MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0461%/8h= +50.5% APRnext payment +$0.58 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against Hyperliquid+0.214%7-day average +0.090% · you sell dearer than you buy

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

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−0.421%−$42 · spread now +0.214%, 7d avg +0.090%

Together, before fees−0.555%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Lighter is 0.124% dearer against Hyperliquid than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.090%. Mind the row above: over the last 7 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MEGA	0.04433	0.1251	pay 0.0156% / 1h	42m 05s	$7.5M	$2.4M	3x
Short	Lighter MEGA	0.04443	0.1712	get 0.0214% / 1h	42m 05s	$597K	$299K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.214%Rate

Funding earned: $96.85
Price spread: +0.214% → +0.090%: $12.39
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $100.25
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 10 min ago; Lighter: live order book, 42 min ago. 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 Lighter live order book, 42 min ago	57.78 bp	105.3 bp −$105	doesn't fit	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	−0.0288%	1h	0.04400	−0.749%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04421	−0.290%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04425	−0.192%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0076%	1h	0.04424	−0.203%	$191K	$151K	2x	as long as short
BloFin MEGA-USDT	+0.0094%	4h	0.04417	−0.372%	$198K	$75K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04422	−0.259%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04423	−0.232%	$19K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04424	−0.203%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04422	−0.256%	$3.9M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04421	−0.282%	$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	−0.259%	$906K	$2.8M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04450	+0.372%	$131K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04421	−0.282%	$188K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04422	−0.259%	$771K	$351K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04425	−0.192%	$228K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04424	−0.214%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04421	−0.282%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04425	−0.192%	$15K	$39K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04419	−0.338%	$235K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04421	−0.288%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04416	−0.395%	$24K	$229K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04425	−0.192%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04423	−0.234%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04422	−0.251%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04419	−0.316%	$3K	—	45x	as long as short
Hyperliquid MEGAlong	+0.1251%	1h	0.04433	long leg	$7.5M	$2.4M	3x
Deribit MEGA_USDC-PERPETUAL	+0.1401%	1h	0.04430	−0.083%	$107	$15	25x	as long as short
Lighter MEGAshort	+0.1712%	1h	0.04443	+0.214%	$597K	$299K	3x