Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0948%/8h= +103.8% APRpaid last 24h 0.000%

Price spread now: Orderly against ApeX Omni−0.349%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.349% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.349% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 29 hours of funding at the current rate (+$28 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MEGAUSDT	0.04584	−0.0848	get 0.0106% / 1h	55m 21s	$25K	$231K	50x
Short	Orderly PERP_MEGA_USDC	0.04568	0.0100	get 0.0050% / 4h	2h 55m	$3K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.349%Rate

Funding earned: $199.13
Price spread: −0.349% → 0.000%: −$34.9
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $148.23
Costs to cover: 0.160%
Break-even: 1.8 days

Slippage unknown: ApeX Omni: live order book, 11 min ago; Orderly: no order-book sample. Net counts fees only.

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, 11 min ago	9.75 bp	18.6 bp −$19	125.2 bp −$1,252	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
ApeX Omni MEGAUSDTlong	−0.0848%	1h	0.04584	long leg	$25K	$231K	50x
Coinbase International MEGA-PERP-INTX	−0.0432%	1h	0.04490	−2.042%	$5K	$12K	50x	as long as short
Phoenix MEGA	0.0000%	1h	0.04598	+0.305%	$21K	$7K	5x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04569	−0.327%	$1K	—	150x	as long as short
BloFin MEGA-USDT	+0.0043%	4h	0.04586	+0.044%	$202K	$89K	50x	as long as short
Nado MEGA-PERP	+0.0078%	1h	0.04566	−0.382%	$197K	$138K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04575	−0.204%	$18K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04577	−0.161%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04571	−0.284%	$4.1M	$13.4M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04567	−0.371%	$3.6M	$5.4M	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	0.04566	−0.393%	$938K	$3.1M	20x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04570	−0.305%	$201K	$317K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04570	−0.305%	$847K	$358K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04573	−0.240%	$240K	$116K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04568	−0.349%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04567	−0.371%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04585	+0.022%	$18K	$43K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04575	−0.190%	$323K	$227K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04590	+0.128%	$28K	$1.7M	10x	as long as short
Orderly PERP_MEGA_USDCshort	+0.0100%	4h	0.04568	−0.349%	$3K	$2K	10x
SunX MEGA-USDT	+0.0100%	4h	0.04582	−0.044%	$2K	$1.9M	10x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04600	+0.346%	$136K	$4K	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04570	−0.296%	$130K	$820K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04567	−0.375%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04569	−0.323%	$3K	—	45x	as long as short
Lighter MEGA	+0.1200%	1h	0.04594	+0.218%	$646K	$324K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2326%	1h	0.04592	+0.172%	$111	$15	25x	as long as short
Hyperliquid MEGA	+0.2681%	1h	0.04584	−0.009%	$7.9M	$2.5M	3x	as long as short