Spread before costs (cost unknown: a leg has no order-book sample)−0.092%
7d average—if it closes, per $10,000$9funding while held, a day−$48.35
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit MEGA_USDC-PERPETUAL | 0.04444 | 0.1712 | pay 0.0214% / 1h | 0m 35s | $108 | $15 | 25x |
| Short | Hyperliquid MEGA | 0.04439 | 0.0100 | get 0.0013% / 1h | 0m 35s | $6.6M | $1.2M | 3x |
Deribit MEGA_USDC-PERPETUAL
Hyperliquid MEGAPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$9.23
- Funding while held
- −$48.35
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$73.58
- Spread needed to break even
- 0.160%
Slippage unknown: Deribit: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1612%
- Per $10,000 a day
- −$48.35
- Average in range /8h
- —
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 3 min ago | 3.14 bp | 25.8 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
Deribit: 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 price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.04432cheapestKuCoin0.04432cheapestExtended0.04433+0.020%BingX0.04433+0.023%Aster0.04433+0.032%OKX0.04434+0.045%Gate0.04434+0.045%GMX0.04434+0.045%MEXC0.04435+0.068%Bitget0.04435+0.068%gTrade (Gains Network)0.04435+0.068%Orderly0.04435+0.068%Pacifica0.04435+0.070%Reya0.04435+0.075%Binance0.04435+0.079%Variational Omni0.04437+0.119%Nado0.04437+0.124%Backpack0.04438+0.135%SunX0.04438+0.135%
Bybit
KuCoin
Extended
BingX
Aster
OKX
Gate
GMX
MEXC
Bitget
gTrade (Gains Network)
Orderly
Pacifica
Reya
Binance
Variational Omni
Nado
Backpack
SunXHyperliquid0.04439+0.167%
Deribit0.04444+0.259%
Phoenix0.04447+0.338%Bulk0.04450+0.406%ApeX Omni0.04452+0.451%BloFin0.04455+0.519%Lighter0.04457+0.564%Coinbase International0.04478+1.038%
Phoenix
Bulk
ApeX Omni
BloFin
Lighter
Coinbase InternationalMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit MEGAUSDT | −0.259% | −0.0184% | 4h | $3.1M | $2.8M | 20x | as long as short |
| KuCoin MEGAUSDTM | −0.259% | +0.0100% | 4h | $197K | $52K | 50x | as long as short |
| Extended MEGA-USD | −0.238% | +0.0104% | 1h | $131K | $600K | 5x | as long as short |
| BingX MEGA-USDT | −0.236% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| Aster MEGAUSDT | −0.227% | +0.0100% | 4h | $28K | $27K | 5x | as long as short |
| OKX MEGA-USDT-SWAP | −0.214% | +0.0100% | 4h | $852K | $1.5M | 20x | as long as short |
| Gate MEGA_USDT | −0.214% | +0.0100% | 4h | $184K | $111K | 20x | as long as short |
| GMX MEGA/USD [ETH-USDC] | −0.214% | L +0.0237% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| MEXC MEGA_USDT | −0.191% | +0.0100% | 4h | $643K | $260K | 50x | as long as short |
| Bitget MEGAUSDT | −0.191% | +0.0100% | 4h | $1.0M | $635K | 50x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) MEGA/USD | −0.191% | L +0.0001% / S +0.0023% | 1h | $193 | — | 150x | as long as short |
| Orderly PERP_MEGA_USDC | −0.191% | +0.0099% | 4h | $3K | $53 | 10x | as long as short |
| Pacifica MEGA | −0.189% | +0.0100% | 1h | $14K | $5K | 3x | as long as short |
| Reya MEGARUSDPERP | −0.184% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| Binance MEGAUSDT | −0.180% | +0.0100% | 4h | $4.0M | $6.3M | 50x | as long as short |
| Variational Omni MEGA | −0.140% | +0.0100% | 4h | $176K | $15K | — | as long as short |
| Nado MEGA-PERP | −0.135% | +0.0145% | 1h | $180K | $64K | 2x | as long as short |
| Backpack MEGA_USDC_PERP | −0.124% | +0.0100% | 1h | $14K | $26K | 5x | as long as short |
| SunX MEGA-USDT | −0.124% | +0.0100% | 4h | $2K | $1.1M | 10x | as long as short |
| Hyperliquid MEGAshort | −0.092% | +0.0100% | 1h | $6.6M | $1.2M | 3x | |
| Deribit MEGA_USDC-PERPETUALlong | 0.000% | +0.1712% | 1h | $108 | $15 | 25x | |
| Phoenix MEGA | +0.079% | 0.0000% | 1h | $20K | $5K | 5x | as long as short |
| Bulk MEGA-USD | +0.146% | +0.0100% | 1h | $132K | $569 | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.191% | +0.0100% | 1h | $27K | $214K | 50x | as long as short |
| BloFin MEGA-USDT | +0.259% | +0.0083% | 4h | $202K | $43K | 50x | as long as short |
| Lighter MEGA | +0.304% | +0.0776% | 1h | $533K | $81K | 3x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.776% | +0.1128% | 1h | $7K | $4K | 50x | as long as short |