Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against Aster+0.057%49s7-day average — · you sell dearer than you buy

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

Long on Aster 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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.057% dearer against Aster than usual: you sell high and buy low, +$6 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Aster MEGAUSDT	0.04546	0.0100	pay 0.0050% / 4h	57m 37s	$18K	$89K	5x
Short	Orderly PERP_MEGA_USDC	0.04549	0.0100	get 0.0050% / 4h	57m 37s	$3K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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

Position, each leg$Hold fordaysFee AsterbpFee OrderlybpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → 0.000%: $5.67
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$8.33
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; 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 Aster no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Aster and 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
Coinbase International MEGA-PERP-INTX	−0.0744%	1h	0.04490	−1.232%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04551	+0.103%	$1K	—	150x	as long as short
BloFin MEGA-USDT	+0.0051%	4h	0.04548	+0.035%	$203K	$94K	50x	as long as short
Nado MEGA-PERP	+0.0058%	1h	0.04549	+0.057%	$197K	$142K	2x	as long as short
Aster MEGAUSDTlong	+0.0100%	4h	0.04546	long leg	$18K	$89K	5x
Pacifica MEGA	+0.0100%	1h	0.04545	−0.029%	$14K	$9K	3x	as long as short
Binance MEGAUSDT	+0.0100%	4h	0.04546	−0.004%	$4.0M	$13.6M	50x	as long as short
Bybit MEGAUSDT	+0.0100%	4h	0.04553	+0.145%	$3.6M	$5.6M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04550	+0.079%	$931K	$3.1M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04560	+0.299%	$135K	$4K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04546	−0.009%	$197K	$319K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04543	−0.075%	$826K	$365K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04547	+0.013%	$228K	$117K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04544	−0.053%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04542	−0.097%	—	$1.7M	—	as long as short
Backpack MEGA_USDC_PERP	+0.0100%	1h	0.04552	+0.123%	$18K	$47K	5x	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04541	−0.118%	$321K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04550	+0.088%	$24K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04545	−0.031%	$24K	$232K	50x	as long as short
Orderly PERP_MEGA_USDCshort	+0.0100%	4h	0.04549	+0.057%	$3K	$2K	10x
SunX MEGA-USDT	+0.0100%	4h	0.04552	+0.123%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04541	−0.120%	$127K	$823K	5x	as long as short
Hyperliquid MEGA	+0.0124%	1h	0.04553	+0.156%	$7.9M	$2.6M	3x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04549	+0.053%	$3	—	3x	as long as short
Phoenix MEGA	+0.0175%	1h	0.04545	−0.031%	$21K	$6K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04550	+0.072%	$3K	—	45x	as long as short
Lighter MEGA	+0.0376%	1h	0.04568	+0.475%	$646K	$335K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1794%	1h	0.04559	+0.288%	$110	$15	25x	as long as short