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 −0.020%

Price spread now: GRVT against ApeX Omni+0.020%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1751.748% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 3 days (all we have)+0.129%+$13 · spread now +0.020%, 7d avg −0.033%

Together, before fees+0.109%+ Points / potential airdropGRVT: Active · farm board+$11 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: GRVT is 0.052% 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 −0.033%.

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	55m 39s	$24K	$230K	50x
Short	GRVT MEGA_USDT_Perp	0.04476	0.0100	get 0.0050% / 4h	1h 55m	$21K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.033%: $5.24
Slippage, 4 orders: −$155.81
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$169.57
Costs to cover: 1.748%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 26 min ago; GRVT: live order book, 3 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, 26 min ago	8.90 bp	22.6 bp −$23	130.3 bp −$1,303	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	4.47 bp	69.9 bp −$70	doesn't fit	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	+0.344%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04473	−0.038%	$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	+0.0034%	1h	0.04476	+0.034%	$193K	$150K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04475	0.000%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04468	−0.155%	$20K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04473	−0.051%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04472	−0.068%	$4.0M	$12.8M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04469	−0.134%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04469	−0.134%	$914K	$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	0.04466	−0.201%	$190K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04471	−0.089%	$764K	$345K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04468	−0.156%	$236K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04469	−0.134%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04471	−0.089%	—	$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_Perpshort	+0.0100%	4h	0.04476	+0.020%	$21K	$1.7M	10x
ApeX Omni MEGAUSDTlong	+0.0100%	1h	0.04475	long leg	$24K	$230K	50x
SunX MEGA-USDT	+0.0100%	4h	0.04477	+0.045%	$2K	$1.9M	10x	as long as short
BloFin MEGA-USDT	+0.0102%	4h	0.04472	−0.067%	$197K	$76K	50x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04474	−0.027%	$127K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04476	+0.027%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04473	−0.038%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0779%	1h	0.04478	+0.067%	$18K	$41K	5x	as long as short
Lighter MEGA	+0.1536%	1h	0.04492	+0.380%	$621K	$311K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1537%	1h	0.04484	+0.192%	$109	$15	25x	as long as short
Hyperliquid MEGA	+0.1543%	1h	0.04481	+0.130%	$7.6M	$2.4M	3x	as long as short