MEGA Funding Rate — live across 13 venues
Compared across 13 supported venues · net of estimated fees · updated every few minutes
Live annualized MEGA perpetual funding across all 13 venues Perpia tracks. Right now MEGA funding is positive on 12 and negative on 1, ranging from +159.0% on BackPack to -9.5% on Nado — a spread of 168.4%. The widest delta-neutral trade is long Nado / short BackPack at 163.7% net APR.
MEGA funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
MEGA funding rate by venue
23 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| BackPack↗ | +159.0% | 1h |
| Extended↗ | +11.4% | 1h |
| MEXC↗ | +10.9% | 4h |
| Binance↗ | +10.9% | 4h |
| OKX↗ | +10.9% | 4h |
| Gate.io↗ | +10.9% | 4h |
| Variational↗ | +10.9% | 4h |
| Bybit↗ | +10.9% | 4h |
| Hyperliquid↗ | +10.9% | 1h |
| Bitget↗ | +10.9% | 4h |
| KuCoin↗ | +10.9% | 4h |
| BingX↗ | +10.9% | 4h |
| Nado↗ | -9.5% | 24h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Nado vs BackPack page.
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MEGA funding — FAQ
Is MEGA funding positive right now?
MEGA perpetual funding is positive on 12 of 13 venues Perpia tracks and negative on 1. The highest is +159.0% on BackPack; the lowest is -9.5% on Nado.
What is the best MEGA funding arbitrage right now?
Go long Nado and short BackPack for about 163.7% net APR after fees — the widest delta-neutral MEGA spread Perpia currently sees.
Which exchange has the highest MEGA funding rate?
BackPack, at +159.0% annualized. Funding shifts continuously, so check the live table above before trading.
How MEGA funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to MEGA
Markets also quoted on both BackPack and Nado — the same two exchanges you would already have funded for the MEGA trade.
See every spread between them on the BackPack vs Nado page.