Funding you earn now, next payment 23:00 UTC−0.1410%/8h= −154.4% APRpaid last 24h −0.140%
Price spread now: OKX against Hyperliquid−0.259%7-day average −0.189% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.359%−$36 on $10k
+Price spread, last 7 days+0.059%+$6 · spread now −0.259%, 7d avg −0.189%
=Together, before fees−0.300%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$42 a day on $10k at the current rate, and OKX is 0.069% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.189%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.359% in total (about -18.7% a year). A funding rate is set anew for every payment. 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 | 0.1510 | pay 0.0189% / 1h | 57m 10s | $7.6M | $2.4M | 3x |
| Short | OKX MEGA-USDT-SWAP | 0.04470 | 0.0100 | get 0.0050% / 4h | 1h 57m | $915K | $2.9M | 20x |
Hyperliquid MEGA
OKX MEGA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$296.11
- Price spread: −0.259% → −0.189%
- −$6.94
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$322.05
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 5 min ago; OKX: live order book, 5 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, 5 min ago | 3.01 bp | 12.3 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 1.12 bp | 38.3 bp −$38 | 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 | −0.0144% | 1h | 0.04490 | +0.196% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04468 | −0.300% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04474 | −0.170% | $20K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0024% | 1h | 0.04469 | −0.270% | $193K | $150K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0098% | 4h | 0.04469 | −0.281% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04469 | −0.291% | $20K | $80K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04472 | −0.214% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04470 | −0.248% | $4.0M | $12.7M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04468 | −0.303% | $3.4M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAPshort | +0.0100% | 4h | 0.04470 | −0.259% | $915K | $2.9M | 20x |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDTShow 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 | −0.229% | $132K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04468 | −0.303% | $191K | $309K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04469 | −0.281% | $764K | $345K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04472 | −0.214% | $236K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04471 | −0.237% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04469 | −0.281% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04472 | −0.207% | $238K | $109K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04476 | −0.128% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04475 | −0.147% | $24K | $230K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04470 | −0.259% | $1K | $1.9M | 10x | as long as short |
| BloFin MEGA-USDT | +0.0102% | 4h | 0.04472 | −0.214% | $197K | $76K | 50x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04470 | −0.263% | $127K | $613K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04470 | −0.254% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04467 | −0.319% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0676% | 1h | 0.04473 | −0.192% | $18K | $41K | 5x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1003% | 1h | 0.04475 | −0.158% | $108 | $15 | 25x | as long as short |
| Lighter MEGA | +0.1488% | 1h | 0.04490 | +0.187% | $621K | $310K | 3x | as long as short |
| Hyperliquid MEGAlong | +0.1510% | 1h | 0.04482 | long leg | $7.6M | $2.4M | 3x |
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
BloFin MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA