MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1107%/8h= −121.2% APRnext payment −$1.38 per $10,000 · paid last 24h −0.194%

Price spread now: gTrade (Gains Network) against Hyperliquid−0.280%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and gTrade (Gains Network) is 0.280% cheaper against Hyperliquid than usual: you would sell low and buy high (−$28 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MEGA	0.04517	0.1084	pay 0.0136% / 1h	37m 37s	$7.7M	$2.4M	3x
Short	gTrade (Gains Network) MEGA/USD	0.04504	L −0.0018% / S +0.0023%	pay 0.0003% / 1h	37m 37s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.280%Rate

Funding earned: −$232.48
Price spread: −0.280% → 0.000%: −$27.96
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$281.44
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 5 min ago; gTrade (Gains Network): 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, 5 min ago	3.21 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
gTrade (Gains Network) MEGA/USDshort	L −0.0018% / S +0.0023%	1h	0.04504	−0.280%	$12K	—	150x
BloFin MEGA-USDT	+0.0056%	4h	0.04506	−0.241%	$195K	$77K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04506	−0.241%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04505	−0.260%	$18K	$83K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04507	−0.219%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04504	−0.283%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04500	−0.374%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04501	−0.352%	$917K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04505	−0.263%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04504	−0.286%	$193K	$309K	20x	as long as short

Show 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	−0.241%	$770K	$350K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04502	−0.330%	$237K	$114K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04502	−0.330%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04500	−0.374%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04503	−0.309%	$226K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04507	−0.214%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04506	−0.241%	$25K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04508	−0.197%	$1K	$1.9M	10x	as long as short
Nado MEGA-PERP	+0.0102%	1h	0.04504	−0.286%	$195K	$135K	2x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04502	−0.336%	$128K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04506	−0.242%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04503	−0.299%	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.0296%	1h	0.04490	−0.587%	$5K	$12K	50x	as long as short
Phoenix MEGA	+0.0355%	1h	0.04508	−0.197%	$21K	$7K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0678%	1h	0.04509	−0.175%	$18K	$41K	5x	as long as short
Hyperliquid MEGAlong	+0.1084%	1h	0.04517	long leg	$7.7M	$2.4M	3x
Deribit MEGA_USDC-PERPETUAL	+0.1370%	1h	0.04512	−0.104%	$109	$15	25x	as long as short
Lighter MEGA	+0.1544%	1h	0.04527	+0.224%	$637K	$319K	3x	as long as short