Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0756%/8h= +82.8% APRpaid last 24h +0.239%
Price spread now: Lighter against Aster+0.478%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Lighter is 0.478% dearer against Aster than usual: you sell high and buy low: +$48 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster MEGAUSDT0.045980.0100pay 0.0050% / 4h3h 34m$19K$91K5x
ShortLighter MEGA0.046200.0856get 0.0107% / 1h34m 32s$654K$341K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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

Funding earned
$158.76
Price spread: +0.478% → 0.000%
$47.76
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$198.52
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Lighter: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Lighter live order book, 11 min ago33.52 bp77.0 bp −$77doesn't fitdoesn't fitdoesn't fit
Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0680%1h0.04589−0.186%$5K$12K50xas long as short
Bybit MEGAUSDT−0.0154%4h0.04595−0.066%$3.5M$5.8M20xas long as short
Phoenix MEGA0.0000%1h0.04606+0.173%$21K$7K5xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04594−0.093%$1K150xas long as short
Nado MEGA-PERP+0.0077%1h0.04594−0.077%$198K$144K2xas long as short
BloFin MEGA-USDT+0.0088%4h0.04595−0.066%$203K$95K50xas long as short
Aster MEGAUSDTlong+0.0100%4h0.04598long leg$19K$91K5x
Pacifica MEGA+0.0100%1h0.04599+0.017%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04595−0.065%$4.1M$13.7M50xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04592−0.131%$937K$3.2M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk MEGA-USD+0.0100%1h0.04595−0.069%$136K$11110xas long as short
Gate MEGA_USDT+0.0100%4h0.04598−0.001%$204K$326K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04598−0.001%$806K$375K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04599+0.021%$234K$119K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04595−0.066%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04596−0.044%$1.7Mas long as short
Variational Omni MEGA+0.0100%4h0.04599+0.025%$325K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04590−0.168%$29K$1.8M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04610+0.260%$24K$230K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04593−0.110%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04593−0.110%$2K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04596−0.052%$129K$821K5xas long as short
Backpack MEGA_USDC_PERP+0.0145%1h0.04600+0.043%$19K$53K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04592−0.137%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0238% / S −0.5353%1h0.04595−0.064%$3K45xas long as short
Hyperliquid MEGA+0.0327%1h0.04605+0.145%$8.0M$2.6M3xas long as short
Lighter MEGAshort+0.0856%1h0.04620+0.478%$654K$341K3x
Deribit MEGA_USDC-PERPETUAL+0.1012%1h0.04601+0.067%$111$1525xas long as short