Settings8H · net · $10k
Funding arb · Price arb /

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against BingX+0.241%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$900.896% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.241%, 7d avg +0.080%
Together, before fees−0.082%−$8 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 0.162% dearer against BingX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.080%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MEGA-USDT0.045590.0100pay 0.0050% / 4h3h 20m$1.7M
ShortApeX Omni MEGAUSDT0.045700.0100get 0.0013% / 1h20m 59s$25K$230K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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

Funding earned
$0
Price spread: +0.241% → +0.080%
$16.17
Slippage, 4 orders
−$69.64
Fee BingX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$73.47
Costs to cover
0.896%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; ApeX Omni: live order book, 50 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 11 min ago16.49 bp28.3 bp −$2894.6 bp −$946834.9 bp −$83.5K1249.8 bp −$624.9K
Sell ApeX Omni live order book, 50 min ago8.87 bp16.6 bp −$17137.2 bp −$1,372doesn't fitdoesn't fit

MEGA on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International MEGA-PERP-INTX−0.0048%1h0.04490−1.505%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04566+0.154%$12K150xas long as short
Phoenix MEGA0.0000%1h0.04575+0.351%$21K$7K5xas long as short
Nado MEGA-PERP+0.0041%1h0.04563+0.099%$197K$137K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04567+0.175%$20K$87K5xas long as short
Pacifica MEGA+0.0100%1h0.04570+0.237%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04561+0.044%$4.0M$13.2M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04560+0.022%$3.5M$5.3M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04560+0.022%$930K$3.0M20xas long as short
Gate MEGA_USDT+0.0100%4h0.045590.000%$199K$313K20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.04558−0.022%$843K$360K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04562+0.066%$240K$116K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04564+0.110%$1.1M$1.5M50xas long as short
BingX MEGA-USDTlong+0.0100%4h0.04559long leg$1.7M
Variational Omni MEGA+0.0100%4h0.04564+0.104%$322K$227Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04567+0.176%$21K$1.7M10xas long as short
ApeX Omni MEGAUSDTshort+0.0100%1h0.04570+0.241%$25K$230K50x
Orderly PERP_MEGA_USDC+0.0100%4h0.04565+0.132%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04566+0.154%$2K$1.9M10xas long as short
Bulk MEGA-USD+0.0100%1h0.04540−0.413%$134K$4K10xas long as short
Extended MEGA-USD+0.0104%1h0.04562+0.065%$132K$819K5xas long as short
BloFin MEGA-USDT+0.0128%4h0.04569+0.219%$198K$78K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04561+0.051%$33xas long as short
Backpack MEGA_USDC_PERP+0.0207%1h0.04563+0.088%$18K$41K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04566+0.145%$3K45xas long as short
Lighter MEGA+0.0912%1h0.04589+0.658%$645K$325K3xas long as short
Hyperliquid MEGA+0.1045%1h0.04573+0.303%$7.8M$2.4M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1721%1h0.04575+0.351%$111$1525xas long as short