Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against ApeX Omni+0.067%59s7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$810.810% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.067%, 7d avg −0.047%

Together, before fees−0.116%−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.114% dearer against ApeX Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.047%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MEGAUSDT	0.04416	0.0100	pay 0.0013% / 1h	40m 33s	$24K	$229K	50x
Short	Binance MEGAUSDT	0.04419	0.0100	get 0.0050% / 4h	2h 40m	$3.9M	$12.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → −0.047%: $11.4
Slippage, 4 orders: −$61.03
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$69.63
Costs to cover: 0.810%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 45 min ago; Binance: live order book, 15 min ago.

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, 45 min ago	6.72 bp	15.3 bp −$15	120.6 bp −$1,206	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	2.25 bp	26.2 bp −$26	97.5 bp −$975	doesn't fit	doesn't fit

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	−0.0288%	1h	0.04400	−0.356%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04419	+0.059%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04427	+0.249%	$20K	$7K	5x	as long as short
BloFin MEGA-USDT	+0.0062%	4h	0.04420	+0.091%	$198K	$75K	50x	as long as short
Nado MEGA-PERP	+0.0075%	1h	0.04423	+0.147%	$191K	$151K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04420	+0.091%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04418	+0.054%	$19K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04420	+0.086%	$14K	$10K	3x	as long as short
Binance MEGAUSDTshort	+0.0100%	4h	0.04419	+0.067%	$3.9M	$12.6M	50x
Bybit MEGAUSDT	+0.0100%	4h	0.04418	+0.045%	$3.4M	$4.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04418	+0.045%	$904K	$2.8M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04420	+0.091%	$130K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04417	+0.023%	$188K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04418	+0.045%	$769K	$351K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04420	+0.091%	$228K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04421	+0.113%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04417	+0.023%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04423	+0.159%	$15K	$39K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04414	−0.045%	$235K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04421	+0.107%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDTlong	+0.0100%	1h	0.04416	long leg	$24K	$229K	50x
SunX MEGA-USDT	+0.0100%	4h	0.04423	+0.159%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04419	+0.072%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04422	+0.145%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04418	+0.054%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.1244%	1h	0.04428	+0.274%	$7.5M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1379%	1h	0.04427	+0.251%	$107	$15	25x	as long as short
Lighter MEGA	+0.1720%	1h	0.04439	+0.521%	$597K	$299K	3x	as long as short