Skip to content
PerpFinder
Live Data

Mega Cap Index (MEGA) Perpetual Futures

Mega Cap Index (MEGA) Perpetual Futures — Live Data

Trade MEGAon 2 exchangesHyperliquid logoOpen on Hyperliquid

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.

MEGA Perps Data — ETFs/Indices Category

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.

Where to Trade Mega Cap Index (MEGA) Perpetual Futures

Mega Cap Index (MEGA) perpetual futures are available on 2 exchanges. Compare fees, leverage, and features below to find the best platform for trading MEGA perps.

Hyperliquid logo
Hyperliquid
Hyperliquid L1
Maker Fee
0.015%
Taker Fee
0.045%
Max Leverage
50x
Rating
9.2/5
Trade MEGAReview
SynFutures logo
Maker Fee
0.010%
Taker Fee
0.020%
Max Leverage
100x
Rating
7.8/5
Trade MEGAReview

Frequently Asked Questions — Mega Cap Index (MEGA)

What is the current MEGA perpetual futures funding rate?▼
The live Mega Cap Index (MEGA) funding rate is shown above, updated every 2 minutes. Funding rates are displayed as annualized percentages for each exchange listing 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?▼
The cost comparison table above estimates total trading costs (maker/taker fees plus slippage) for a $100,000 MEGA perpetual futures trade across all major exchanges. Compare fees for MEGA perps on both centralized and decentralized platforms to find the most cost-effective venue.
How does Mega Cap Index open interest compare across exchanges?▼
Mega Cap Index (MEGA) open interest is broken down by exchange in the chart above, showing the total value of outstanding MEGA derivative contracts on each platform. 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 currently listed on 2 exchanges. See the "Where to Trade" section above for a full comparison of fees, leverage limits, and direct trading links for each platform.

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

Funding RatesOpen InterestLiquidationsFee ComparisonExchange Deals

Related ETFs/Indices Assets

BIOTECH
Biotech Index
DEFENSE
Defense Index
DXY
US Dollar Index
ENERGY
Energy Index
EWJ
iShares MSCI Japan ETF
GOLDJM
Gold Miners Junior Index
View all 304 assets →