MEGA

Alert

Funding spread now, next payment 18:00 UTC+0.0550%/8h

next payment, per $10,000+$0.69paid, last 24h+0.190%paid, last 5 days−0.114%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.114% in total (about -8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.69 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	0.04363	0.0671	pay 0.0084% / 1h	59m 39s	$7.3M	$2.5M	3x
Short	Deribit MEGA_USDC-PERPETUAL	0.04356	0.1221	get 0.0153% / 1h	59m 39s	$105	$15	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee DeribitbpOrdersRate

Funding earned: $115.49
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $99.49
Break-even: 1.0 days

Slippage unknown: Hyperliquid: live order book, 4 min ago; Deribit: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.160%
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 Hyperliquid live order book, 4 min ago	1.96 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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
gTrade (Gains Network) MEGA/USD	L −0.0022% / S +0.0023%	1h	$14K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	$20K	$6K	5x	as long as short
Nado MEGA-PERP	+0.0066%	1h	$188K	$157K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	$3K	$994	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	$27K	$66K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	$13K	$11K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	$3.9M	$12.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	$3.1M	$4.6M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	$906K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	$129K	−$0	10x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	$188K	$254K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	$743K	$355K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	$227K	$115K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	$229K	$102K	—	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	$24K	$223K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	$131K	$602K	5x	as long as short
Backpack MEGA_USDC_PERP	+0.0132%	1h	$17K	$38K	5x	as long as short
BloFin MEGA-USDT	+0.0135%	4h	$200K	$73K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	$3	—	3x	as long as short
Lighter MEGA	+0.0224%	1h	$586K	$287K	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	$3K	—	45x	as long as short
Hyperliquid MEGAlong	+0.0671%	1h	$7.3M	$2.5M	3x
Coinbase International MEGA-PERP-INTX	+0.1192%	1h	$6K	$5K	50x	as long as short
Deribit MEGA_USDC-PERPETUALshort	+0.1221%	1h	$105	$15	25x