After costs, if the gap returns to its 7d average, $10k−$165
spread now+0.230%7d average+0.082%fees + slippage, in and out−$180spread needed1.798%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid MEGA | 0.04395 | 0.1371 | pay 0.0171% / 1h | 42m 27s | $7.4M | $2.5M | 3x |
| Short | Lighter MEGA | 0.04405 | 0.0096 | get 0.0012% / 1h | 42m 27s | $598K | $275K | 3x |
Hyperliquid MEGA
Lighter MEGAPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $22.98
- Funding while held
- −$38.25
- Slippage, 4 orders
- −$170.81
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$195.08
- Spread needed to break even
- 1.798%
Slippage from Hyperliquid: live order book, 11 min ago; Lighter: live order book, 59 min ago.
Cost of waiting
funding view- Funding /8h
- −0.1275%
- Per $10,000 a day
- −$38.25
- Average in range /8h
- —
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 | 1.89 bp | 30.2 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 59 min ago | 14.17 bp | 25.6 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
MEGA price on every exchange
against the cheapest. Click to use as the short leg.Gate0.04378cheapestBybit0.04379+0.023%OKX0.04379+0.023%Extended0.04380+0.057%Nado0.04380+0.057%Binance0.04381+0.069%BingX0.04381+0.069%Reya0.04382+0.096%MEXC0.04383+0.114%Bitget0.04385+0.160%KuCoin0.04386+0.183%Pacifica0.04387+0.196%Orderly0.04389+0.251%SunX0.04389+0.251%Aster0.04389+0.257%GMX0.04390+0.286%Backpack0.04391+0.297%gTrade (Gains Network)0.04391+0.299%
Gate
Bybit
OKX
Extended
Nado
Binance
BingX
Reya
MEXC
Bitget
KuCoin
Pacifica
Orderly
SunX
Aster
GMX
Backpack
gTrade (Gains Network)Hyperliquid0.04395+0.386%
Deribit0.04395+0.395%Phoenix0.04403+0.571%
Deribit
PhoenixLighter0.04405+0.617%
BloFin0.04407+0.662%ApeX Omni0.04412+0.777%Bulk0.04420+0.959%Variational Omni0.04429+1.168%Coinbase International0.04524+3.328%
BloFin
ApeX Omni
Bulk
Variational Omni
Coinbase InternationalMEGA on 27 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | −0.385% | +0.0064% | 4h | $194K | $249K | 20x | as long as short |
| Bybit MEGAUSDT | −0.362% | +0.0100% | 4h | $3.2M | $4.5M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | −0.362% | +0.0100% | 4h | $908K | $2.8M | 20x | as long as short |
| Extended MEGA-USD | −0.328% | +0.0104% | 1h | $132K | $605K | 5x | as long as short |
| Nado MEGA-PERP | −0.328% | +0.0038% | 1h | $189K | $152K | 2x | as long as short |
| Binance MEGAUSDT | −0.316% | +0.0100% | 4h | $4.0M | $12.2M | 50x | as long as short |
| BingX MEGA-USDT | −0.316% | +0.0100% | 4h | — | $1.7M | — | as long as short |
| Reya MEGARUSDPERP | −0.289% | +0.0159% | 1h | $3 | — | 3x | as long as short |
| MEXC MEGA_USDT | −0.271% | +0.0100% | 4h | $770K | $354K | 50x | as long as short |
| Bitget MEGAUSDT | −0.225% | +0.0100% | 4h | $1.0M | $1.3M | 50x | as long as short |
Show all 27 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin MEGAUSDTM | −0.203% | +0.0100% | 4h | $229K | $114K | 50x | as long as short |
| Pacifica MEGA | −0.189% | +0.0100% | 1h | $14K | $10K | 3x | as long as short |
| Orderly PERP_MEGA_USDC | −0.134% | +0.0099% | 4h | $3K | $994 | 10x | as long as short |
| SunX MEGA-USDT | −0.134% | +0.0100% | 4h | $2K | $1.9M | 10x | as long as short |
| Aster MEGAUSDT | −0.128% | +0.0100% | 4h | $33K | $58K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | −0.100% | L +0.0235% / S −0.5353% | 1h | $3K | — | 45x | as long as short |
| Backpack MEGA_USDC_PERP | −0.089% | +0.0100% | 1h | $17K | $38K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | −0.087% | L −0.0018% / S +0.0023% | 1h | $15K | — | 150x | as long as short |
| Hyperliquid MEGAlong | 0.000% | +0.1371% | 1h | $7.4M | $2.5M | 3x | |
| Deribit MEGA_USDC-PERPETUAL | +0.009% | +0.1916% | 1h | $106 | $15 | 25x | as long as short |
| Phoenix MEGA | +0.184% | 0.0000% | 1h | $20K | $6K | 5x | as long as short |
| Lighter MEGAshort | +0.230% | +0.0096% | 1h | $598K | $275K | 3x | |
| BloFin MEGA-USDT | +0.275% | +0.0084% | 4h | $205K | $74K | 50x | as long as short |
| ApeX Omni MEGAUSDT | +0.389% | +0.0100% | 1h | $25K | $223K | 50x | as long as short |
| Bulk MEGA-USD | +0.571% | +0.0100% | 1h | $131K | $569 | 10x | as long as short |
| Variational Omni MEGA | +0.779% | +0.0100% | 4h | $233K | $102K | — | as long as short |
| Coinbase International MEGA-PERP-INTX | +2.931% | +0.1192% | 1h | $7K | $6K | 50x | as long as short |