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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against BingX+0.027%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1611.610% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.027%, 7d avg −0.010%
Together, before fees−0.058%+ Points / potential airdropExtended: Active · farm board−$6 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 0.038% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MEGA-USDT0.045010.0100pay 0.0050% / 4h36m 44s$1.7M
ShortExtended MEGA-USD0.045020.0104get 0.0013% / 1h36m 44s$128K$613K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.027% → −0.010%
$3.76
Slippage, 4 orders
−$146.01
Fee BingX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$156.41
Costs to cover
1.610%
Break-even
1310.4 days
Slippage from BingX: live order book, 10 min ago; Extended: live order book, 41 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, 10 min ago16.62 bp28.1 bp −$2887.2 bp −$872720.0 bp −$72.0K1156.3 bp −$578.2K
Sell Extended live order book, 41 min ago3.36 bp53.9 bp −$54340.2 bp −$3,402doesn'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
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04504+0.067%$12K150xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04506+0.111%$3K$2K10xas long as short
Aster MEGAUSDT+0.0100%4h0.04504+0.067%$18K$83K5xas long as short
Pacifica MEGA+0.0100%1h0.04505+0.080%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04504+0.076%$3.9M$12.8M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04500−0.022%$3.5M$4.9M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04498−0.067%$917K$2.9M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04505+0.089%$133K$5K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04503+0.044%$193K$309K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04504+0.067%$769K$350K50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MEGAUSDTM+0.0100%4h0.04503+0.044%$237K$114K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04503+0.044%$1.1M$1.4M50xas long as short
BingX MEGA-USDTlong+0.0100%4h0.04501long leg$1.7M
Variational Omni MEGA+0.0100%4h0.04503+0.043%$226K$133Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04507+0.139%$21K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04499−0.044%$25K$231K50xas long as short
SunX MEGA-USDT+0.0100%4h0.04508+0.156%$1K$1.9M10xas long as short
Nado MEGA-PERP+0.0102%1h0.04505+0.100%$195K$135K2xas long as short
Extended MEGA-USDshort+0.0104%1h0.04502+0.027%$128K$613K5x
BloFin MEGA-USDT+0.0138%4h0.04504+0.067%$195K$77K50xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04506+0.110%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0236% / S −0.5353%1h0.04504+0.058%$3K45xas long as short
Coinbase International MEGA-PERP-INTX+0.0296%1h0.04490−0.236%$5K$12K50xas long as short
Phoenix MEGA+0.0355%1h0.04508+0.156%$21K$7K5xas long as short
Backpack MEGA_USDC_PERP+0.0667%1h0.04507+0.133%$18K$41K5xas long as short
Hyperliquid MEGA+0.1109%1h0.04516+0.329%$7.7M$2.4M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1371%1h0.04511+0.216%$109$1525xas long as short
Lighter MEGA+0.1536%1h0.04524+0.511%$636K$319K3xas long as short