Funding you earn now, next payment 22:00 UTC+0.1144%/8h= +125.3% APRpaid last 24h +0.140%
Price spread now: Hyperliquid against Bitget+0.183%7-day average +0.164% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$970.965% of the position
Funding, last 7 days+0.345%+$35 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.183%, 7d avg +0.164%
=Together, before fees+0.381%+ Points / potential airdropHyperliquid: Season 2 · farm board+$38 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.164%, so right now this pair is about funding alone: +$34 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 0.345% 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 | Bitget MEGAUSDT | 0.04420 | 0.0100 | pay 0.0050% / 4h | 2h 40m | $1.1M | $1.4M | 50x |
| Short | Hyperliquid MEGA | 0.04428 | 0.1244 | get 0.0156% / 1h | 40m 44s | $7.5M | $2.4M | 3x |
Bitget MEGAUSDT
Hyperliquid MEGAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bitget. 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
- $240.31
- Price spread: +0.183% → +0.164%
- $1.97
- Slippage, 4 orders
- −$75.53
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $145.75
- Costs to cover
- 0.965%
- Break-even
- 2.8 days
Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 5.65 bp | 28.0 bp −$28 | 152.5 bp −$1,525 | doesn't fit | doesn't fit |
| 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 | −0.446% | $5K | $11K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04419 | −0.032% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04427 | +0.158% | $20K | $7K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0062% | 4h | 0.04420 | 0.000% | $198K | $75K | 50x | as long as short |
| Nado MEGA-PERP | +0.0078% | 1h | 0.04419 | −0.011% | $191K | $151K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0097% | 4h | 0.04420 | 0.000% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04419 | −0.021% | $19K | $80K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04420 | −0.005% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04418 | −0.040% | $3.9M | $12.6M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04417 | −0.068% | $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 | 0.04415 | −0.113% | $904K | $2.8M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04420 | 0.000% | $130K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04417 | −0.068% | $188K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04418 | −0.045% | $769K | $351K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04420 | 0.000% | $228K | $112K | 50x | as long as short |
| Bitget MEGAUSDTlong | +0.0100% | 4h | 0.04420 | long leg | $1.1M | $1.4M | 50x | |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04417 | −0.068% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04423 | +0.068% | $15K | $39K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04419 | −0.033% | $235K | $109K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04421 | +0.017% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04416 | −0.090% | $24K | $229K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04423 | +0.068% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04418 | −0.041% | $126K | $613K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04422 | +0.045% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0235% / S −0.5353% | 1h | 0.04418 | −0.036% | $3K | — | 45x | as long as short |
| Hyperliquid MEGAshort | +0.1244% | 1h | 0.04428 | +0.183% | $7.5M | $2.4M | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.1379% | 1h | 0.04427 | +0.161% | $107 | $15 | 25x | as long as short |
| Lighter MEGA | +0.1720% | 1h | 0.04439 | +0.430% | $597K | $299K | 3x | as long as short |
OKX MEGA-USDT-SWAP
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
BingX MEGA-USDT
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