MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1422%/8h= −155.7% APRnext payment −$1.78 per $10,000 · paid last 24h −0.145%

Price spread now: Nado against Hyperliquid−0.252%7-day average −0.164% · you buy dearer than you sell

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

Long on Hyperliquid Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.358%−$36 on $10k

Price spread, last 3 days (all we have)+0.357%+$36 · spread now −0.252%, 7d avg −0.164%

Together, before fees−0.001%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Nado is 0.089% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.164%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.358% in total (about -41.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.78 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	0.04482	0.1444	pay 0.0181% / 1h	57m 52s	$7.6M	$2.4M	3x
Short	Nado MEGA-PERP	0.04470	0.0022	get 0.0003% / 1h	57m 52s	$193K	$150K	2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 NadobpOrdersPrice spread, now −0.252%Rate

Funding earned: −$298.6
Price spread: −0.252% → −0.164%: −$8.85
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$323.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 4 min ago; Nado: live order book, 25 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, 4 min ago	3.01 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 25 min ago	2.22 bp	19.3 bp −$19	123.6 bp −$1,236	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	−0.0144%	1h	0.04490	+0.192%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04468	−0.312%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04474	−0.174%	$20K	$6K	5x	as long as short
Nado MEGA-PERPshort	+0.0022%	1h	0.04470	−0.252%	$193K	$150K	2x
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04469	−0.286%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04469	−0.293%	$20K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04473	−0.199%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04469	−0.286%	$4.0M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04466	−0.353%	$3.4M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04470	−0.263%	$915K	$2.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04471	−0.234%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04468	−0.308%	$191K	$309K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04469	−0.286%	$764K	$345K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04472	−0.219%	$236K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04468	−0.308%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04468	−0.308%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04472	−0.211%	$238K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04476	−0.132%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04475	−0.152%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04469	−0.286%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04469	−0.290%	$127K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0128%	4h	0.04480	−0.040%	$197K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04470	−0.259%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04468	−0.308%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0590%	1h	0.04473	−0.196%	$18K	$41K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1115%	1h	0.04476	−0.141%	$108	$15	25x	as long as short
Hyperliquid MEGAlong	+0.1444%	1h	0.04482	long leg	$7.6M	$2.4M	3x
Lighter MEGA	+0.1776%	1h	0.04490	+0.183%	$621K	$310K	3x	as long as short