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 0.000%

Price spread now: SunX against ApeX Omni−0.068%73s7-day average +0.048% · you buy dearer than you sell

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

Long on ApeX Omni Short on SunX

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)+7.121%+$712 · spread now −0.068%, 7d avg +0.048%

Together, before fees+7.121%+$712 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: SunX is 0.116% cheaper against ApeX Omni than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.048%. The two prices were read 73 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	0.04435	0.0100	pay 0.0013% / 1h	52m 10s	$24K	$228K	50x
Short	SunX MEGA-USDT	0.04432	0.0100	get 0.0050% / 4h	2h 52m	$1K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → +0.048%: −$11.58
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$29.58
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 34 min ago; SunX: live order book, 3 min ago. 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, 34 min ago	6.72 bp	15.3 bp −$15	120.6 bp −$1,206	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.90 bp	doesn't fit	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	−0.0288%	1h	0.04400	−0.782%	$5K	$11K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04431	−0.097%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04458	+0.519%	$20K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0056%	1h	0.04431	−0.079%	$191K	$152K	2x	as long as short
BloFin MEGA-USDT	+0.0092%	4h	0.04443	+0.180%	$198K	$76K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0097%	4h	0.04431	−0.090%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04434	−0.014%	$20K	$79K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04437	+0.041%	$14K	$10K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04432	−0.068%	$4.0M	$12.7M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04429	−0.135%	$3.4M	$4.9M	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	0.04430	−0.113%	$908K	$2.8M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04460	+0.564%	$132K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04431	−0.090%	$189K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04431	−0.090%	$781K	$350K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04434	−0.023%	$228K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04432	−0.068%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04430	−0.113%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04434	−0.023%	$15K	$40K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04441	+0.135%	$236K	$110K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04452	+0.380%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDTlong	+0.0100%	1h	0.04435	long leg	$24K	$228K	50x
SunX MEGA-USDTshort	+0.0100%	4h	0.04432	−0.068%	$1K	$1.9M	10x
Extended MEGA-USD	+0.0104%	1h	0.04432	−0.076%	$126K	$613K	5x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04432	−0.077%	$3	—	3x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0235% / S −0.5353%	1h	0.04430	−0.104%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.1346%	1h	0.04445	+0.216%	$7.6M	$2.3M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1510%	1h	0.04440	+0.106%	$107	$15	25x	as long as short
Lighter MEGA	+0.1560%	1h	0.04453	+0.406%	$599K	$299K	3x	as long as short