Funding you earn now, next payment 01:00 UTC−0.0753%/8h= −82.4% APRpaid last 24h −0.166%
Price spread now: Gate against Hyperliquid−0.323%7-day average −0.182% · you buy dearer than you sell
Net, funding: paid 7d − costs−$367as in the Funding arb table
Net, price: spread back to 7d avg − costs−$340as in the Price arb table
costs, in and out, $10k−$3263.257% of the position
Funding, last 7 days−0.409%−$41 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.323%, 7d avg −0.182%
=Together, before fees−0.312%+ Points / potential airdropHyperliquid: Season 2 · farm board−$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Gate is 0.142% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.182%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.409% in total (about -21.3% a year). A funding rate is set anew for every payment. 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 | 0.04514 | 0.0853 | pay 0.0107% / 1h | 46m 28s | $7.7M | $2.4M | 3x |
| Short | Gate MEGA_USDT | 0.04499 | 0.0100 | get 0.0050% / 4h | 3h 46m | $196K | $312K | 20x |
Hyperliquid MEGA
Gate MEGA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$158.11
- Price spread: −0.323% → −0.182%
- −$14.16
- Slippage, 4 orders
- −$301.7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$497.97
- Costs to cover
- 3.257%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Gate: live order book, 21 min ago.
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, 6 min ago | 1.21 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 21 min ago | 6.66 bp | 196.2 bp −$196 | doesn't fit | 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 | −0.0048% | 1h | 0.04490 | −0.514% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04498 | −0.343% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04522 | +0.186% | $21K | $7K | 5x | as long as short |
| Nado MEGA-PERP | +0.0080% | 1h | 0.04505 | −0.191% | $196K | $136K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04504 | −0.223% | $20K | $86K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04506 | −0.164% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04500 | −0.295% | $3.9M | $13.1M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04498 | −0.346% | $3.5M | $5.2M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04497 | −0.368% | $919K | $3.0M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04510 | −0.080% | $133K | $4K | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDTshort | +0.0100% | 4h | 0.04499 | −0.323% | $196K | $312K | 20x | |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04500 | −0.301% | $834K | $359K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04502 | −0.257% | $237K | $115K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04498 | −0.346% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04498 | −0.346% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04505 | −0.191% | $18K | $41K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04503 | −0.239% | $317K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04508 | −0.116% | $28K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04507 | −0.146% | $25K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04498 | −0.346% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04505 | −0.191% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04503 | −0.233% | $128K | $703K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0149% | 4h | 0.04501 | −0.279% | $195K | $76K | 50x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04500 | −0.305% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04500 | −0.292% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0752% | 1h | 0.04526 | +0.275% | $636K | $320K | 3x | as long as short |
| Hyperliquid MEGAlong | +0.0853% | 1h | 0.04514 | long leg | $7.7M | $2.4M | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.2503% | 1h | 0.04516 | +0.058% | $109 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
BloFin MEGA-USDT
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL