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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.1379%/8h= −151.0% APRnext payment $1.72 per $10,000 · paid last 24h −0.140%
Price spread now: ApeX Omni against Hyperliquid−0.143%7-day average −0.127% · you buy dearer than you sell
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−0.345%−$35 on $10k
Price spread, last 3 days (all we have)−0.105%−$11 · spread now −0.143%, 7d avg −0.127%
Together, before fees−0.450%+ Points / potential airdropHyperliquid: Season 2 · farm board−$45 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.127%, so right now this pair is about funding alone: −$41 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 -0.345% in total (about -18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.72 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MEGA0.044810.1479pay 0.0185% / 1h57m 12s$7.6M$2.4M3x
ShortApeX Omni MEGAUSDT0.044750.0100get 0.0013% / 1h57m 12s$24K$230K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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
−$289.66
Price spread: −0.143% → −0.127%
−$1.59
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$310.25
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; ApeX Omni: live order book, 24 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 Hyperliquid live order book, 5 min ago3.01 bp12.3 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 24 min ago8.90 bp17.0 bp −$17142.2 bp −$1,422doesn'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−0.0144%1h0.04490+0.201%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04468−0.295%$12K150xas long as short
Phoenix MEGA0.0000%1h0.04474−0.165%$20K$7K5xas long as short
Nado MEGA-PERP+0.0024%1h0.04469−0.266%$193K$150K2xas long as short
Orderly PERP_MEGA_USDC+0.0098%4h0.04469−0.277%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04469−0.287%$20K$80K5xas long as short
Pacifica MEGA+0.0100%1h0.04472−0.210%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04470−0.256%$4.0M$12.7M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04468−0.299%$3.4M$4.9M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04470−0.254%$915K$2.9M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk MEGA-USD+0.0100%1h0.04471−0.225%$132K$5K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04468−0.299%$191K$309K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04469−0.277%$764K$345K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04472−0.210%$236K$112K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04471−0.232%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04468−0.299%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04472−0.202%$238K$109Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04476−0.123%$21K$1.7M10xas long as short
ApeX Omni MEGAUSDTshort+0.0100%1h0.04475−0.143%$24K$230K50x
SunX MEGA-USDT+0.0100%4h0.04470−0.254%$1K$1.9M10xas long as short
BloFin MEGA-USDT+0.0102%4h0.04472−0.210%$197K$76K50xas long as short
Extended MEGA-USD+0.0104%1h0.04470−0.258%$127K$613K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04470−0.250%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0236% / S −0.5353%1h0.04467−0.315%$3K45xas long as short
Backpack MEGA_USDC_PERP+0.0590%1h0.04473−0.187%$18K$41K5xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1003%1h0.04475−0.154%$108$1525xas long as short
Hyperliquid MEGAlong+0.1479%1h0.04481long leg$7.6M$2.4M3x
Lighter MEGA+0.1488%1h0.04490+0.192%$621K$310K3xas long as short