Funding you earn now, next payment 22:00 UTC+0.1146%/8h= +125.5% APRpaid last 24h +0.140%
Price spread now: Hyperliquid against BingX+0.283%7-day average +0.179% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1121.121% of the position
Funding, last 7 days+0.345%+$35 on $10k
+Price spread, last 7 days−0.111%−$11 · spread now +0.283%, 7d avg +0.179%
=Together, before fees+0.234%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Hyperliquid is 0.104% dearer against BingX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.179%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.345% in total (about 18.0% 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 | BingX MEGA-USDT | 0.04419 | 0.0100 | pay 0.0050% / 4h | 2h 40m | — | $1.7M | — |
| Short | Hyperliquid MEGA | 0.04432 | 0.1246 | get 0.0156% / 1h | 40m 01s | $7.5M | $2.4M | 3x |
BingX MEGA-USDT
Hyperliquid MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $240.66
- Price spread: +0.283% → +0.179%
- $10.35
- Slippage, 4 orders
- −$93.13
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $138.88
- Costs to cover
- 1.121%
- Break-even
- 3.0 days
Slippage from BingX: live order book, 8 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 BingX live order book, 8 min ago | 15.82 bp | 30.9 bp −$31 | 90.7 bp −$907 | 884.2 bp −$88.4K | 1337.9 bp −$668.9K |
| Sell Hyperliquid live order book, 2 min ago | 1.58 bp | 23.0 bp −$23 | 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 | −0.0288% | 1h | 0.04400 | −0.423% | $5K | $11K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04419 | −0.009% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04427 | +0.181% | $20K | $7K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0062% | 4h | 0.04420 | +0.023% | $198K | $75K | 50x | as long as short |
| Nado MEGA-PERP | +0.0075% | 1h | 0.04423 | +0.079% | $191K | $151K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0097% | 4h | 0.04420 | +0.023% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04421 | +0.037% | $19K | $80K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04420 | +0.018% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04421 | +0.045% | $3.9M | $12.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04418 | −0.023% | $3.4M | $4.9M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
BloFin MEGA-USDT
Nado MEGA-PERP
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04418 | −0.023% | $904K | $2.8M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04420 | +0.023% | $130K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04418 | −0.023% | $188K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04420 | +0.023% | $769K | $351K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04420 | +0.023% | $228K | $111K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04423 | +0.091% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDTlong | +0.0100% | 4h | 0.04419 | long leg | — | $1.7M | — | |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04423 | +0.091% | $15K | $39K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04414 | −0.113% | $235K | $109K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04421 | +0.039% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04416 | −0.068% | $24K | $229K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04422 | +0.068% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04420 | +0.023% | $126K | $613K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04422 | +0.077% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0235% / S −0.5353% | 1h | 0.04418 | −0.032% | $3K | — | 45x | as long as short |
| Hyperliquid MEGAshort | +0.1246% | 1h | 0.04432 | +0.283% | $7.5M | $2.4M | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.1334% | 1h | 0.04427 | +0.174% | $107 | $15 | 25x | as long as short |
| Lighter MEGA | +0.1728% | 1h | 0.04440 | +0.475% | $597K | $299K | 3x | as long as short |
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA