Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.1145%/8h= +125.4% APRpaid last 24h +0.140%
Price spread now: Hyperliquid against Aster+0.205%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Hyperliquid is 0.205% dearer against Aster than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MEGAUSDT0.044210.0100pay 0.0050% / 4h2h 41m$19K$80K5x
ShortHyperliquid MEGA0.044300.1245get 0.0156% / 1h41m 05s$7.5M$2.4M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$240.42
Price spread: +0.205% → 0.000%
$20.46
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$243.88
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Hyperliquid live order book, 11 min ago2.14 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Aster: 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 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0288%1h0.04400−0.465%$5K$11K50xas long as short
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04419−0.051%$12K150xas long as short
Phoenix MEGA0.0000%1h0.04427+0.139%$20K$7K5xas long as short
BloFin MEGA-USDT+0.0062%4h0.04420−0.019%$198K$75K50xas long as short
Nado MEGA-PERP+0.0078%1h0.04419−0.031%$191K$151K2xas long as short
Orderly PERP_MEGA_USDC+0.0097%4h0.04420−0.019%$3K$2K10xas long as short
Aster MEGAUSDTlong+0.0100%4h0.04421long leg$19K$80K5x
Pacifica MEGA+0.0100%1h0.04418−0.058%$14K$10K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04420−0.024%$3.9M$12.7M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04415−0.132%$3.4M$4.9M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX MEGA-USDT-SWAP+0.0100%4h0.04416−0.110%$904K$2.8M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04420−0.019%$130K$5K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04419−0.042%$188K$310K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04420−0.019%$770K$351K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04420−0.019%$228K$112K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04421+0.003%$1.1M$1.4M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04417−0.087%$1.7Mas long as short
Backpack MEGA_USDC_PERP+0.0100%1h0.04423+0.048%$15K$39K5xas long as short
Variational Omni MEGA+0.0100%4h0.04419−0.053%$235K$109Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04421−0.003%$21K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04416−0.110%$24K$229K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04423+0.048%$2K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04421+0.008%$126K$613K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04422+0.026%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0235% / S −0.5353%1h0.04418−0.056%$3K45xas long as short
Hyperliquid MEGAshort+0.1245%1h0.04430+0.205%$7.5M$2.4M3x
Deribit MEGA_USDC-PERPETUAL+0.1379%1h0.04427+0.141%$107$1525xas long as short
Lighter MEGA+0.1720%1h0.04441+0.456%$597K$299K3xas long as short