MEGA: HyperLiquid ↔ Kraken arbitrage

MEGA arbitrage between HyperLiquid and Kraken: we compare the price of MEGA on HyperLiquid (futures) and Kraken (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

Open interest in MEGA right now — $15.9M: Bybit $4.7M, Binance $4.3M, HyperLiquid $3.6M, BingX $1.4M, Bitget $770.4K. See OI MEGA.

News about MEGA

• Can MegaETH's MOSS Fix Crypto's Wallet Mess?

About MEGA arbitrage

How do I read the MEGA spread?

The spread is how many percent higher MEGA trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and Kraken. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get MEGA alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.