Funding you earn now, next payment 04:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.207%
Price spread now: Bybit against Hyperliquid−0.175%7-day average −0.172% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$940.943% of the position
Funding, last 7 days−0.561%−$56 on $10k
+Price spread, last 7 days+0.075%+$8 · spread now −0.175%, 7d avg −0.172%
=Together, before fees−0.486%+ Points / potential airdropHyperliquid: Season 2 · farm board−$49 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.172%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| 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 44s | $7.9M | $2.6M | 3x |
| Short | Bybit MEGAUSDT | 0.04551 | 0.0100 | get 0.0050% / 4h | 58m 44s | $3.6M | $5.6M | 20x |
Hyperliquid MEGA
Bybit MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.175% → −0.172%
- −$0.33
- Slippage, 4 orders
- −$74.34
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$117.16
- Costs to cover
- 0.943%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 2.20 bp | 32.0 bp −$32 | 135.9 bp −$1,359 | 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 | −0.0744% | 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 | 0.04550 | −0.189% | $18K | $89K | 5x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04553 | −0.132% | $4.0M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDTshort | +0.0100% | 4h | 0.04551 | −0.175% | $3.6M | $5.6M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04551 | −0.175% | $933K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04560 | +0.022% | $135K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04550 | −0.197% | $198K | $319K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
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 | 0.04553 | −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 | 0.04553 | −0.132% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04551 | −0.175% | — | $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 | 0.04551 | −0.166% | $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 |
| Pacifica MEGA | +0.0245% | 1h | 0.04546 | −0.276% | $14K | $9K | 3x | 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 |
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]
Pacifica MEGA
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL