Funding you earn now, next payment 22:00 UTC−0.1190%/8h= −130.3% APRnext payment −$1.49 per $10,000 · paid last 24h −0.139%
Price spread now: Extended against Hyperliquid−0.253%7-day average −0.213% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.377%−$38 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.253%, 7d avg −0.213%
=Together, before fees−0.371%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Extended is 0.040% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.213%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.377% in total (about -19.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.49 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 | 0.04428 | 0.1294 | pay 0.0162% / 1h | 44m 49s | $7.5M | $2.4M | 3x |
| Short | Extended MEGA-USD | 0.04417 | 0.0104 | get 0.0013% / 1h | 44m 49s | $126K | $613K | 5x |
Hyperliquid MEGA
Extended MEGA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$249.81
- Price spread: −0.253% → −0.213%
- −$4
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$267.81
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Extended: live order book, 43 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, 7 min ago | 2.14 bp | 17.3 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 43 min ago | 5.61 bp | 70.3 bp −$70 | 425.6 bp −$4,256 | 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 | −0.0288% | 1h | 0.04400 | −0.632% | $5K | $11K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04418 | −0.241% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04425 | −0.075% | $20K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0080% | 1h | 0.04419 | −0.221% | $191K | $151K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0097% | 4h | 0.04419 | −0.210% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04419 | −0.214% | $19K | $80K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04419 | −0.203% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04417 | −0.255% | $3.9M | $12.7M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04415 | −0.300% | $3.4M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04415 | −0.300% | $904K | $2.8M | 20x | as long as short |
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 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 | 0.04450 | +0.490% | $131K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04416 | −0.278% | $188K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04417 | −0.255% | $773K | $351K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04420 | −0.187% | $228K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04419 | −0.210% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04415 | −0.300% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04422 | −0.142% | $15K | $39K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04419 | −0.221% | $235K | $109K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04425 | −0.075% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04421 | −0.165% | $24K | $229K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04420 | −0.187% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USDshort | +0.0104% | 1h | 0.04417 | −0.253% | $126K | $613K | 5x | |
| BloFin MEGA-USDT | +0.0156% | 4h | 0.04428 | −0.007% | $198K | $75K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04421 | −0.173% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0235% / S −0.5353% | 1h | 0.04417 | −0.248% | $3K | — | 45x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1266% | 1h | 0.04426 | −0.054% | $107 | $15 | 25x | as long as short |
| Hyperliquid MEGAlong | +0.1294% | 1h | 0.04428 | long leg | $7.5M | $2.4M | 3x | |
| Lighter MEGA | +0.1720% | 1h | 0.04437 | +0.196% | $597K | $299K | 3x | as long as short |
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
BloFin MEGA-USDT
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA