Funding arb · Price arb /

MEGA

all MEGA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h −0.037%

Price spread now: gTrade (Gains Network) against Binance+0.037%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.037% dearer against Binance than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MEGAUSDT	0.04595	0.0100	pay 0.0050% / 4h	4m 16s	$4.1M	$13.7M	50x
Short	gTrade (Gains Network) MEGA/USD	0.04597	L +0.0001% / S +0.0023%	pay 0.0003% / 1h	4m 16s	$1K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.037%Rate

Funding earned: −$25.77
Price spread: +0.037% → 0.000%: $3.73
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$44.03
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 6 min ago	3.25 bp	30.4 bp −$30	123.5 bp −$1,235	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MEGA-PERP-INTX	−0.0744%	1h	0.04589	−0.120%	$5K	$13K	50x	as long as short
gTrade (Gains Network) MEGA/USDshort	L +0.0001% / S +0.0023%	1h	0.04597	+0.037%	$1K	—	150x
BloFin MEGA-USDT	+0.0070%	4h	0.04586	−0.197%	$203K	$95K	50x	as long as short
Nado MEGA-PERP	+0.0079%	1h	0.04593	−0.033%	$198K	$144K	2x	as long as short
Aster MEGAUSDT	+0.0100%	4h	0.04586	−0.198%	$19K	$90K	5x	as long as short
Pacifica MEGA	+0.0100%	1h	0.04587	−0.177%	$14K	$9K	3x	as long as short
Binance MEGAUSDTlong	+0.0100%	4h	0.04595	long leg	$4.1M	$13.7M	50x
Bybit MEGAUSDT	+0.0100%	4h	0.04593	−0.044%	$3.6M	$5.7M	20x	as long as short
OKX MEGA-USDT-SWAP	+0.0100%	4h	0.04592	−0.066%	$939K	$3.2M	20x	as long as short
Bulk MEGA-USD	+0.0100%	1h	0.04590	−0.110%	$136K	$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	0.04594	−0.023%	$200K	$323K	20x	as long as short
MEXC MEGA_USDT	+0.0100%	4h	0.04595	−0.001%	$807K	$377K	50x	as long as short
KuCoin MEGAUSDTM	+0.0100%	4h	0.04589	−0.131%	$234K	$118K	50x	as long as short
Bitget MEGAUSDT	+0.0100%	4h	0.04595	−0.001%	$1.1M	$1.5M	50x	as long as short
BingX MEGA-USDT	+0.0100%	4h	0.04594	−0.023%	—	$1.7M	—	as long as short
Variational Omni MEGA	+0.0100%	4h	0.04590	−0.116%	$324K	$226K	—	as long as short
GRVT MEGA_USDT_Perp	+0.0100%	4h	0.04603	+0.175%	$26K	$1.8M	10x	as long as short
ApeX Omni MEGAUSDT	+0.0100%	1h	0.04602	+0.152%	$24K	$230K	50x	as long as short
Orderly PERP_MEGA_USDC	+0.0100%	4h	0.04596	+0.021%	$3K	$2K	10x	as long as short
SunX MEGA-USDT	+0.0100%	4h	0.04583	−0.262%	$2K	$1.9M	10x	as long as short
Extended MEGA-USD	+0.0104%	1h	0.04595	−0.007%	$129K	$821K	5x	as long as short
Hyperliquid MEGA	+0.0153%	1h	0.04602	+0.147%	$7.9M	$2.6M	3x	as long as short
Reya MEGARUSDPERP	+0.0159%	1h	0.04593	−0.050%	$3	—	3x	as long as short
Phoenix MEGA	+0.0176%	1h	0.04597	+0.043%	$21K	$7K	5x	as long as short
GMX MEGA/USD [ETH-USDC]	L +0.0238% / S −0.5353%	1h	0.04596	+0.017%	$3K	—	45x	as long as short
Backpack MEGA_USDC_PERP	+0.0433%	1h	0.04589	−0.131%	$18K	$53K	5x	as long as short
Lighter MEGA	+0.0608%	1h	0.04623	+0.609%	$654K	$342K	3x	as long as short
Deribit MEGA_USDC-PERPETUAL	+0.1033%	1h	0.04603	+0.180%	$111	$15	25x	as long as short