Funding you earn now, next payment 22:00 UTC−0.1231%/8h= −134.8% APRnext payment −$1.54 per $10,000 · paid last 24h −0.129%
Price spread now: Extended against Hyperliquid−0.269%7-day average −0.212% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.364%−$36 on $10k
+Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.269%, 7d avg −0.212%
=Together, before fees−0.340%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and Extended is 0.057% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.212%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.364% in total (about -19.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.54 per $10,000. 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 | Hyperliquid MEGA | 0.04454 | 0.1335 | pay 0.0167% / 1h | 54m 47s | $7.6M | $2.3M | 3x |
| Short | Extended MEGA-USD | 0.04442 | 0.0104 | get 0.0013% / 1h | 54m 47s | $126K | $613K | 5x |
Hyperliquid MEGA
Extended MEGA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Hyperliquid. 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
- −$258.43
- Price spread: −0.269% → −0.212%
- −$5.74
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$278.16
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Extended: live order book, 33 min ago. 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, 7 min ago | 1.79 bp | 16.8 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 33 min ago | 5.61 bp | 70.3 bp −$70 | 425.6 bp −$4,256 | 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 | −1.206% | $5K | $11K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04452 | −0.056% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04458 | +0.090% | $20K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0033% | 1h | 0.04452 | −0.045% | $192K | $153K | 2x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0097% | 4h | 0.04453 | −0.022% | $3K | $2K | 10x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04447 | −0.160% | $20K | $79K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04445 | −0.193% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04443 | −0.247% | $4.0M | $12.7M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04441 | −0.292% | $3.4M | $4.9M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04440 | −0.314% | $909K | $2.9M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Orderly PERP_MEGA_USDC
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk MEGA-USD | +0.0100% | 1h | 0.04460 | +0.135% | $132K | $5K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04445 | −0.202% | $190K | $310K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04442 | −0.269% | $783K | $350K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04447 | −0.157% | $229K | $112K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04443 | −0.247% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04440 | −0.314% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04454 | 0.000% | $14K | $39K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04441 | −0.292% | $236K | $110K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04441 | −0.301% | $27K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04435 | −0.427% | $24K | $228K | 50x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04456 | +0.045% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USDshort | +0.0104% | 1h | 0.04442 | −0.269% | $126K | $613K | 5x | |
| BloFin MEGA-USDT | +0.0140% | 4h | 0.04443 | −0.247% | $198K | $76K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04455 | +0.013% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0235% / S −0.5353% | 1h | 0.04451 | −0.063% | $3K | — | 45x | as long as short |
| Hyperliquid MEGAlong | +0.1335% | 1h | 0.04454 | long leg | $7.6M | $2.3M | 3x | |
| Lighter MEGA | +0.1408% | 1h | 0.04474 | +0.449% | $602K | $299K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1749% | 1h | 0.04462 | +0.173% | $108 | $15 | 25x | as long as short |
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
SunX MEGA-USDT
BloFin MEGA-USDT
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL