Question 1

Which exchange has the highest MEGA funding rate right now?

Accepted Answer

Hyperliquid shows the highest MEGA funding at +105.71% annualized. A high positive rate means shorts get paid, so this is the venue to short MEGA when running a funding-arbitrage pair. Rates change every settlement window — check the live screener for the current value.

Question 2

Which exchange is best to long MEGA for funding?

Accepted Answer

Coinbase International has the lowest MEGA funding at -1498.99% annualized, which makes the long leg cheapest (or paid). Pair it with the highest-funding venue to capture the spread delta-neutral.

Question 3

What is the best MEGA funding-arbitrage pair?

Accepted Answer

The widest spread is long Coinbase International / short Hyperliquid at about 1604.7% APR before costs. Verify it in the ORBIT backtester, which subtracts real fees and slippage, before sizing a position.

Question 4

How often does MEGA funding settle?

Accepted Answer

MEGA funding settles on different schedules by venue (1h, 4h). Longer intervals concentrate the same annualized rate into fewer, larger payments. ORBIT normalizes every venue to a common APR so they are directly comparable.

Question 5

Is MEGA funding positive or negative?

Accepted Answer

MEGA funding is mixed across venues, ranging -1498.99% to +105.71% APR — which is exactly what creates the cross-exchange arbitrage opportunity.

Question 6

What is the current MEGA perpetual swap funding rate?

Accepted Answer

The current MEGA perpetual swap funding rate ranges from -1498.99% to +105.71% annualized depending on the exchange — Coinbase International is lowest and Hyperliquid is highest right now. There is no single MEGA funding rate: every venue runs its own funding formula and order book, which is why the rate has to be read by exchange rather than as one number.

Question 7

What is the aggregated MEGA funding rate across exchanges?

Accepted Answer

Aggregated across the 31 venues ORBIT tracks, MEGA funding currently spans -1498.99% to +105.71% APR, a spread of 1604.7 percentage points. An aggregated average hides the part that matters for trading — the gap between the cheapest and dearest venue — so the table above lists each exchange separately.

Question 8

How do I read the MEGA 8h funding rate versus the annualized rate?

Accepted Answer

MEGA does not settle on an 8-hour schedule on the venues tracked here. Because intervals differ by exchange, comparing raw per-payment rates is misleading; ORBIT normalizes each venue to annualized APR so the numbers are directly comparable.

Exchange	Funding APR↓	Interval	Open Interest↕	Mark Price↕
HyperliquidBest Short	+105.71%	1h	$3.7M	$0.0446
dreamcash	+105.71%	1h	$3.7M	$0.0446
Ventuals	+105.71%	1h	$3.7M	$0.0446
Lighter	+69.25%	1h	$577K	$0.0446
Hotcoin	+21.92%	4h	$288K	$0.0445
BloFin	+14.48%	4h	$205K	$0.0444
Extended	+11.40%	1h	$70K	$0.0444
Binance Futures	+10.96%	4h	$4.0M	$0.0444
Bybit	+10.96%	4h	$4.0M	$0.0445
OKX	+10.96%	4h	$982K	$0.0444
BingX	+10.96%	4h	$1.4M	$0.0445
Bitget	+10.96%	4h	$955K	$0.0445
Gate.io	+10.96%	4h	$136K	$0.0445
KuCoin	+10.96%	4h	$205K	$0.0444
MEXC	+10.96%	4h	$621K	$0.0445
Aster	+10.96%	4h	$27K	$0.0445
Pacifica	+10.96%	1h	$5K	$0.0446
Backpack	+10.96%	1h	$14K	$0.0445
ApeX	+10.96%	1h	$24K	$0.0444
grvt	+10.96%	4h	$21K	$0.0445
Variational	+10.96%	4h	$157K	$0.0444
Toobit	+10.96%	4h	$167K	$0.0446
Bitunix	+10.96%	4h	—	$0.0445
WEEX	+10.96%	4h	$8K	$0.0444
Pionex	+10.96%	4h	$5K	$0.0444
CoinW	+10.96%	4h	—	$0.0444
LBank	+10.96%	4h	—	$0.0445
Phoenix	+0.20%	1h	$20K	$0.0445
NADO	-4.99%	1h	$80K	$0.0444
Crypto.com	-52.20%	1h	$3K	$0.0444
Coinbase InternationalBest Long	-1498.99%	1h	$1K	$0.0422

MEGA Perpetual Swap Funding Rate by Exchange

How MEGA funding actually paid this week

Funding Rates by Exchange

Funding Rates by Exchange

MEGA funding rates explained

Frequently asked questions