Funding you earn now, next payment 23:00 UTC+0.1294%/8h= +141.6% APRpaid last 24h +0.152%
Price spread now: Hyperliquid against Bybit+0.332%7-day average +0.169% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.525%+$52 on $10k
+Price spread, last 7 days−0.179%−$18 · spread now +0.332%, 7d avg +0.169%
=Together, before fees+0.346%+ Points / potential airdropHyperliquid: Season 2 · farm board+$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Hyperliquid is 0.163% dearer against Bybit than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.169%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.525% in total (about 27.4% 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 | Bybit MEGAUSDT | 0.04459 | 0.0100 | pay 0.0050% / 4h | 1h 53m | $3.4M | $4.9M | 20x |
| Short | Hyperliquid MEGA | 0.04474 | 0.1394 | get 0.0174% / 1h | 53m 22s | $7.6M | $2.3M | 3x |
Bybit MEGAUSDT
Hyperliquid MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $271.64
- Price spread: +0.332% → +0.169%
- $16.33
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $267.97
- Costs to cover
- 0.200%
- Break-even
- 0.1 days
Slippage unknown: Bybit: live order book, 4 min ago; Hyperliquid: live order book, 9 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 Bybit live order book, 4 min ago | 1.12 bp | 32.2 bp −$32 | 334.1 bp −$3,341 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 3.01 bp | doesn't fit | 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 | +0.704% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04461 | +0.052% | $12K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0055% | 1h | 0.04465 | +0.146% | $193K | $152K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0090% | 4h | 0.04468 | +0.202% | $197K | $76K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0098% | 4h | 0.04462 | +0.067% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04464 | +0.115% | $20K | $81K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04467 | +0.184% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04462 | +0.077% | $3.9M | $12.8M | 50x | as long as short |
| Bybit MEGAUSDTlong | +0.0100% | 4h | 0.04459 | long leg | $3.4M | $4.9M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04460 | +0.022% | $913K | $2.9M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAPShow 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 | +0.276% | $132K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04461 | +0.045% | $190K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04462 | +0.067% | $762K | $345K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04466 | +0.157% | $235K | $113K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04464 | +0.112% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04459 | 0.000% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04473 | +0.317% | $238K | $109K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04472 | +0.292% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04469 | +0.224% | $24K | $229K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04465 | +0.135% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04460 | +0.029% | $127K | $613K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04462 | +0.060% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0179% | 1h | 0.04470 | +0.247% | $20K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04460 | +0.027% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0824% | 1h | 0.04472 | +0.292% | $18K | $41K | 5x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1207% | 1h | 0.04467 | +0.175% | $108 | $15 | 25x | as long as short |
| Lighter MEGA | +0.1360% | 1h | 0.04486 | +0.606% | $620K | $311K | 3x | as long as short |
| Hyperliquid MEGAshort | +0.1394% | 1h | 0.04474 | +0.332% | $7.6M | $2.3M | 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
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Backpack MEGA_USDC_PERP
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA