Funding you earn now, next payment 04:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.198%
Price spread now: MEXC against Hyperliquid−0.116%7-day average −0.181% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days−0.445%−$44 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.116%, 7d avg −0.181%
=Together, before fees−0.563%+ Points / potential airdropHyperliquid: Season 2 · farm board−$56 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.064% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.116% now, against its 7-day average of −0.181%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.445% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MEGA | 0.04560 | 0.0197 | pay 0.0025% / 1h | 57m 19s | $7.9M | $2.6M | 3x |
| Short | MEXC MEGA_USDT | 0.04555 | 0.0100 | get 0.0050% / 4h | 57m 19s | $828K | $365K | 50x |
Hyperliquid MEGA
MEXC MEGA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$20.33
- Price spread: −0.116% → −0.181%
- $6.44
- Slippage, 4 orders
- −$37.73
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$60.63
- Costs to cover
- 0.467%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; MEXC: live order book, 58 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, 5 min ago | 2.75 bp | 19.9 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 58 min ago | 1.09 bp | 9.0 bp −$9 | 62.7 bp −$627 | 242.0 bp −$24.2K | 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 | −1.533% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04559 | −0.029% | $1K | — | 150x | as long as short |
| BloFin MEGA-USDT | +0.0051% | 4h | 0.04548 | −0.270% | $203K | $94K | 50x | as long as short |
| Nado MEGA-PERP | +0.0058% | 1h | 0.04549 | −0.248% | $197K | $142K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04545 | −0.325% | $18K | $89K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04545 | −0.333% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04556 | −0.099% | $4.0M | $13.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04558 | −0.050% | $3.6M | $5.6M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04556 | −0.094% | $931K | $3.1M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04560 | −0.007% | $135K | $4K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow 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 | −0.226% | $198K | $319K | 20x | as long as short |
| MEXC MEGA_USDTshort | +0.0100% | 4h | 0.04555 | −0.116% | $828K | $365K | 50x | |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04555 | −0.116% | $229K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04554 | −0.138% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04558 | −0.050% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04552 | −0.182% | $18K | $47K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04541 | −0.422% | $321K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04550 | −0.216% | $24K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04545 | −0.336% | $24K | $232K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04558 | −0.050% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04552 | −0.182% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04541 | −0.424% | $127K | $823K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04550 | −0.220% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0175% | 1h | 0.04550 | −0.226% | $21K | $7K | 5x | as long as short |
| Hyperliquid MEGAlong | +0.0197% | 1h | 0.04560 | long leg | $7.9M | $2.6M | 3x | |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04554 | −0.147% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0376% | 1h | 0.04568 | +0.169% | $646K | $335K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1794% | 1h | 0.04559 | −0.018% | $110 | $15 | 25x | as long as short |
Gate 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