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

MEGA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.048%
Price spread now: SunX against Backpack−0.591%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.591% cheaper against Backpack than usual: you would sell low and buy high, −$59 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack MEGA_USDC_PERP0.045680.0100pay 0.0013% / 1h57m 05s$18K$47K5x
ShortSunX MEGA-USDT0.045410.0100get 0.0050% / 4h57m 05s$2K$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Backpack. 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
$0
Price spread: −0.591% → 0.000%
−$59.11
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$77.11
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Backpack: no order-book sample; SunX: live order book, 9 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 Backpack no order-book sample
Sell SunX live order book, 9 min ago500.99 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0744%1h0.04490−1.699%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDL +0.0001% / S +0.0023%1h0.04559−0.197%$1K150xas long as short
Nado MEGA-PERP+0.0058%1h0.04549−0.416%$197K$142K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04557−0.251%$18K$89K5xas long as short
Pacifica MEGA+0.0100%1h0.04545−0.501%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04566−0.051%$4.1M$13.6M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04563−0.109%$3.6M$5.6M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04564−0.088%$936K$3.1M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04560−0.175%$135K$4K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04556−0.263%$198K$319K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.04560−0.175%$833K$366K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04556−0.263%$229K$117K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04567−0.022%$1.1M$1.5M50xas long as short
BingX MEGA-USDT+0.0100%4h0.04565−0.066%$1.7Mas long as short
Backpack MEGA_USDC_PERPlong+0.0100%1h0.04568long leg$18K$47K5x
Variational Omni MEGA+0.0100%4h0.04541−0.590%$321K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04550−0.384%$24K$1.8M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04545−0.504%$24K$232K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04558−0.219%$3K$2K10xas long as short
SunX MEGA-USDTshort+0.0100%4h0.04541−0.591%$2K$1.9M10x
Extended MEGA-USD+0.0104%1h0.04557−0.242%$127K$823K5xas long as short
BloFin MEGA-USDT+0.0150%4h0.04543−0.547%$202K$94K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04550−0.388%$33xas long as short
Phoenix MEGA+0.0175%1h0.04550−0.394%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04554−0.315%$3K45xas long as short
Hyperliquid MEGA+0.0270%1h0.04574+0.136%$7.9M$2.6M3xas long as short
Lighter MEGA+0.0376%1h0.04581+0.285%$648K$335K3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1966%1h0.04568−0.004%$111$1525xas long as short