Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against ApeX Omni−0.177%83s7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as 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−$1121.119% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.177%, 7d avg −0.074%

Together, before fees−0.023%−$2 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: BingX is 0.103% cheaper against ApeX Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.074%. The two prices were read 83 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	0.04518	0.0100	pay 0.0013% / 1h	43m 56s	$23K	$228K	50x
Short	BingX MEGA-USDT	0.04510	0.0100	get 0.0050% / 4h	2h 43m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.177%Rate

Funding earned: $0
Price spread: −0.177% → −0.074%: −$10.3
Slippage, 4 orders: −$91.92
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$122.22
Costs to cover: 1.119%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 2 min ago; BingX: live order book, 9 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, 2 min ago	6.65 bp	15.1 bp −$15	125.1 bp −$1,251	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	16.56 bp	38.3 bp −$38	90.6 bp −$906	686.1 bp −$68.6K	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	−0.0048%	1h	0.04589	+1.583%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	0.0000%	4h	0.04504	−0.310%	$3.5M	$5.8M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04510	−0.180%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0061%	1h	0.04513	−0.111%	$195K	$141K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04510	−0.180%	$18K	$91K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04515	−0.069%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04509	−0.201%	$4.0M	$13.7M	50x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04504	−0.310%	$918K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04530	+0.266%	$134K	$111	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04510	−0.177%	$200K	$325K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04507	−0.243%	$806K	$383K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04510	−0.177%	$229K	$118K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04507	−0.243%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDTshort	+0.0100%	4h	0.04510	−0.177%	—	$1.7M	—
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04513	−0.111%	$18K	$54K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04510	−0.183%	$318K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04519	+0.022%	$28K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDTlong	+0.0100%	1h	0.04518	long leg	$23K	$228K	50x
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04510	−0.177%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04510	−0.177%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04504	−0.314%	$126K	$430K	5x	as long as short
BloFin MEGA-USDT	+0.0117%	4h	0.04515	−0.066%	$200K	$93K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04509	−0.193%	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	0.04518	0.000%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04510	−0.181%	$3K	—	45x	as long as short
Lighter MEGA	+0.0392%	1h	0.04530	+0.266%	$631K	$352K	3x	as long as short
Hyperliquid MEGA	+0.0489%	1h	0.04517	−0.018%	$7.8M	$2.6M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0903%	1h	0.04516	−0.051%	$109	$15	25x	as long as short