Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.197%
Price spread now: Hyperliquid against Extended+0.160%7-day average +0.217% · you sell dearer than you buy
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1401.404% of the position
Funding, last 7 days+0.439%+$44 on $10k
+Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.160%, 7d avg +0.217%
=Together, before fees+0.524%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$52 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 0.057% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.217%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MEGA-USD | 0.04531 | 0.0104 | pay 0.0013% / 1h | 47m 08s | $130K | $829K | 5x |
| Short | Hyperliquid MEGA | 0.04538 | 0.0100 | get 0.0013% / 1h | 47m 08s | $7.8M | $2.6M | 3x |
Extended MEGA-USD
Hyperliquid MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. 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
- −$0.84
- Price spread: +0.160% → +0.217%
- −$5.71
- Slippage, 4 orders
- −$126.42
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$146.97
- Costs to cover
- 1.404%
- Break-even
- never at this rate
Slippage from Extended: live order book, 16 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 Extended live order book, 16 min ago | 3.29 bp | 47.3 bp −$47 | 270.3 bp −$2,703 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 1.64 bp | 20.5 bp −$20 | 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 | −0.0800% | 1h | 0.04490 | −0.892% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04532 | +0.022% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0067% | 1h | 0.04533 | +0.048% | $196K | $141K | 2x | as long as short |
| Hyperliquid MEGAshort | +0.0100% | 1h | 0.04538 | +0.160% | $7.8M | $2.6M | 3x | |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04533 | +0.042% | $18K | $90K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04532 | +0.019% | $4.0M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04532 | +0.026% | $3.5M | $5.5M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04529 | −0.040% | $930K | $3.1M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04530 | −0.018% | $200K | $317K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04530 | −0.018% | $803K | $364K | 50x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
Aster MEGAUSDT
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDT
MEXC MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04530 | −0.018% | $226K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04532 | +0.026% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04531 | +0.004% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04534 | +0.070% | $18K | $46K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04544 | +0.293% | $321K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04548 | +0.376% | $30K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04534 | +0.070% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04532 | +0.026% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04530 | −0.018% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04571 | +0.885% | $135K | $4K | 10x | as long as short |
| Extended MEGA-USDlong | +0.0104% | 1h | 0.04531 | long leg | $130K | $829K | 5x | |
| BloFin MEGA-USDT | +0.0138% | 4h | 0.04537 | +0.136% | — | $91K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04530 | −0.024% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04544 | +0.291% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04531 | +0.004% | $3K | — | 45x | as long as short |
| Pacifica MEGA | +0.0245% | 1h | 0.04533 | +0.048% | $14K | $9K | 3x | as long as short |
| Lighter MEGA | +0.0528% | 1h | 0.04554 | +0.511% | $644K | $330K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1824% | 1h | 0.04543 | +0.258% | $110 | $15 | 25x | as long as short |
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Pacifica MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL