Funding arb · Price arb /

MEGA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Binance−0.064%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1771.772% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.064%, 7d avg −0.040%

Together, before fees+0.018%+ Points / potential airdropExtended: Active · farm board+$2 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: Extended is 0.024% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEGAUSDT	0.04536	0.0100	pay 0.0050% / 4h	2h 00m	$4.0M	$13.8M	50x
Short	Extended MEGA-USD	0.04533	0.0104	get 0.0013% / 1h	0m 48s	$127K	$410K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0.84
Price spread: −0.064% → −0.040%: −$2.45
Slippage, 4 orders: −$162.16
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$178.77
Costs to cover: 1.772%
Break-even: 1496.7 days

Slippage from Binance: live order book, 10 min ago; Extended: live order book, 47 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	2.19 bp	22.2 bp −$22	114.0 bp −$1,140	doesn't fit	doesn't fit
Sell Extended live order book, 47 min ago	4.42 bp	63.3 bp −$63	349.5 bp −$3,495	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	+1.179%	$5K	$12K	50x	as long as short
Bybit MEGAUSDT	−0.0020%	4h	0.04532	−0.089%	$3.4M	$5.9M	20x	as long as short
gTrade (Gains Network) MEGA/USD	L +0.0001% / S +0.0023%	1h	0.04534	−0.054%	$1K	—	150x	as long as short
Nado MEGA-PERP	+0.0059%	1h	0.04532	−0.078%	$195K	$142K	2x	as long as short
BloFin MEGA-USDT	+0.0078%	4h	0.04537	+0.022%	$200K	$94K	50x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04535	−0.030%	$20K	$96K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04537	+0.026%	$14K	$10K	3x	as long as short
Binance MEGAUSDTlong	+0.0100%	4h	0.04536	long leg	$4.0M	$13.8M	50x
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04532	−0.089%	$917K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04535	−0.022%	$134K	$111	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MEGA_USDT	+0.0100%	4h	0.04534	−0.045%	$205K	$334K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04536	0.000%	$796K	$409K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04535	−0.022%	$227K	$120K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04534	−0.045%	$1.0M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04534	−0.045%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04533	−0.074%	$319K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04540	+0.082%	$30K	$1.9M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04536	0.000%	$23K	$228K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04535	−0.022%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04533	−0.067%	$2K	$1.9M	10x	as long as short
Extended MEGA-USDshort	+0.0104%	1h	0.04533	−0.064%	$127K	$410K	5x
Reya MEGARUSDPERP	+0.0159%	1h	0.04534	−0.050%	$3	—	3x	as long as short
Phoenix MEGA	+0.0177%	1h	0.04540	+0.088%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0237% / S −0.5353%	1h	0.04533	−0.071%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0281%	1h	0.04538	+0.044%	$18K	$56K	5x	as long as short
Hyperliquid MEGA	+0.0352%	1h	0.04542	+0.136%	$7.8M	$2.6M	3x	as long as short
Lighter MEGA	+0.0384%	1h	0.04556	+0.440%	$616K	$374K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1073%	1h	0.04541	+0.116%	$110	$15	25x	as long as short