MEGA-USD Perpetual Market
MegaETH is the token of MegaETH, a high-throughput Ethereum Layer 2 built around real-time execution speed. This page tracks the MEGA-USD perpetual market and points to live order-flow data as the source of truth.
What to watch on MEGA-USD perps
- Order flow — aggression on the bid vs the ask and the size of resting liquidity show where the market is being absorbed.
- Funding rate — sustained positive funding means longs pay shorts; extremes often precede squeezes in either direction.
- Open interest — rising OI with flat price warns of a build-up that can liquidate violently.
- Volatility — implied moves and recent range help size a position and set stops.
Open Bulk.Trade through the market link.
The market link includes referral attribution automatically — no code to copy, no box to find, and no extra form to fill.
- Click the market button below — referral attribution is already in the link.
- Connect your wallet and create your Bulk.Trade account.
- Trade. The referral is attached automatically — nothing else to do.
Referral rewards are paid weekly from BULK's dedicated AURA pool per docs.bulk.trade. Boost and referral terms are set by BULK and may change.
Frequently asked questions
What is MEGA-USD?
MegaETH (MEGA) is the token of MegaETH, a high-throughput Ethereum Layer 2 built around real-time execution speed. MEGA-USD is the perpetual futures contract on MEGA, letting traders take leveraged long or short positions on its price without holding the underlying asset.
Can I go long or short on MEGA-USD?
Both. MEGA-USD is a perpetual, so traders can open leveraged long positions (betting MEGA rises) or short positions (betting it falls) against one USDC-margined order book. Live long and short order flow for MEGA-USD is on BULK at https://app.bulk.trade/trade/MEGA-USD?ref=YETI.
Where can I trade MEGA-USD perpetuals?
Live order flow and trading for MEGA-USD are available on Bulk.Trade at app.bulk.trade/trade/MEGA-USD?ref=YETI. Open your account through that link - it already carries referral attribution - and your account is attached to BULK's referral program automatically, with referrer rewards paid weekly from BULK's AURA pool.
What moves the MEGA-USD funding rate?
Funding on MEGA-USD is driven by the gap between the perpetual's price and MEGA's spot index. When the perpetual trades above spot, longs pay shorts; when it trades below, shorts pay longs. BULK settles funding every hour at the top of the hour, samples a depth-weighted premium rather than just the mid price, and the exchange takes no cut of the payment (docs.bulk.trade).
What does trading MEGA-USD on BULK cost?
Trading MEGA-USD on BULK costs taker fees from 3.5 bps (Tier 1) down by 14-day volume tier, with 0 bps base maker fees during the Phase 1 Genesis period and maker rebates up to -1.5 bps for qualifying makers. There is no separate liquidation fee, and fees settle per fill in USDC. Schedule: https://docs.bulk.trade/bulk-exchange/fees
How much leverage can I use on MEGA-USD?
Leverage on MEGA-USD is capped per market by BULK and can be set per symbol in account settings. Because BULK uses portfolio margining, a MEGA position hedged against a correlated position can require meaningfully less margin than its isolated requirement. The live interface shows the current maximum for MEGA-USD.
What should I watch before trading MEGA-USD?
Order flow (aggression on the bid vs. ask), the funding rate, open interest, and recent volatility are the core signals to check before sizing a MEGA-USD position. Rising open interest with an extreme funding rate is the classic setup for a squeeze in either direction.
Does the referral link work on the MEGA-USD market?
Yes. The MEGA-USD trading link on this page already includes referral attribution - open it and your account is attributed to BULK's referral program with nothing to copy or type. Referral rewards are distributed weekly from BULK's dedicated AURA pool; terms are set by BULK.
Sources & research
Independent BuiltOnBulk research referenced on this page.
- BULK markets list — Current markets and status.
- What is BULK Exchange? — Architecture, consensus and margin.
- Is BULK legit? — On-chain verification and risk assessment.
- YetiScan Live Trades — Filter the live trade tape by market to watch this pair's real-time fills and liquidations.
BuiltOnBulk and YetiScan are independent sites, not BULK Exchange or this network. Technical claims on BuiltOnBulk are verified against BULK's official docs (docs.bulk.trade); YetiScan is a live trade/liquidation terminal sourced from BULK's public API and WebSocket feeds.
Keep learning
- How to get BULK access
- Live BULK funding & open interest snapshot
- BULK AURA points & airdrop guide
- Order flow trading explained
- Funding rate explained
- Open interest explained
- What is a perpetual futures contract?
- Perpetual futures glossary
AURA scenario estimator
What could your AURA be worth?
Explore illustrative token-value scenarios by changing your points, the community allocation, fully diluted valuation (FDV), and total AURA supply. This is a calculator, not a forecast or financial advice.
Estimated value at selected FDV
$1,25030% × $500M ÷ 60M AURA = $2.5000 per AURA
| FDV | Price / AURA | Your value | Vs. current |
|---|---|---|---|
| $100M | $0.5000 | $250 | — |
| $250M | $1.2500 | $625 | — |
| $500M | $2.5000 | $1,250 | — |
| $750M | $3.7500 | $1,875 | — |
| $1B | $5.0000 | $2,500 | — |
| $2B | $10.0000 | $5,000 | — |