Funding you earn now, next payment 06:00 UTC−0.0426%/8h= −46.6% APRpaid last 24h −0.198%
Price spread now: Binance against Hyperliquid−0.044%7-day average −0.156% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$910.910% of the position
Funding, last 7 days−0.437%−$44 on $10k
+Price spread, last 7 days−0.105%−$11 · spread now −0.044%, 7d avg −0.156%
=Together, before fees−0.543%+ Points / potential airdropHyperliquid: Season 2 · farm board−$54 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.112% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.156%): +$11 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.437% in total) that is about 43 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MEGA | 0.04506 | 0.0526 | pay 0.0066% / 1h | 32m 53s | $7.8M | $2.6M | 3x |
| Short | Binance MEGAUSDT | 0.04504 | 0.0100 | get 0.0050% / 4h | 2h 32m | $4.0M | $13.8M | 50x |
Hyperliquid MEGA
Binance MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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
- −$89.42
- Price spread: −0.044% → −0.156%
- $11.16
- Slippage, 4 orders
- −$72.04
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$169.31
- Costs to cover
- 0.910%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Binance: live order book, 8 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 Hyperliquid live order book, 9 min ago | 1.66 bp | 17.5 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.12 bp | 30.1 bp −$30 | 113.4 bp −$1,134 | 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 | −0.0048% | 1h | 0.04589 | +1.853% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04494 | −0.269% | $1K | — | 150x | as long as short |
| Bybit MEGAUSDT | +0.0011% | 4h | 0.04500 | −0.133% | $3.4M | $5.9M | 20x | as long as short |
| BloFin MEGA-USDT | +0.0044% | 4h | 0.04489 | −0.377% | $198K | $93K | 50x | as long as short |
| Nado MEGA-PERP | +0.0062% | 1h | 0.04487 | −0.411% | $193K | $141K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04500 | −0.130% | $18K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04485 | −0.462% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDTshort | +0.0100% | 4h | 0.04504 | −0.044% | $4.0M | $13.8M | 50x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04502 | −0.089% | $913K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04511 | +0.117% | $133K | $111 | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Bybit MEGAUSDT
BloFin MEGA-USDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
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_USDT | +0.0100% | 4h | 0.04500 | −0.133% | $201K | $329K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04505 | −0.022% | $796K | $391K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04496 | −0.222% | $227K | $120K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04503 | −0.067% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04501 | −0.111% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04502 | −0.089% | $18K | $55K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04520 | +0.317% | $319K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04518 | +0.266% | $20K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04524 | +0.399% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04494 | −0.266% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04495 | −0.244% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04502 | −0.094% | $126K | $429K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04490 | −0.348% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0177% | 1h | 0.04522 | +0.355% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04494 | −0.264% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0432% | 1h | 0.04520 | +0.311% | $616K | $366K | 3x | as long as short |
| Hyperliquid MEGAlong | +0.0526% | 1h | 0.04506 | long leg | $7.8M | $2.6M | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.1107% | 1h | 0.04501 | −0.107% | $109 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
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
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL