Funding you earn now, next payment 04:00 UTC+0.0410%/8h= +44.9% APRpaid last 24h +0.047%
Price spread now: Backpack against Aster+0.025%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Backpack is 0.025% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster MEGAUSDT | 0.04614 | 0.0100 | pay 0.0050% / 4h | 8m 52s | $19K | $90K | 5x |
| Short | Backpack MEGA_USDC_PERP | 0.04615 | 0.0510 | get 0.0064% / 1h | 8m 52s | $19K | $53K | 5x |
Aster MEGAUSDT
Backpack MEGA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $86.07
- Price spread: +0.025% → 0.000%
- $2.48
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $70.56
- Costs to cover
- 0.180%
- Break-even
- 1.3 days
Slippage unknown: Aster: no order-book sample; Backpack: 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 Aster no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
Aster and Backpack: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0744% | 1h | 0.04589 | −0.528% | $5K | $13K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04619 | +0.112% | $1K | — | 150x | as long as short |
| BloFin MEGA-USDT | +0.0076% | 4h | 0.04618 | +0.090% | $204K | $96K | 50x | as long as short |
| Nado MEGA-PERP | +0.0076% | 1h | 0.04618 | +0.101% | $199K | $143K | 2x | as long as short |
| Aster MEGAUSDTlong | +0.0100% | 4h | 0.04614 | long leg | $19K | $90K | 5x | |
| Pacifica MEGA | +0.0100% | 1h | 0.04621 | +0.157% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04614 | +0.003% | $4.1M | $13.7M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04610 | −0.084% | $3.6M | $5.7M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04609 | −0.105% | $945K | $3.2M | 20x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04630 | +0.345% | $137K | $111 | 10x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Nado MEGA-PERP
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAP
Bulk MEGA-USDShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04612 | −0.040% | $200K | $321K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04611 | −0.062% | $810K | $377K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04612 | −0.040% | $235K | $118K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04614 | +0.003% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04608 | −0.127% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04627 | +0.277% | $327K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04621 | +0.161% | $26K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04623 | +0.198% | $24K | $230K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04618 | +0.090% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04615 | +0.025% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04607 | −0.155% | $129K | $821K | 5x | as long as short |
| Hyperliquid MEGA | +0.0142% | 1h | 0.04622 | +0.179% | $8.0M | $2.6M | 3x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04616 | +0.041% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0176% | 1h | 0.04626 | +0.263% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0238% / S −0.5353% | 1h | 0.04618 | +0.101% | $3K | — | 45x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0421% | 1h | 0.04623 | +0.190% | $112 | $15 | 25x | as long as short |
| Backpack MEGA_USDC_PERPshort | +0.0510% | 1h | 0.04615 | +0.025% | $19K | $53K | 5x | |
| Lighter MEGA | +0.0592% | 1h | 0.04637 | +0.502% | $656K | $340K | 3x | as long as short |
Gate MEGA_USDT
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Hyperliquid MEGA
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA