MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0123%/8h= −13.4% APRnext payment −$0.15 per $10,000 · paid last 24h −0.235%

Price spread now: gTrade (Gains Network) against Hyperliquid−0.096%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.096% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 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	0.04591	0.0100	pay 0.0013% / 1h	51m 04s	$7.9M	$2.6M	3x
Short	gTrade (Gains Network) MEGA/USD	0.04587	L +0.0001% / S +0.0023%	pay 0.0003% / 1h	51m 04s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.096%Rate

Funding earned: −$25.77
Price spread: −0.096% → 0.000%: −$9.58
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$56.35
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 min ago; gTrade (Gains Network): 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, 11 min ago	2.75 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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-INTX	−0.0744%	1h	0.04589	−0.037%	$5K	$13K	50x	as long as short
gTrade (Gains Network) MEGA/USDshort	L +0.0001% / S +0.0023%	1h	0.04587	−0.096%	$1K	—	150x
Nado MEGA-PERP	+0.0028%	1h	0.04587	−0.081%	$199K	$142K	2x	as long as short
BloFin MEGA-USDT	+0.0050%	4h	0.04587	−0.091%	$202K	$95K	50x	as long as short
Hyperliquid MEGAlong	+0.0100%	1h	0.04591	long leg	$7.9M	$2.6M	3x
Aster MEGAUSDT	+0.0100%	4h	0.04587	−0.082%	$19K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04588	−0.072%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04580	−0.238%	$4.1M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04584	−0.157%	$3.6M	$5.6M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04582	−0.200%	$939K	$3.1M	20x	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	0.04585	−0.135%	$199K	$319K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04584	−0.157%	$820K	$368K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04586	−0.113%	$230K	$117K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04583	−0.179%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04579	−0.266%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04582	−0.196%	$323K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04606	+0.312%	$24K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04605	+0.301%	$24K	$231K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04584	−0.157%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04589	−0.048%	$2K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04550	−0.897%	$134K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04583	−0.173%	$128K	$821K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04586	−0.118%	$3	—	3x	as long as short
Phoenix MEGA	+0.0176%	1h	0.04599	+0.170%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04587	−0.096%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0556%	1h	0.04588	−0.070%	$18K	$47K	5x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0600%	1h	0.04590	−0.035%	$111	$15	25x	as long as short
Lighter MEGA	+0.0608%	1h	0.04606	+0.322%	$652K	$337K	3x	as long as short