MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1017%/8h= −111.3% APRnext payment −$1.27 per $10,000 · paid last 24h +0.049%

Price spread now: Coinbase International against Hyperliquid−1.249%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Coinbase International

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Coinbase International is 1.249% cheaper against Hyperliquid than usual: you would sell low and buy high (−$125 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MEGA	0.04547	0.0969	pay 0.0121% / 1h	40m 48s	$7.8M	$2.4M	3x
Short	Coinbase International MEGA-PERP-INTX	0.04490	−0.0048	pay 0.0006% / 1h	40m 48s	$5K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Hyperliquid. 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

Position, each leg$Hold fordaysFee HyperliquidbpFee Coinbase InternationalbpOrdersPrice spread, now −1.249%Rate

Funding earned: −$213.5
Price spread: −1.249% → 0.000%: −$124.91
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$357.42
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 1 min ago; Coinbase International: no order-book sample. Net counts fees only.

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 Hyperliquid live order book, 1 min ago	2.42 bp	21.1 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MEGA-PERP-INTXshort	−0.0048%	1h	0.04490	−1.249%	$5K	$12K	50x
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04535	−0.264%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04538	−0.202%	$21K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0064%	1h	0.04535	−0.257%	$197K	$136K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04534	−0.283%	$20K	$86K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04535	−0.266%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04531	−0.365%	$4.0M	$13.1M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04530	−0.378%	$3.5M	$5.2M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04528	−0.422%	$924K	$3.0M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04510	−0.818%	$133K	$4K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04529	−0.400%	$198K	$312K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04530	−0.378%	$839K	$359K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04530	−0.378%	$238K	$115K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04531	−0.356%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04529	−0.400%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04537	−0.224%	$18K	$41K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04533	−0.317%	$320K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04526	−0.477%	$28K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04502	−0.994%	$25K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04535	−0.268%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04530	−0.378%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04530	−0.388%	$131K	$725K	5x	as long as short
BloFin MEGA-USDT	+0.0113%	4h	0.04537	−0.224%	$197K	$77K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04534	−0.283%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04535	−0.268%	$3K	—	45x	as long as short
Lighter MEGA	+0.0824%	1h	0.04558	+0.238%	$641K	$320K	3x	as long as short
Hyperliquid MEGAlong	+0.0969%	1h	0.04547	long leg	$7.8M	$2.4M	3x
Deribit MEGA_USDC-PERPETUAL	+0.1778%	1h	0.04545	−0.048%	$110	$15	25x	as long as short