MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0143%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.143%

Price spread now: Deribit against Hyperliquid−0.077%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Deribit is 0.077% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 43 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MEGA	0.04433	0.1257	pay 0.0157% / 1h	42m 19s	$7.5M	$2.4M	3x
Short	Deribit MEGA_USDC-PERPETUAL	0.04430	0.1401	get 0.0175% / 1h	42m 19s	$107	$15	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee DeribitbpOrdersPrice spread, now −0.077%Rate

Funding earned: $30.12
Price spread: −0.077% → 0.000%: −$7.67
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $6.45
Costs to cover: 0.160%
Break-even: 5.5 days

Slippage unknown: Hyperliquid: live order book, 10 min ago; Deribit: no order-book sample. 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, 10 min ago	2.14 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0288%	1h	0.04400	−0.742%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04421	−0.283%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04425	−0.185%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0076%	1h	0.04424	−0.196%	$191K	$151K	2x	as long as short
BloFin MEGA-USDT	+0.0094%	4h	0.04417	−0.365%	$198K	$75K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04422	−0.253%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04423	−0.226%	$19K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04424	−0.196%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04422	−0.253%	$3.9M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04421	−0.275%	$3.4M	$4.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04422	−0.253%	$906K	$2.8M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04450	+0.379%	$131K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04421	−0.275%	$188K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04422	−0.253%	$771K	$351K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04425	−0.185%	$228K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04425	−0.185%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04421	−0.275%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04424	−0.208%	$15K	$39K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04419	−0.331%	$235K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04421	−0.281%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04416	−0.388%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04425	−0.185%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04423	−0.227%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04422	−0.245%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04419	−0.309%	$3K	—	45x	as long as short
Hyperliquid MEGAlong	+0.1257%	1h	0.04433	long leg	$7.5M	$2.4M	3x
Deribit MEGA_USDC-PERPETUALshort	+0.1401%	1h	0.04430	−0.077%	$107	$15	25x
Lighter MEGA	+0.1712%	1h	0.04443	+0.221%	$597K	$299K	3x	as long as short