Funding you earn now, next payment 23:00 UTC+0.1301%/8h= +142.4% APRpaid last 24h +0.146%
Price spread now: Hyperliquid against KuCoin+0.148%7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$563as in the Funding arb table
Net, price: spread back to 7d avg − costs−$599as in the Price arb table
costs, in and out, $10k−$5995.991% of the position
Funding, last 7 days+0.359%+$36 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.148%, 7d avg +0.150%
=Together, before fees+0.403%+ Points / potential airdropHyperliquid: Season 2 · farm board+$40 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.150%, so right now this pair is about funding alone: +$39 a day on $10k at the current rate.
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 | KuCoin MEGAUSDTM | 0.04451 | 0.0100 | pay 0.0050% / 4h | 1h 30m | $234K | $113K | 50x |
| Short | Hyperliquid MEGA | 0.04458 | 0.1401 | get 0.0175% / 1h | 30m 31s | $7.6M | $2.4M | 3x |
KuCoin MEGAUSDTM
Hyperliquid MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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
- $273.19
- Price spread: +0.148% → +0.150%
- −$0.18
- Slippage, 4 orders
- −$578.09
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$326.09
- Costs to cover
- 5.991%
- Break-even
- 15.4 days
Slippage from KuCoin: live order book, 40 min ago; Hyperliquid: live order book, 2 min ago.
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 KuCoin live order book, 40 min ago | 13.40 bp | 326.2 bp −$326 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 2 min ago | 1.68 bp | 10.2 bp −$10 | 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 | +0.885% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04449 | −0.038% | $12K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0050% | 1h | 0.04448 | −0.056% | $192K | $151K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0062% | 4h | 0.04455 | +0.090% | $194K | $76K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0099% | 4h | 0.04448 | −0.067% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04450 | −0.030% | $18K | $82K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04449 | −0.043% | $14K | $8K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04449 | −0.051% | $3.9M | $12.8M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04444 | −0.157% | $3.4M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04446 | −0.112% | $911K | $2.8M | 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
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 | 0.04453 | +0.054% | $131K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04447 | −0.090% | $189K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04448 | −0.067% | $759K | $346K | 50x | as long as short |
| KuCoin MEGAUSDTMlong | +0.0100% | 4h | 0.04451 | long leg | $234K | $113K | 50x | |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04448 | −0.067% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04447 | −0.090% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04455 | +0.090% | $223K | $135K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04459 | +0.179% | $27K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04452 | +0.022% | $24K | $230K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04455 | +0.090% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04449 | −0.051% | $126K | $613K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04449 | −0.046% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0179% | 1h | 0.04462 | +0.247% | $20K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04450 | −0.029% | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0396% | 1h | 0.04452 | +0.022% | $18K | $41K | 5x | as long as short |
| Hyperliquid MEGAshort | +0.1401% | 1h | 0.04458 | +0.148% | $7.6M | $2.4M | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.1706% | 1h | 0.04457 | +0.128% | $108 | $15 | 25x | as long as short |
| Lighter MEGA | +0.2984% | 1h | 0.04469 | +0.404% | $627K | $321K | 3x | as long as short |
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
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