Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against ApeX Omni+0.520%7-day average −0.061% · you sell dearer than you buy

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.671%−$67 · spread now +0.520%, 7d avg −0.061%

Together, before fees−0.674%+ Points / potential airdropVariational Omni: Active · farm board−$67 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: Variational Omni is 0.582% dearer against ApeX Omni than usual: you sell high and buy low, +$58 on $10k if it goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MEGAUSDT	0.04563	0.0100	pay 0.0013% / 1h	55m 09s	$24K	$231K	50x
Short	Variational Omni MEGA	0.04587	0.0100	get 0.0050% / 4h	55m 09s	$323K	$226K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.520%Rate

Funding earned: $0
Price spread: +0.520% → −0.061%: $58.17
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $48.17
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 1 min ago; Variational Omni: RFQ quote, 4 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, 1 min ago	7.62 bp	14.8 bp −$15	126.5 bp −$1,265	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	4.40 bp	doesn't fit	134.2 bp −$1,342	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	−0.0744%	1h	0.04490	−1.591%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04596	+0.724%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0001%	1h	0.04593	+0.647%	$199K	$142K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04595	+0.711%	$18K	$89K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04592	+0.642%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04598	+0.772%	$4.1M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04598	+0.767%	$3.6M	$5.6M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04598	+0.767%	$942K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04560	−0.066%	$135K	$4K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04594	+0.679%	$199K	$319K	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MEGA_USDT	+0.0100%	4h	0.04596	+0.723%	$839K	$366K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04596	+0.723%	$231K	$117K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04596	+0.723%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04598	+0.767%	—	$1.7M	—	as long as short
Variational Omni MEGAshort	+0.0100%	4h	0.04587	+0.520%	$323K	$226K	—
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04564	+0.022%	$24K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDTlong	+0.0100%	1h	0.04563	long leg	$24K	$231K	50x
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04595	+0.701%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04590	+0.592%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04596	+0.734%	$128K	$823K	5x	as long as short
BloFin MEGA-USDT	+0.0155%	4h	0.04584	+0.460%	$204K	$95K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04590	+0.597%	$3	—	3x	as long as short
Phoenix MEGA	+0.0175%	1h	0.04550	−0.285%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04595	+0.710%	$3K	—	45x	as long as short
Hyperliquid MEGA	+0.0260%	1h	0.04605	+0.920%	$8.0M	$2.6M	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0323%	1h	0.04602	+0.855%	$18K	$47K	5x	as long as short
Lighter MEGA	+0.0632%	1h	0.04618	+1.205%	$653K	$335K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.2034%	1h	0.04607	+0.960%	$111	$15	25x	as long as short