Funding you earn now, next payment 06:00 UTC−0.0483%/8h= −52.9% APRpaid last 24h −0.193%
Price spread now: BloFin against Hyperliquid−0.552%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$820.824% of the position
Funding, last 7 days−0.446%−$45 on $10k
+Price spread, last 4 days (all we have)+2.377%+$238 · spread now −0.552%, 7d avg −0.073%
=Together, before fees+1.931%+ Points / potential airdropHyperliquid: Season 2 · farm board+$193 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and BloFin is 0.479% cheaper against Hyperliquid than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MEGA | 0.04514 | 0.0528 | pay 0.0066% / 1h | 32m 40s | $7.8M | $2.6M | 3x |
| Short | BloFin MEGA-USDT | 0.04489 | 0.0044 | get 0.0022% / 4h | 2h 32m | $198K | $93K | 50x |
Hyperliquid MEGA
BloFin MEGA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$101.51
- Price spread: −0.552% → −0.073%
- −$47.89
- Slippage, 4 orders
- −$61.44
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$231.83
- Costs to cover
- 0.824%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; BloFin: live order book, 48 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, 10 min ago | 1.66 bp | 17.5 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 48 min ago | 8.74 bp | 30.4 bp −$30 | 87.1 bp −$871 | 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 | +1.675% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04494 | −0.444% | $1K | — | 150x | as long as short |
| Bybit MEGAUSDT | +0.0032% | 4h | 0.04501 | −0.286% | $3.4M | $5.9M | 20x | as long as short |
| BloFin MEGA-USDTshort | +0.0044% | 4h | 0.04489 | −0.552% | $198K | $93K | 50x | |
| Nado MEGA-PERP | +0.0059% | 1h | 0.04501 | −0.275% | $194K | $141K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04503 | −0.240% | $18K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04507 | −0.162% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04505 | −0.197% | $4.0M | $13.8M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04496 | −0.397% | $913K | $3.1M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04505 | −0.197% | $202K | $330K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Bybit MEGAUSDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04506 | −0.175% | $792K | $391K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04503 | −0.241% | $228K | $120K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04504 | −0.219% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04502 | −0.264% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04502 | −0.264% | $18K | $55K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04520 | +0.142% | $319K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04518 | +0.091% | $20K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04524 | +0.224% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04494 | −0.441% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04495 | −0.419% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04501 | −0.295% | $133K | $111 | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04502 | −0.268% | $126K | $429K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04490 | −0.522% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0177% | 1h | 0.04522 | +0.179% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04494 | −0.439% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0432% | 1h | 0.04527 | +0.290% | $617K | $366K | 3x | as long as short |
| Hyperliquid MEGAlong | +0.0528% | 1h | 0.04514 | long leg | $7.8M | $2.6M | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.1107% | 1h | 0.04501 | −0.281% | $109 | $15 | 25x | as long as short |
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
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL