Funding you earn now, next payment 23:00 UTC−0.1379%/8h= −151.0% APRpaid last 24h −0.140%
Price spread now: BingX against Hyperliquid−0.297%7-day average −0.179% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.345%−$35 on $10k
+Price spread, last 7 days+0.125%+$13 · spread now −0.297%, 7d avg −0.179%
=Together, before fees−0.220%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and BingX is 0.117% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.179%). Swap the legs.
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. 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 | Hyperliquid MEGA | 0.04481 | 0.1479 | pay 0.0185% / 1h | 57m 57s | $7.6M | $2.4M | 3x |
| Short | BingX MEGA-USDT | 0.04468 | 0.0100 | get 0.0050% / 4h | 1h 57m | — | $1.7M | — |
Hyperliquid MEGA
BingX MEGA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$289.55
- Price spread: −0.297% → −0.179%
- −$11.75
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$320.3
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; BingX: live order book, 4 min ago. Net counts fees only.
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, 4 min ago | 3.01 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 15.64 bp | 34.5 bp −$35 | 95.7 bp −$957 | 636.8 bp −$63.7K | 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 | −0.0144% | 1h | 0.04490 | +0.203% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04468 | −0.301% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04474 | −0.163% | $20K | $6K | 5x | as long as short |
| Nado MEGA-PERP | +0.0022% | 1h | 0.04470 | −0.241% | $193K | $150K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0098% | 4h | 0.04469 | −0.274% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04469 | −0.282% | $20K | $80K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04473 | −0.187% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04470 | −0.251% | $4.0M | $12.7M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04467 | −0.319% | $3.4M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04470 | −0.252% | $915K | $2.9M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk MEGA-USD | +0.0100% | 1h | 0.04471 | −0.223% | $132K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04468 | −0.297% | $191K | $309K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04469 | −0.274% | $764K | $345K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04472 | −0.208% | $236K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04470 | −0.252% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDTshort | +0.0100% | 4h | 0.04468 | −0.297% | — | $1.7M | — | |
| Variational Omni MEGA | +0.0100% | 4h | 0.04472 | −0.200% | $238K | $109K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04476 | −0.121% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04475 | −0.141% | $24K | $230K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04469 | −0.274% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04469 | −0.279% | $127K | $613K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0128% | 4h | 0.04480 | −0.029% | $197K | $76K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04470 | −0.248% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04468 | −0.297% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0590% | 1h | 0.04473 | −0.185% | $18K | $41K | 5x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1115% | 1h | 0.04476 | −0.129% | $108 | $15 | 25x | as long as short |
| Hyperliquid MEGAlong | +0.1479% | 1h | 0.04481 | long leg | $7.6M | $2.4M | 3x | |
| Lighter MEGA | +0.1776% | 1h | 0.04490 | +0.194% | $621K | $310K | 3x | as long as short |
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA