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Mega Cap Index (MEGA) Perpetual Futures

Mega Cap Index (MEGA) Perpetual Futures — Live Data

Where to Trade Mega Cap Index (MEGA) Perpetual Futures

Market Overview

The Mega Cap Index is a thematic perpetual futures contract on Hyperliquid tracking the largest US companies by market capitalization, representing the highest tier of the equity market above the typical large-cap threshold. Mega cap stocks offer the deepest liquidity and most institutional positioning in global equity markets, with index performance closely tied to passive investment flows, buyback programs, and Federal Reserve policy that disproportionately affects the most rate-sensitive large growth companies.

Trading Tips for Mega Cap Index Perps

MEGA perps closely track SPX performance given the index concentration in mega caps within the S&P 500. Use MEGA as a higher-conviction expression of broad US equity direction compared to equal-weighted indices. Passive fund rebalancing flows at quarter-end can create predictable MEGA perp price patterns.

Frequently Asked Questions — Mega Cap Index (MEGA)

What is the current MEGA perpetual futures funding rate?▼
The live Mega Cap Index (MEGA) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists MEGA perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest MEGA perp trading fees?▼
Among 2 tracked MEGA venues with comparable order-book schedules, SynFutures lists the lowest taker fee at 0.020%. Hyperliquid lists 0.045%. Use the cost comparison for total cost.
How does Mega Cap Index open interest compare across exchanges?▼
The Mega Cap Index (MEGA) open-interest chart shows the total value of outstanding MEGA derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the MEGA long/short ratio indicate?▼
The Mega Cap Index long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
How can I trade Mega Cap Index index perpetual futures?▼
Mega Cap Index index perps are available on decentralized exchanges like Hyperliquid and dYdX. Create an account, deposit USDC or USDT as collateral, and open a long or short position with your desired leverage. Index perps trade 24/7, so you can react to market-moving events outside traditional trading hours.
Where can I trade MEGA perpetual futures?▼
Mega Cap Index (MEGA) perps are listed on 2 exchanges: Hyperliquid and SynFutures. The "Where to Trade Mega Cap Index (MEGA) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.

Category: ETFs/Indices · Data updates every 2 minutes · All rates shown are annualized

Funding RatesOpen InterestLiquidationsFee ComparisonExchange Deals

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