Funding you earn now, next payment 04:00 UTC+0.0038%/8h= +4.1% APRpaid last 24h +0.198%
Price spread now: Hyperliquid against Gate+0.178%7-day average +0.185% · you sell dearer than you buy
Net, funding: paid 7d − costs−$378as in the Funding arb table
Net, price: spread back to 7d avg − costs−$423as in the Price arb table
costs, in and out, $10k−$4234.226% of the position
Funding, last 7 days+0.442%+$44 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now +0.178%, 7d avg +0.185%
=Together, before fees+0.497%+ Points / potential airdropHyperliquid: Season 2 · farm board+$50 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.185%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate MEGA_USDT | 0.04613 | 0.0100 | pay 0.0050% / 4h | 8m 55s | $200K | $321K | 20x |
| Short | Hyperliquid MEGA | 0.04621 | 0.0138 | get 0.0017% / 1h | 8m 55s | $8.0M | $2.6M | 3x |
Gate MEGA_USDT
Hyperliquid MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $7.94
- Price spread: +0.178% → +0.185%
- −$0.73
- Slippage, 4 orders
- −$398.55
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$415.34
- Costs to cover
- 4.226%
- Break-even
- 373.2 days
Slippage from Gate: live order book, 43 min ago; Hyperliquid: live order book, 3 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 Gate live order book, 43 min ago | 8.72 bp | 220.2 bp −$220 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 2.91 bp | 10.8 bp −$11 | 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 | 0.04589 | −0.509% | $5K | $13K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04619 | +0.130% | $1K | — | 150x | as long as short |
| BloFin MEGA-USDT | +0.0076% | 4h | 0.04618 | +0.108% | $204K | $96K | 50x | as long as short |
| Nado MEGA-PERP | +0.0076% | 1h | 0.04618 | +0.119% | $199K | $143K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04617 | +0.081% | $19K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04621 | +0.176% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04610 | −0.065% | $4.1M | $13.7M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04609 | −0.087% | $3.6M | $5.7M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04608 | −0.108% | $947K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04630 | +0.364% | $137K | $111 | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Nado MEGA-PERP
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_USDTlong | +0.0100% | 4h | 0.04613 | long leg | $200K | $321K | 20x | |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04611 | −0.043% | $810K | $377K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04612 | −0.022% | $235K | $118K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04612 | −0.022% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04608 | −0.108% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04627 | +0.296% | $327K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04621 | +0.180% | $26K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04623 | +0.217% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04618 | +0.108% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04615 | +0.043% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04607 | −0.136% | $129K | $821K | 5x | as long as short |
| Hyperliquid MEGAshort | +0.0138% | 1h | 0.04621 | +0.178% | $8.0M | $2.6M | 3x | |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04616 | +0.059% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04626 | +0.282% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0238% / S −0.5353% | 1h | 0.04618 | +0.119% | $3K | — | 45x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0421% | 1h | 0.04623 | +0.208% | $112 | $15 | 25x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0510% | 1h | 0.04615 | +0.043% | $19K | $53K | 5x | as long as short |
| Lighter MEGA | +0.0592% | 1h | 0.04639 | +0.564% | $656K | $340K | 3x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
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]
Deribit MEGA_USDC-PERPETUAL
Backpack MEGA_USDC_PERP
Lighter MEGA