data as of
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Price arb /

MEGA

all MEGA markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k+$67
spread now+1.590%7d average−0.124%fees + slippage, in and out−$104spread needed1.043%
Long on HyperliquidShort on Bulk
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MEGA0.045770.1819pay 0.0227% / 1h21m 42s$7.7M$2.3M3x
ShortBulk MEGA-USD0.046500.0100get 0.0013% / 1h21m 42s$138K$56910x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$159.05
Funding while held
−$51.56
Slippage, 4 orders
−$88.33
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bulk: 3.5 bp × 2 orders
−$7
Net
$3.16
Spread needed to break even
1.043%
Slippage from Hyperliquid: live order book, 2 min ago; Bulk: live order book, 29 min ago.

Cost of waiting

funding view
Funding /8h
−0.1719%
Per $10,000 a day
−$51.56
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 2 min ago4.55 bp25.6 bp −$26doesn't fitdoesn't fitdoesn't fit
Sell Bulk live order book, 29 min ago10.76 bp14.3 bp −$1445.0 bp −$450346.2 bp −$34.6Kdoesn't fit

MEGA price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.04559cheapestOKX0.04561+0.044%MEXC0.04563+0.088%Bitget0.04563+0.088%BingX0.04563+0.088%Binance0.04569+0.228%
Hyperliquid0.04577+0.399%
Gate0.04585+0.570%Lighter0.04586+0.592%Extended0.04594+0.760%BloFin0.04596+0.812%Phoenix0.04597+0.834%KuCoin0.04599+0.877%ApeX Omni0.04600+0.899%Aster0.04602+0.935%Backpack0.04610+1.119%GMX0.04610+1.121%gTrade (Gains Network)0.04610+1.122%Pacifica0.04610+1.125%Nado0.04611+1.141%Orderly0.04611+1.141%Reya0.04613+1.185%SunX0.04615+1.228%Deribit0.04619+1.314%
Bulk0.04650+1.996%
Variational Omni0.04656+2.130%Coinbase International0.04769+4.613%

MEGA on 27 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit MEGAUSDT−0.398%−0.0093%4h$3.3M$4.2M20xas long as short
OKX MEGA-USDT-SWAP−0.354%+0.0100%4h$947K$2.6M20xas long as short
MEXC MEGA_USDT−0.310%+0.0100%4h$788K$311K50xas long as short
Bitget MEGAUSDT−0.310%+0.0100%4h$1.1M$1.2M50xas long as short
BingX MEGA-USDT−0.310%+0.0100%4h—$1.7M—as long as short
Binance MEGAUSDT−0.171%+0.0100%4h$4.5M$10.1M50xas long as short
Hyperliquid MEGAlong0.000%+0.1819%1h$7.7M$2.3M3x
Gate MEGA_USDT+0.170%+0.0100%4h$208K$223K20xas long as short
Lighter MEGA+0.192%+0.2096%1h$587K$191K3xas long as short
Extended MEGA-USD+0.359%+0.0104%1h$139K$605K5xas long as short
Show all 27 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BloFin MEGA-USDT+0.411%+0.0096%4h$225K$74K50xas long as short
Phoenix MEGA+0.433%+0.0174%1h$21K$5K5xas long as short
KuCoin MEGAUSDTM+0.476%+0.0100%4h$231K$86K50xas long as short
ApeX Omni MEGAUSDT+0.498%+0.0100%1h$26K$219K50xas long as short
Aster MEGAUSDT+0.534%+0.0100%4h$35K$52K5xas long as short
Backpack MEGA_USDC_PERP+0.717%+0.0100%1h$22K$34K5xas long as short
GMX MEGA/USD [ETH-USDC]+0.719%L +0.0238% / S −0.5353%1h$3K—45xas long as short
gTrade (Gains Network) MEGA/USD+0.720%L −0.0022% / S +0.0023%1h$15K—150xas long as short
Pacifica MEGA+0.723%+0.0100%1h$15K$10K3xas long as short
Nado MEGA-PERP+0.738%+0.0129%1h$199K$125K2xas long as short
Orderly PERP_MEGA_USDC+0.738%+0.0100%4h$3K$99410xas long as short
Reya MEGARUSDPERP+0.782%+0.0159%1h$3—3xas long as short
SunX MEGA-USDT+0.826%+0.0100%4h$1K$1.7M10xas long as short
Deribit MEGA_USDC-PERPETUAL+0.911%+0.1637%1h$112$1525xas long as short
Bulk MEGA-USDshort+1.590%+0.0100%1h$138K$56910x
Variational Omni MEGA+1.724%+0.0100%4h$225K$79K—as long as short
Coinbase International MEGA-PERP-INTX+4.197%+0.1256%1h$8K$6K50xas long as short