Funding you earn now, next payment 06:00 UTC−0.0299%/8h= −32.8% APRpaid last 24h −0.198%
Price spread now: KuCoin against Hyperliquid−0.209%7-day average −0.151% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.419%−$42 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.209%, 7d avg −0.151%
=Together, before fees−0.399%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin 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 −0.151%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MEGA | 0.04553 | 0.0399 | pay 0.0050% / 1h | 18m 00s | $7.9M | $2.6M | 3x |
| Short | KuCoin MEGAUSDTM | 0.04543 | 0.0100 | get 0.0050% / 4h | 2h 18m | $230K | $120K | 50x |
Hyperliquid MEGA
KuCoin MEGAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$62.88
- Price spread: −0.209% → −0.151%
- −$5.74
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$89.61
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; KuCoin: live order book, 38 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, 4 min ago | 2.43 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 38 min ago | 14.31 bp | 322.6 bp −$323 | 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 | 0.04589 | +0.813% | $5K | $12K | 50x | as long as short |
| Bybit MEGAUSDT | −0.0032% | 4h | 0.04544 | −0.187% | $3.5M | $5.9M | 20x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04546 | −0.143% | $1K | — | 150x | as long as short |
| Nado MEGA-PERP | +0.0053% | 1h | 0.04548 | −0.110% | $196K | $142K | 2x | as long as short |
| BloFin MEGA-USDT | +0.0094% | 4h | 0.04526 | −0.582% | $199K | $93K | 50x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04544 | −0.177% | $19K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04540 | −0.270% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04545 | −0.165% | $4.0M | $13.8M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04543 | −0.209% | $920K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04490 | −1.373% | $133K | $111 | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
Bybit MEGAUSDT
gTrade (Gains Network) MEGA/USD
Nado MEGA-PERP
BloFin MEGA-USDT
Aster MEGAUSDT
Pacifica MEGA
Binance 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_USDT | +0.0100% | 4h | 0.04546 | −0.143% | $204K | $333K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04545 | −0.165% | $812K | $400K | 50x | as long as short |
| KuCoin MEGAUSDTMshort | +0.0100% | 4h | 0.04543 | −0.209% | $230K | $120K | 50x | |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04545 | −0.165% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04543 | −0.209% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04509 | −0.951% | $318K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04491 | −1.351% | $20K | $1.9M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04492 | −1.329% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04545 | −0.165% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04545 | −0.165% | $1K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04545 | −0.168% | $128K | $431K | 5x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0110% | 1h | 0.04548 | −0.099% | $18K | $57K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04547 | −0.125% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0177% | 1h | 0.04526 | −0.582% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04545 | −0.165% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0376% | 1h | 0.04565 | +0.275% | $622K | $366K | 3x | as long as short |
| Hyperliquid MEGAlong | +0.0399% | 1h | 0.04553 | long leg | $7.9M | $2.6M | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.0938% | 1h | 0.04552 | −0.018% | $110 | $15 | 25x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Backpack MEGA_USDC_PERP
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL