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 −0.007%

Price spread now: Bybit against ApeX Omni−0.022%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1011.014% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 3 days (all we have)−0.235%−$24 · spread now −0.022%, 7d avg −0.073%

Together, before fees−0.402%−$40 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: Bybit is 0.050% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MEGAUSDT	0.04469	0.0100	pay 0.0013% / 1h	15m 27s	$24K	$230K	50x
Short	Bybit MEGAUSDT	0.04468	0.0100	get 0.0050% / 4h	1h 15m	$3.5M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.073%: $5.05
Slippage, 4 orders: −$80.39
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$96.34
Costs to cover: 1.014%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 1 min ago; Bybit: live order book, 2 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, 1 min ago	8.95 bp	18.4 bp −$18	134.6 bp −$1,346	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.24 bp	31.9 bp −$32	140.3 bp −$1,403	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	+0.479%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04471	+0.035%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0052%	1h	0.04473	+0.101%	$193K	$145K	2x	as long as short
BloFin MEGA-USDT	+0.0076%	4h	0.04469	0.000%	$195K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04471	+0.045%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04472	+0.057%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04473	+0.081%	$14K	$8K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04473	+0.090%	$3.9M	$12.8M	50x	as long as short
Bybit MEGAUSDTshort	+0.0100%	4h	0.04468	−0.022%	$3.5M	$4.9M	20x
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04467	−0.045%	$909K	$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	0.04470	+0.022%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04468	−0.022%	$191K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04471	+0.045%	$758K	$351K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04475	+0.134%	$236K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04472	+0.067%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04470	+0.022%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04470	+0.032%	$224K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04470	+0.017%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDTlong	+0.0100%	1h	0.04469	long leg	$24K	$230K	50x
SunX MEGA-USDT	+0.0100%	4h	0.04475	+0.134%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04472	+0.058%	$127K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04473	+0.087%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04479	+0.224%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04470	+0.013%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0439%	1h	0.04476	+0.157%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1275%	1h	0.04480	+0.237%	$7.6M	$2.4M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1539%	1h	0.04481	+0.266%	$108	$15	25x	as long as short
Lighter MEGA	+0.2664%	1h	0.04493	+0.537%	$632K	$323K	3x	as long as short