MEGA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0490%/8h= +53.7% APRnext payment +$0.61 per $10,000 · paid last 24h +0.030%

Price spread now: Backpack against ApeX Omni−0.045%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Backpack is 0.045% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MEGAUSDT	0.04475	0.0100	pay 0.0013% / 1h	57m 27s	$24K	$230K	50x
Short	Backpack MEGA_USDC_PERP	0.04473	0.0590	get 0.0074% / 1h	57m 27s	$18K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee BackpackbpOrdersPrice spread, now −0.045%Rate

Funding earned: $102.91
Price spread: −0.045% → 0.000%: −$4.47
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $78.44
Costs to cover: 0.200%
Break-even: 1.7 days

Slippage unknown: ApeX Omni: live order book, 24 min ago; Backpack: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 24 min ago	8.90 bp	22.6 bp −$23	130.3 bp −$1,303	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MEGA on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MEGA-PERP-INTX	−0.0144%	1h	0.04490	+0.344%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04468	−0.153%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04474	−0.022%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0024%	1h	0.04469	−0.123%	$193K	$150K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04469	−0.134%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04469	−0.144%	$20K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04472	−0.067%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04470	−0.114%	$4.0M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04468	−0.156%	$3.4M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04470	−0.112%	$915K	$2.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04471	−0.082%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04468	−0.156%	$191K	$309K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04469	−0.134%	$764K	$345K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04472	−0.067%	$236K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04470	−0.112%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04468	−0.156%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04472	−0.059%	$238K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04476	+0.020%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDTlong	+0.0100%	1h	0.04475	long leg	$24K	$230K	50x
SunX MEGA-USDT	+0.0100%	4h	0.04469	−0.134%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04469	−0.138%	$127K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0128%	4h	0.04480	+0.112%	$197K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04470	−0.107%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04467	−0.172%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERPshort	+0.0590%	1h	0.04473	−0.045%	$18K	$41K	5x
Deribit MEGA_USDC-PERPETUAL	+0.1115%	1h	0.04476	+0.011%	$108	$15	25x	as long as short
Hyperliquid MEGA	+0.1479%	1h	0.04481	+0.143%	$7.6M	$2.4M	3x	as long as short
Lighter MEGA	+0.1776%	1h	0.04490	+0.335%	$621K	$310K	3x	as long as short