Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.34 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against Binance−0.089%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1361.358% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 7 days+0.103%+$10 · spread now −0.089%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.071% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MEGAUSDT | 0.04505 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $4.0M | $13.8M | 50x |
| Short | Bybit MEGAUSDT | 0.04501 | 0.0032 | get 0.0016% / 4h | 2h 32m | $3.4M | $5.9M | 20x |
Binance MEGAUSDT
Bybit MEGAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$14.25
- Price spread: −0.089% → −0.018%
- −$7.05
- Slippage, 4 orders
- −$114.78
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$157.09
- Costs to cover
- 1.358%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 10 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, 8 min ago | 1.12 bp | 30.7 bp −$31 | 136.1 bp −$1,361 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 10 min ago | 2.22 bp | 35.2 bp −$35 | 134.3 bp −$1,343 | 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 | −0.0048% | 1h | 0.04589 | +1.876% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04494 | −0.247% | $1K | — | 150x | as long as short |
| Bybit MEGAUSDTshort | +0.0032% | 4h | 0.04501 | −0.089% | $3.4M | $5.9M | 20x | |
| BloFin MEGA-USDT | +0.0044% | 4h | 0.04489 | −0.355% | $198K | $93K | 50x | as long as short |
| Nado MEGA-PERP | +0.0059% | 1h | 0.04501 | −0.078% | $194K | $141K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04503 | −0.043% | $18K | $91K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04507 | +0.036% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDTlong | +0.0100% | 4h | 0.04505 | long leg | $4.0M | $13.8M | 50x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04496 | −0.200% | $913K | $3.1M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04505 | 0.000% | $202K | $330K | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
OKX MEGA-USDT-SWAP
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04506 | +0.022% | $792K | $391K | 50x | as long as short |
| KuCoin MEGAUSDTM | +0.0100% | 4h | 0.04503 | −0.044% | $228K | $120K | 50x | as long as short |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04504 | −0.022% | $1.0M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04502 | −0.067% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04502 | −0.067% | $18K | $55K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04520 | +0.340% | $319K | $226K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04518 | +0.289% | $20K | $1.8M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04524 | +0.422% | $23K | $228K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04494 | −0.244% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04495 | −0.222% | $1K | $1.9M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04501 | −0.098% | $133K | $111 | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04502 | −0.071% | $126K | $429K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04490 | −0.326% | $3 | — | 3x | as long as short |
| Phoenix MEGA | +0.0177% | 1h | 0.04522 | +0.377% | $21K | $7K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0237% / S −0.5353% | 1h | 0.04494 | −0.242% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0432% | 1h | 0.04527 | +0.488% | $617K | $366K | 3x | as long as short |
| Hyperliquid MEGA | +0.0528% | 1h | 0.04514 | +0.198% | $7.8M | $2.6M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1107% | 1h | 0.04501 | −0.084% | $109 | $15 | 25x | as long as short |
MEXC MEGA_USDT
KuCoin MEGAUSDTM
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
Phoenix MEGA
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL