Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni+0.202%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$910.912% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.415%−$42 · spread now +0.202%, 7d avg −0.034%

Together, before fees−0.415%−$42 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: Bitget is 0.237% dearer against ApeX Omni than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MEGAUSDT	0.04450	0.0100	pay 0.0013% / 1h	40m 58s	$24K	$229K	50x
Short	Bitget MEGAUSDT	0.04459	0.0100	get 0.0050% / 4h	1h 40m	$1.1M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.202%Rate

Funding earned: $0
Price spread: +0.202% → −0.034%: $23.67
Slippage, 4 orders: −$69.21
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$67.53
Costs to cover: 0.912%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 40 min ago; Bitget: live order book, 6 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, 40 min ago	8.90 bp	22.6 bp −$23	130.3 bp −$1,303	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	4.49 bp	27.7 bp −$28	92.6 bp −$926	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	−0.0144%	1h	0.04490	+0.908%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04453	+0.072%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0043%	1h	0.04461	+0.247%	$193K	$152K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04454	+0.090%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04458	+0.190%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04465	+0.346%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04458	+0.175%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04454	+0.090%	$3.4M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04453	+0.067%	$911K	$2.9M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04455	+0.112%	$131K	$5K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04455	+0.112%	$190K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04456	+0.135%	$761K	$346K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04459	+0.202%	$235K	$113K	50x	as long as short
Bitget MEGAUSDTshort	+0.0100%	4h	0.04459	+0.202%	$1.1M	$1.4M	50x
BingX MEGA-USDT	+0.0100%	4h	0.04456	+0.135%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04444	−0.133%	$223K	$135K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04453	+0.076%	$22K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDTlong	+0.0100%	1h	0.04450	long leg	$24K	$229K	50x
SunX MEGA-USDT	+0.0100%	4h	0.04456	+0.135%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04453	+0.070%	$126K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0137%	4h	0.04464	+0.315%	$196K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04457	+0.160%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04461	+0.247%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04453	+0.072%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0377%	1h	0.04460	+0.225%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1417%	1h	0.04468	+0.402%	$7.6M	$2.4M	3x	as long as short
Lighter MEGA	+0.1504%	1h	0.04476	+0.584%	$620K	$312K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1681%	1h	0.04461	+0.252%	$108	$15	25x	as long as short