Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against Binance−0.362%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$750.751% of the position

Long on Binance Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.236%+$24 · spread now −0.362%, 7d avg +0.044%

Together, before fees+0.236%+$24 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: Bulk is 0.406% cheaper against Binance than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEGAUSDT	0.04470	0.0100	pay 0.0050% / 4h	1h 24m	$3.9M	$12.8M	50x
Short	Bulk MEGA-USD	0.04453	0.0100	get 0.0013% / 1h	24m 25s	$131K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.362%Rate

Funding earned: $0
Price spread: −0.362% → +0.044%: −$40.57
Slippage, 4 orders: −$58.06
Fee Binance: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$115.62
Costs to cover: 0.751%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; Bulk: live order book, 59 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, 16 min ago	1.12 bp	14.5 bp −$15	100.9 bp −$1,009	doesn't fit	doesn't fit
Sell Bulk live order book, 59 min ago	11.20 bp	14.7 bp −$15	27.7 bp −$277	303.3 bp −$30.3K	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	−0.0144%	1h	0.04490	+0.467%	$5K	$12K	50x	as long as short
gTrade (Gains Network) MEGA/USD	L −0.0018% / S +0.0023%	1h	0.04466	−0.076%	$12K	—	150x	as long as short
Nado MEGA-PERP	+0.0050%	1h	0.04469	−0.001%	$193K	$151K	2x	as long as short
Orderly PERP_MEGA_USDC	+0.0099%	4h	0.04465	−0.102%	$3K	$2K	10x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04467	−0.051%	$18K	$82K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04471	+0.044%	$14K	$8K	3x	as long as short
Binance MEGAUSDTlong	+0.0100%	4h	0.04470	long leg	$3.9M	$12.8M	50x
Bybit MEGAUSDT	+0.0100%	4h	0.04462	−0.169%	$3.5M	$4.9M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04464	−0.124%	$910K	$2.9M	20x	as long as short
Bulk MEGA-USDshort	+0.0100%	1h	0.04453	−0.362%	$131K	$5K	10x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04466	−0.079%	$191K	$310K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04469	−0.012%	$763K	$347K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04468	−0.035%	$235K	$113K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04471	+0.033%	$1.1M	$1.4M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04467	−0.057%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04451	−0.405%	$224K	$133K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04458	−0.255%	$27K	$1.7M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04455	−0.325%	$24K	$230K	50x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04463	−0.146%	$1K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04469	−0.020%	$126K	$613K	5x	as long as short
BloFin MEGA-USDT	+0.0139%	4h	0.04462	−0.169%	$195K	$76K	50x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04468	−0.025%	$3	—	3x	as long as short
Phoenix MEGA	+0.0179%	1h	0.04460	−0.214%	$20K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0236% / S −0.5353%	1h	0.04466	−0.084%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0345%	1h	0.04465	−0.102%	$18K	$41K	5x	as long as short
Hyperliquid MEGA	+0.1356%	1h	0.04476	+0.133%	$7.6M	$2.3M	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1924%	1h	0.04471	+0.039%	$108	$15	25x	as long as short
Lighter MEGA	+0.2952%	1h	0.04491	+0.480%	$631K	$323K	3x	as long as short