MEGA

Alert

Funding spread now, next payment 16:00 UTC+0.1754%/8h

next payment, per $10,000+$2.19paid, last 24h+0.101%paid, last 3 days+0.481%to open and closeno order book

Long on gTrade (Gains Network)Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.481% in total (about 62.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.19 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	gTrade (Gains Network) MEGA/USD	0.04518	L −0.0022% / S +0.0023%	get 0.0003% / 1h	17m 45s	$15K	—	150x
Short	Hyperliquid MEGA	0.04531	0.1733	get 0.0217% / 1h	17m 45s	$7.6M	$2.3M	3x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee HyperliquidbpOrdersRate

Funding earned: $368.42
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $347.42
Break-even: 0.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Hyperliquid: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.281%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 6 min ago	4.55 bp	23.4 bp −$23	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MEGA on 27 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit MEGAUSDT	−0.0065%	4h	$3.3M	$4.2M	20x	as long as short
gTrade (Gains Network) MEGA/USDlong	L −0.0022% / S +0.0023%	1h	$15K	—	150x
Deribit MEGA_USDC-PERPETUAL	0.0000%	1h	$109	$15	25x	as long as short
BloFin MEGA-USDT	+0.0073%	4h	$227K	$74K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	$34K	$53K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	$15K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	$4.4M	$10.4M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	$932K	$2.6M	20x	as long as short
Gate MEGA_USDT	+0.0100%	4h	$205K	$228K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	$758K	$314K	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
KuCoin MEGAUSDTM	+0.0100%	4h	$213K	$90K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	$1.1M	$1.2M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	$20K	$35K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	$223K	$79K	—	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	$26K	$219K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	$3K	$994	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	$1K	$1.7M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	$138K	$569	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	$136K	$605K	5x	as long as short
Nado MEGA-PERP	+0.0136%	1h	$196K	$127K	2x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	$3	—	3x	as long as short
Phoenix MEGA	+0.0174%	1h	$21K	$5K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	$3K	—	45x	as long as short
Coinbase International MEGA-PERP-INTX	+0.1256%	1h	$8K	$5K	50x	as long as short
Hyperliquid MEGAshort	+0.1733%	1h	$7.6M	$2.3M	3x
Lighter MEGA	+0.1968%	1h	$581K	$194K	3x	as long as short