Funding you earn now, next payment 02:00 UTC+0.2272%/8h= +248.8% APRpaid last 24h +0.190%
Price spread now: Hyperliquid against Bybit+0.482%7-day average +0.171% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$950.951% of the position
Funding, last 7 days+0.543%+$54 on $10k
+Price spread, last 7 days−0.380%−$38 · spread now +0.482%, 7d avg +0.171%
=Together, before fees+0.163%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$68 a day on $10k at the current rate, and Hyperliquid is 0.311% dearer against Bybit than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.171%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.543% in total (about 28.3% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEGAUSDT | 0.04545 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $3.5M | $5.4M | 20x |
| Short | Hyperliquid MEGA | 0.04567 | 0.2372 | get 0.0297% / 1h | 52m 59s | $7.9M | $2.5M | 3x |
Bybit MEGAUSDT
Hyperliquid MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $477.2
- Price spread: +0.482% → +0.171%
- $31.12
- Slippage, 4 orders
- −$75.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $413.19
- Costs to cover
- 0.951%
- Break-even
- 0.9 days
Slippage from Bybit: live order book, 5 min ago; Hyperliquid: live order book, 9 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 Bybit live order book, 5 min ago | 1.09 bp | 28.3 bp −$28 | 150.9 bp −$1,509 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.32 bp | 9.2 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni MEGAUSDT | −0.0848% | 1h | 0.04584 | +0.858% | $25K | $231K | 50x | as long as short |
| Coinbase International MEGA-PERP-INTX | −0.0432% | 1h | 0.04490 | −1.201% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04550 | +0.107% | $12K | — | 150x | as long as short |
| BloFin MEGA-USDT | +0.0077% | 4h | 0.04554 | +0.198% | $202K | $89K | 50x | as long as short |
| Nado MEGA-PERP | +0.0079% | 1h | 0.04551 | +0.132% | $197K | $140K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04550 | +0.103% | $17K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04543 | −0.048% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04552 | +0.150% | $4.1M | $13.5M | 50x | as long as short |
| Bybit MEGAUSDTlong | +0.0100% | 4h | 0.04545 | long leg | $3.5M | $5.4M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04546 | +0.022% | $932K | $3.1M | 20x | as long as short |
ApeX Omni MEGAUSDT
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04546 | +0.022% | $201K | $318K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04552 | +0.154% | $844K | $359K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04549 | +0.088% | $239K | $116K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04550 | +0.110% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04550 | +0.110% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04556 | +0.242% | $18K | $43K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04575 | +0.666% | $323K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04571 | +0.576% | $28K | $1.7M | 10x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04549 | +0.088% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04554 | +0.198% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04600 | +1.207% | $136K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04549 | +0.086% | $127K | $824K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04552 | +0.150% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0173% | 1h | 0.04575 | +0.660% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04549 | +0.081% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.1120% | 1h | 0.04572 | +0.594% | $643K | $324K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2344% | 1h | 0.04562 | +0.363% | $110 | $15 | 25x | as long as short |
| Hyperliquid MEGAshort | +0.2372% | 1h | 0.04567 | +0.482% | $7.9M | $2.5M | 3x |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL