Funding you earn now, next payment 04:00 UTC−0.0107%/8h= −11.7% APRnext payment −$0.13 per $10,000 · paid last 24h −0.198%
Price spread now: Bulk against Hyperliquid+0.022%7-day average −0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$780.782% of the position
Funding, last 4 days (all we have)−0.403%−$40 on $10k
+Price spread, last 4 days (all we have)−0.303%−$30 · spread now +0.022%, 7d avg −0.134%
=Together, before fees−0.706%+ Points / potential airdropHyperliquid: Season 2 · farm board−$71 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bulk is 0.156% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.134%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.9 days. At the pace of the last 4 days (−0.403% in total) that is about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MEGA | 0.04559 | 0.0207 | pay 0.0026% / 1h | 58m 38s | $7.9M | $2.6M | 3x |
| Short | Bulk MEGA-USD | 0.04560 | 0.0100 | get 0.0013% / 1h | 58m 38s | $135K | $4K | 10x |
Hyperliquid MEGA
Bulk MEGA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$22.49
- Price spread: +0.022% → −0.134%
- $15.64
- Slippage, 4 orders
- −$62.17
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$85.02
- Costs to cover
- 0.782%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Bulk: live order book, 65 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, 4 min ago | 2.75 bp | 19.9 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bulk live order book, 65 min ago | 10.95 bp | 14.5 bp −$14 | 54.8 bp −$548 | 284.2 bp −$28.4K | 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 | 0.04490 | −1.505% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04546 | −0.287% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0039% | 1h | 0.04544 | −0.329% | $197K | $142K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0051% | 4h | 0.04548 | −0.241% | $203K | $94K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04551 | −0.165% | $18K | $89K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04553 | −0.123% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04552 | −0.154% | $4.0M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04551 | −0.175% | $3.6M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04549 | −0.219% | $933K | $3.1M | 20x | as long as short |
| Bulk MEGA-USDshort | +0.0100% | 1h | 0.04560 | +0.022% | $135K | $4K | 10x |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04550 | −0.197% | $198K | $319K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04553 | −0.132% | $827K | $365K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04552 | −0.154% | $229K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04552 | −0.154% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04548 | −0.241% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04555 | −0.088% | $18K | $47K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04541 | −0.393% | $321K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04548 | −0.249% | $24K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04545 | −0.307% | $24K | $232K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04551 | −0.175% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04545 | −0.307% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04550 | −0.198% | $127K | $823K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04540 | −0.412% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04545 | −0.307% | $21K | $6K | 5x | as long as short |
| Hyperliquid MEGAlong | +0.0207% | 1h | 0.04559 | long leg | $7.9M | $2.6M | 3x | |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04546 | −0.283% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0480% | 1h | 0.04575 | +0.351% | $647K | $335K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2145% | 1h | 0.04563 | +0.088% | $110 | $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