread now +0.454%, 7d avg +0.074%
Together, before fees−3.618%+ Points / potential airdropHyperliquid: Season 2 · farm board−$362 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.380% dearer against BloFin than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +0.074%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MEGA-USDT0.046030.0096pay 0.0048% / 4h32m 27s$203K$95K50x
ShortHyperliquid MEGA0.046240.0100get 0.0013% / 1h32m 27s$8.0M$2.6M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
$0.82
Price spread: +0.454% → +0.074%
$38.05
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$17.86
Costs to cover
0.210%
Break-even
from the start
Slippage unknown: BloFin: live order book, 65 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 65 min ago2.20 bp16.9 bp −$1771.8 bp −$718doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago2.92 bp20.6 bp −$21doesn'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
Coinbase International MEGA-PERP-INTX−0.0744%1h0.04589−0.293%$5K$13K50xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04614+0.239%$1K150xas long as short
Nado MEGA-PERP+0.0052%1h0.04613+0.217%$200K$142K2xas long as short
BloFin MEGA-USDTlong+0.0096%4h0.04603long leg$203K$95K50x
Hyperliquid MEGAshort+0.0100%1h0.04624+0.454%$8.0M$2.6M3x
Aster MEGAUSDT+0.0100%4h0.04605+0.035%$19K$90K5xas long as short
Pacifica MEGA+0.0100%1h0.04620+0.365%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04618+0.327%$4.1M$13.6M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04614+0.239%$3.6M$5.7M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04614+0.239%$946K$3.2M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk MEGA-USD+0.0100%1h0.04590−0.282%$136K$4K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04617+0.304%$200K$321K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04618+0.326%$810K$374K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04618+0.326%$237K$119K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04617+0.304%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04618+0.326%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04585−0.387%$324K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04598−0.113%$21K$1.8M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04599−0.087%$24K$230K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04614+0.239%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04615+0.261%$2K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04618+0.333%$131K$824K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04614+0.233%$33xas long as short
Phoenix MEGA+0.0176%1h0.04596−0.152%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0238% / S −0.5353%1h0.04614+0.230%$3K45xas long as short
Backpack MEGA_USDC_PERP+0.0440%1h0.04624+0.456%$20K$50K5xas long as short
Lighter MEGA+0.0536%1h0.04643+0.869%$657K$340K3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1158%1h0.04623+0.430%$112$1525xas long as short