Funding you earn now, next payment 02:00 UTC−0.0123%/8h= −13.4% APRnext payment −$0.15 per $10,000 · paid last 24h −0.079%
Price spread now: gTrade (Gains Network) against Backpack−0.132%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.132% cheaper against Backpack than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack MEGA_USDC_PERP | 0.04534 | 0.0100 | pay 0.0013% / 1h | 51m 07s | $18K | $43K | 5x |
| Short | gTrade (Gains Network) MEGA/USD | 0.04528 | L −0.0018% / S +0.0023% | pay 0.0003% / 1h | 51m 07s | $12K | — | 150x |
Backpack MEGA_USDC_PERP
gTrade (Gains Network) MEGA/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Backpack. 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
- −$25.77
- Price spread: −0.132% → 0.000%
- −$13.23
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 6 bp × 2 orders
- −$12
- Net
- −$61
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; gTrade (Gains Network): 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 Backpack no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Backpack and gTrade (Gains Network): 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 | −0.0432% | 1h | 0.04490 | −0.962% | $5K | $12K | 50x | as long as short |
| ApeX Omni MEGAUSDT | −0.0214% | 1h | 0.04548 | +0.309% | $24K | $232K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USDshort | L −0.0018% / S +0.0023% | 1h | 0.04528 | −0.132% | $12K | — | 150x | |
| BloFin MEGA-USDT | +0.0070% | 4h | 0.04540 | +0.132% | $201K | $89K | 50x | as long as short |
| Nado MEGA-PERP | +0.0097% | 1h | 0.04527 | −0.154% | $195K | $140K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04529 | −0.100% | $17K | $90K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04530 | −0.082% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04530 | −0.088% | $4.0M | $13.5M | 50x | as long as short |
| Bybit MEGAUSDT | +0.0100% | 4h | 0.04529 | −0.110% | $3.5M | $5.4M | 20x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04526 | −0.176% | $928K | $3.1M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
ApeX Omni MEGAUSDT
BloFin MEGA-USDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
Bybit MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate MEGA_USDT | +0.0100% | 4h | 0.04530 | −0.088% | $201K | $318K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04530 | −0.088% | $840K | $359K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04534 | 0.000% | $238K | $117K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04529 | −0.110% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04529 | −0.110% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERPlong | +0.0100% | 1h | 0.04534 | long leg | $18K | $43K | 5x | |
| Variational Omni MEGA | +0.0100% | 4h | 0.04528 | −0.137% | $319K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04552 | +0.397% | $28K | $1.7M | 10x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04529 | −0.110% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04534 | 0.000% | $2K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04600 | +1.453% | $136K | $4K | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04527 | −0.145% | $127K | $824K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04527 | −0.148% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0173% | 1h | 0.04575 | +0.904% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04528 | −0.132% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.1208% | 1h | 0.04553 | +0.419% | $640K | $324K | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.2179% | 1h | 0.04540 | +0.124% | $110 | $15 | 25x | as long as short |
| Hyperliquid MEGA | +0.2258% | 1h | 0.04543 | +0.187% | $7.8M | $2.5M | 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
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Deribit MEGA_USDC-PERPETUAL
Hyperliquid MEGA