Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Binance+0.201%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$870.871% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−0.190%−$19 · spread now +0.201%, 7d avg +0.047%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.155% dearer against Binance than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEGAUSDT	0.04476	0.0100	pay 0.0050% / 4h	2h 15m	$4.0M	$12.7M	50x
Short	ApeX Omni MEGAUSDT	0.04485	0.0100	get 0.0013% / 1h	15m 31s	$25K	$229K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.201%Rate

Funding earned: $0
Price spread: +0.201% → +0.047%: $15.45
Slippage, 4 orders: −$67.12
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$71.67
Costs to cover: 0.871%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; ApeX Omni: live order book, 6 min ago.

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 Binance live order book, 10 min ago	1.12 bp	21.8 bp −$22	123.3 bp −$1,233	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 6 min ago	8.90 bp	17.0 bp −$17	142.2 bp −$1,422	doesn't fit	doesn't fit

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	−0.0288%	1h	0.04490	+0.322%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04475	−0.012%	$12K	—	150x	as long as short
Phoenix MEGA	0.0000%	1h	0.04497	+0.469%	$21K	$7K	5x	as long as short
Nado MEGA-PERP	+0.0049%	1h	0.04476	+0.011%	$193K	$150K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0098%	4h	0.04479	+0.067%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04476	+0.004%	$20K	$80K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04480	+0.087%	$14K	$9K	3x	as long as short
Binance MEGAUSDTlong	+0.0100%	4h	0.04476	long leg	$4.0M	$12.7M	50x
Bybit MEGAUSDT	+0.0100%	4h	0.04477	+0.022%	$3.4M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04476	0.000%	$917K	$2.9M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk MEGA-USD	+0.0100%	1h	0.04500	+0.525%	$133K	$5K	10x	as long as short
Gate MEGA_USDT	+0.0100%	4h	0.04477	+0.022%	$191K	$311K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04476	0.000%	$772K	$356K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04479	+0.067%	$236K	$112K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04477	+0.022%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04476	0.000%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04493	+0.385%	$239K	$109K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04487	+0.238%	$21K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDTshort	+0.0100%	1h	0.04485	+0.201%	$25K	$229K	50x
SunX MEGA-USDT	+0.0100%	4h	0.04480	+0.089%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04475	−0.013%	$127K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0155%	4h	0.04491	+0.335%	$197K	$77K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04475	−0.016%	$3	—	3x	as long as short
Backpack MEGA_USDC_PERP	+0.0198%	1h	0.04482	+0.134%	$18K	$41K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04475	−0.018%	$3K	—	45x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.0866%	1h	0.04485	+0.203%	$109	$15	25x	as long as short
Hyperliquid MEGA	+0.1197%	1h	0.04489	+0.290%	$7.6M	$2.4M	3x	as long as short
Lighter MEGA	+0.2792%	1h	0.04498	+0.492%	$622K	$327K	3x	as long as short