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

MEGA

all MEGA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against BingX+0.044%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$554as in the Funding arb table
Net, price: spread back to 7d avg − costs−$555as in the Price arb table
costs, in and out, $10k−$5545.535% 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 4 days (all we have)−0.008%−$1 · spread now +0.044%, 7d avg +0.056%
Together, before fees−0.008%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX MEGA-USDT0.045320.0100pay 0.0050% / 4h3h 42m$1.7M
ShortKuCoin MEGAUSDTM0.045340.0100get 0.0050% / 4h3h 42m$239K$115K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.044% → +0.056%
−$1.18
Slippage, 4 orders
−$531.51
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$554.69
Costs to cover
5.535%
Break-even
never at this rate
Slippage from BingX: live order book, just now; KuCoin: live order book, 8 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, just now16.54 bp27.1 bp −$2789.1 bp −$891839.5 bp −$83.9K1283.6 bp −$641.8K
Sell KuCoin live order book, 8 min ago11.08 bp224.5 bp −$225doesn't fitdoesn'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%1h0.04490−0.918%$5K$12K50xas long as short
gTrade (Gains Network) MEGA/USDL −0.0018% / S +0.0023%1h0.04532+0.004%$12K150xas long as short
Phoenix MEGA0.0000%1h0.04503−0.640%$21K$7K5xas long as short
Nado MEGA-PERP+0.0064%1h0.04534+0.055%$197K$136K2xas long as short
BloFin MEGA-USDT+0.0078%4h0.04501−0.684%$196K$76K50xas long as short
Aster MEGAUSDT+0.0100%4h0.04532−0.010%$20K$86K5xas long as short
Pacifica MEGA+0.0100%1h0.04528−0.099%$14K$9K3xas long as short
Binance MEGAUSDT+0.0100%4h0.04533+0.026%$4.0M$13.1M50xas long as short
Bybit MEGAUSDT+0.0100%4h0.04533+0.022%$3.5M$5.2M20xas long as short
OKX MEGA-USDT-SWAP+0.0100%4h0.045320.000%$925K$3.0M20xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk MEGA-USD+0.0100%1h0.04510−0.485%$133K$4K10xas long as short
Gate MEGA_USDT+0.0100%4h0.04530−0.044%$198K$312K20xas long as short
MEXC MEGA_USDT+0.0100%4h0.04533+0.022%$840K$359K50xas long as short
KuCoin MEGAUSDTMshort+0.0100%4h0.04534+0.044%$239K$115K50x
Bitget MEGAUSDT+0.0100%4h0.04533+0.022%$1.1M$1.5M50xas long as short
BingX MEGA-USDTlong+0.0100%4h0.04532long leg$1.7M
Backpack MEGA_USDC_PERP+0.0100%1h0.04530−0.044%$18K$41K5xas long as short
Variational Omni MEGA+0.0100%4h0.04503−0.644%$317K$227Kas long as short
GRVT MEGA_USDT_Perp+0.0100%4h0.04503−0.650%$28K$1.7M10xas long as short
ApeX Omni MEGAUSDT+0.0100%1h0.04502−0.662%$25K$231K50xas long as short
Orderly PERP_MEGA_USDC+0.0100%4h0.045320.000%$3K$2K10xas long as short
SunX MEGA-USDT+0.0100%4h0.04525−0.154%$2K$1.9M10xas long as short
Extended MEGA-USD+0.0104%1h0.04532+0.001%$129K$738K5xas long as short
Reya MEGARUSDPERP+0.0159%1h0.04535+0.062%$33xas long as short
GMX MEGA/USD [ETH-USDC]L +0.0236% / S −0.5353%1h0.04532−0.004%$3K45xas long as short
Lighter MEGA+0.0800%1h0.04548+0.353%$640K$320K3xas long as short
Hyperliquid MEGA+0.0962%1h0.04545+0.293%$7.8M$2.4M3xas long as short
Deribit MEGA_USDC-PERPETUAL+0.2772%1h0.04546+0.320%$110$1525xas long as short