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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h −0.037%
Price spread now: gTrade (Gains Network) against BingX−0.266%46s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.266% cheaper against BingX than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MEGA-USDT0.045850.0100pay 0.0050% / 4h2h 32m$1.7M
ShortgTrade (Gains Network) MEGA/USD0.04573L −0.0018% / S +0.0023%pay 0.0003% / 1h32m 30s$12K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$25.77
Price spread: −0.266% → 0.000%
−$26.59
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 6 bp × 2 orders
−$12
Net
−$74.35
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 5 min ago15.32 bp41.6 bp −$42104.9 bp −$1,0491021.4 bp −$102.1Kdoesn'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 27 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−0.0432%1h0.04490−2.063%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDshortL −0.0018% / S +0.0023%1h0.04573−0.266%$12K150x
Nado MEGA-PERP+0.0064%1h0.04590+0.109%$198K$140K2xas long as short
Aster MEGAUSDT+0.0100%4h0.04578−0.145%$18K$90K5xas long as short
Pacifica MEGA+0.0100%1h0.04586+0.026%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04589+0.087%$4.1M$13.5M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04586+0.022%$3.6M$5.4M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.04588+0.065%$940K$3.1M20xas long as short
Bulk MEGA-USD+0.0100%1h0.04550−0.763%$134K$4K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04583−0.044%$203K$319K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MEGA_USDT+0.0100%4h0.04586+0.022%$829K$364K50xas long as short
KuCoin MEGAUSDTM+0.0100%4h0.04587+0.044%$239K$112K50xas long as short
Bitget MEGAUSDT+0.0100%4h0.04589+0.087%$1.1M$1.5M50xas long as short
BingX MEGA-USDTlong+0.0100%4h0.04585long leg$1.7M
Variational Omni MEGA+0.0100%4h0.04586+0.028%$323K$226Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04597+0.255%$29K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04600+0.327%$24K$232K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.04573−0.262%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04574−0.240%$2K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04584−0.015%$128K$824K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04589+0.094%$33xas long as short
Phoenix MEGA+0.0173%1h0.04594+0.196%$21K$7K5xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0237% / S −0.5353%1h0.04572−0.281%$3K45xas long as short
Backpack MEGA_USDC_PERP+0.0581%1h0.04577−0.174%$18K$46K5xas long as short
Lighter MEGA+0.1288%1h0.04609+0.523%$651K$329K3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.1849%1h0.04583−0.046%$111$1525xas long as short
Hyperliquid MEGA+0.1948%1h0.04603+0.403%$7.9M$2.5M3xas long as short